NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 292,775 shares of the utilities provider’s stock after selling 11,508 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in NextEra Energy were worth $18,711,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. SeaCrest Wealth Management LLC increased its holdings in NextEra Energy by 7.3% in the fourth quarter. SeaCrest Wealth Management LLC now owns 16,784 shares of the utilities provider’s stock valued at $1,042,000 after buying an additional 1,147 shares during the last quarter. Relyea Zuckerberg Hanson LLC lifted its stake in NextEra Energy by 8.7% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 7,009 shares of the utilities provider’s stock worth $426,000 after purchasing an additional 563 shares during the last quarter. Advocate Group LLC lifted its stake in NextEra Energy by 82.8% during the fourth quarter. Advocate Group LLC now owns 33,140 shares of the utilities provider’s stock worth $2,013,000 after purchasing an additional 15,009 shares during the last quarter. Mendota Financial Group LLC boosted its holdings in NextEra Energy by 9,026.7% in the fourth quarter. Mendota Financial Group LLC now owns 2,738 shares of the utilities provider’s stock valued at $166,000 after purchasing an additional 2,708 shares in the last quarter. Finally, Meridian Financial Partners LLC increased its stake in NextEra Energy by 4.0% in the fourth quarter. Meridian Financial Partners LLC now owns 22,458 shares of the utilities provider’s stock valued at $1,295,000 after purchasing an additional 869 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Scotiabank upped their target price on shares of NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a report on Monday, April 22nd. JPMorgan Chase & Co. lifted their target price on NextEra Energy from $76.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, June 20th. Barclays boosted their target price on NextEra Energy from $72.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday. Wells Fargo & Company restated an “overweight” rating and set a $95.00 price target on shares of NextEra Energy in a research note on Wednesday, June 12th. Finally, Mizuho lowered shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price on the stock. in a research report on Wednesday, June 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus price target of $78.00.

NextEra Energy Price Performance

NextEra Energy stock traded down $0.09 during midday trading on Monday, reaching $74.17. The company’s stock had a trading volume of 2,629,467 shares, compared to its average volume of 11,659,935. The firm has a market capitalization of $152.45 billion, a PE ratio of 20.22, a P/E/G ratio of 2.69 and a beta of 0.54. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $80.47. The stock’s 50 day simple moving average is $73.90 and its 200 day simple moving average is $66.11. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The company had revenue of $6.07 billion during the quarter, compared to analysts’ expectations of $7.29 billion. During the same period last year, the company posted $0.88 earnings per share. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.39 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.06 annualized dividend and a yield of 2.78%. NextEra Energy’s dividend payout ratio (DPR) is currently 56.13%.

NextEra Energy Company Profile

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.