NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama reduced its stake in NextEra Energy, Inc. (NYSE:NEE) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 445,231 shares of the utilities provider’s stock after selling 8,201 shares during the period. Retirement Systems of Alabama’s holdings in NextEra Energy were worth $31,919,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Burkett Financial Services LLC increased its holdings in NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 332 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in NextEra Energy in the 3rd quarter valued at $27,000. Sugar Maple Asset Management LLC acquired a new stake in NextEra Energy in the 4th quarter valued at $28,000. Quarry LP acquired a new stake in NextEra Energy in the 3rd quarter valued at $33,000. Finally, Luken Investment Analytics LLC acquired a new stake in shares of NextEra Energy during the fourth quarter valued at about $36,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Down 1.0 %

NYSE:NEE opened at $69.17 on Thursday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The stock has a 50-day simple moving average of $72.25 and a 200 day simple moving average of $77.13. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The company has a market capitalization of $142.24 billion, a price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 2.50 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last issued its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Sell-side analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

Insiders Place Their Bets

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the transaction, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NEE. Evercore ISI lowered their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research note on Monday, January 27th. Barclays raised their target price on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Morgan Stanley raised their target price on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Guggenheim raised their target price on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $85.85.

NextEra Energy 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.