Retirement Systems of Alabama cut its stake in NextEra Energy Inc. (NYSE:NEE) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 235,250 shares of the company’s stock after selling 421 shares during the period. Retirement Systems of Alabama owned approximately 0.05% of NextEra Energy worth $30,677,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of NEE. Cribstone Capital Management LLC purchased a new position in shares of NextEra Energy during the second quarter valued at about $149,000. Vigilant Capital Management LLC increased its position in shares of NextEra Energy by 121.9% in the second quarter. Vigilant Capital Management LLC now owns 1,238 shares of the company’s stock valued at $161,000 after buying an additional 680 shares in the last quarter. Winslow Evans & Crocker Inc. increased its position in shares of NextEra Energy by 9.2% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,376 shares of the company’s stock valued at $179,000 after buying an additional 116 shares in the last quarter. Cornerstone Advisors Inc. increased its position in shares of NextEra Energy by 0.4% in the second quarter. Cornerstone Advisors Inc. now owns 1,627 shares of the company’s stock valued at $212,000 after buying an additional 7 shares in the last quarter. Finally, Wagner Bowman Management Corp purchased a new position in shares of NextEra Energy during the second quarter valued at about $220,000. Hedge funds and other institutional investors own 74.51% of the company’s stock.
Shares of NextEra Energy Inc. (NYSE:NEE) traded down 0.24% during trading on Wednesday, hitting $126.48. 1,710,777 shares of the company were exchanged. The firm’s 50-day moving average price is $124.49 and its 200 day moving average price is $122.55. NextEra Energy Inc. has a 12 month low of $95.84 and a 12 month high of $131.98. The firm has a market capitalization of $58.43 billion, a PE ratio of 22.63 and a beta of 0.33.
NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 27th. The company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.10. The company earned $3.82 billion during the quarter, compared to analysts’ expectations of $4.33 billion. NextEra Energy had a net margin of 15.36% and a return on equity of 11.82%. NextEra Energy’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same period last year, the business earned $1.56 EPS. On average, equities research analysts expect that NextEra Energy Inc. will post $6.20 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Tuesday, August 30th were paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date was Friday, August 26th. NextEra Energy’s dividend payout ratio (DPR) is presently 62.59%.
NEE has been the subject of several research reports. Deutsche Bank AG reissued a “buy” rating and set a $123.00 price objective on shares of NextEra Energy in a report on Wednesday, June 1st. Zacks Investment Research cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. Bank of America Corp. reissued a “buy” rating and set a $149.00 price objective on shares of NextEra Energy in a report on Tuesday. Goldman Sachs Group Inc. reissued a “conviction-buy” rating on shares of NextEra Energy in a report on Wednesday, June 8th. Finally, Argus reissued a “buy” rating and set a $134.00 price objective (up from $128.00) on shares of NextEra Energy in a report on Tuesday, June 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of C$129.26.
In other NextEra Energy news, VP Chris N. Froggatt sold 16,467 shares of NextEra Energy stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of C$127.61, for a total transaction of C$2,101,353.87. Following the completion of the sale, the vice president now directly owns 22,916 shares in the company, valued at approximately C$2,924,310.76. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Treasurer Paul I. Cutler sold 4,796 shares of NextEra Energy stock in a transaction that occurred on Thursday, June 30th. The shares were sold at an average price of C$130.00, for a total transaction of C$623,480.00. Following the sale, the treasurer now owns 69,977 shares of the company’s stock, valued at C$9,097,010. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by corporate insiders.
About NextEra Energy
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power company in North America with electric generating facilities located in over 30 states in the United States and approximately five provinces in Canada. NEE’s operating segments are FPL, an electric utility, and NEER, an energy business.
Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy Inc. (NYSE:NEE).
Receive News & Ratings for NextEra Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.