Retirement Systems of Alabama decreased its stake in NextEra Energy Inc. (NYSE:NEE) by 0.2% during the second quarter, according to its most recent Form 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’s holdings in NextEra Energy were worth $30,677,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP increased its position in shares of NextEra Energy by 14.6% in the first quarter. Wellington Management Group LLP now owns 19,485,140 shares of the company’s stock valued at $2,305,872,000 after buying an additional 2,480,652 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in NextEra Energy by 2.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 12,778,799 shares of the company’s stock worth $1,512,243,000 after buying an additional 273,160 shares during the last quarter. BlackRock Fund Advisors increased its stake in NextEra Energy by 4.9% in the first quarter. BlackRock Fund Advisors now owns 8,900,844 shares of the company’s stock worth $1,053,326,000 after buying an additional 419,499 shares during the last quarter. BlackRock Group LTD increased its stake in NextEra Energy by 9.4% in the first quarter. BlackRock Group LTD now owns 4,778,848 shares of the company’s stock worth $565,529,000 after buying an additional 411,972 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in NextEra Energy by 5.8% in the first quarter. Geode Capital Management LLC now owns 3,814,439 shares of the company’s stock worth $450,504,000 after buying an additional 210,101 shares during the last quarter. Institutional investors own 74.51% of the company’s stock.
NextEra Energy Inc. (NYSE:NEE) traded down 0.24% during midday trading on Wednesday, hitting $126.48. 1,710,777 shares of the company were exchanged. The firm has a market capitalization of $58.43 billion, a PE ratio of 22.63 and a beta of 0.33. The stock has a 50 day moving average of $124.49 and a 200 day moving average of $122.55. NextEra Energy Inc. has a 1-year low of $95.84 and a 1-year high of $131.98.
NextEra Energy (NYSE:NEE) last issued 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 had revenue of $3.82 billion for 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%. The firm’s revenue was down 12.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.56 EPS. On average, equities analysts predict that NextEra Energy Inc. will post $6.20 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Tuesday, August 30th were given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend was Friday, August 26th. NextEra Energy’s payout ratio is presently 62.59%.
A number of analysts recently weighed in on NEE shares. KeyCorp restated an “outperform” rating and issued a $134.00 price objective (up from $126.00) on shares of NextEra Energy in a report on Tuesday, July 5th. Deutsche Bank AG downgraded NextEra Energy from a “buy” rating to a “hold” rating and set a $131.00 price objective for the company. in a report on Friday, September 23rd. Morgan Stanley restated a “buy” rating on shares of NextEra Energy in a report on Monday, August 1st. Mizuho increased their price objective on NextEra Energy from $125.00 to $138.00 and gave the company a “buy” rating in a report on Monday, July 18th. Finally, BMO Capital Markets restated a “buy” rating and issued a $135.00 price objective on shares of NextEra Energy in a report on Thursday, July 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of C$129.26.
In related news, Treasurer Paul I. Cutler sold 4,796 shares of NextEra Energy stock in a transaction on Thursday, June 30th. The shares were sold at an average price of C$130.00, for a total value of C$623,480.00. Following the transaction, the treasurer now owns 69,977 shares in the company, valued at approximately C$9,097,010. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Chris N. Froggatt sold 16,467 shares of NextEra Energy stock in a transaction on Friday, July 29th. The stock was sold at an average price of C$127.61, for a total transaction of C$2,101,353.87. Following the completion of the transaction, the vice president now owns 22,916 shares in the company, valued at approximately C$2,924,310.76. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by corporate insiders.
NextEra Energy Company Profile
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.
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