Utah Retirement Systems trimmed its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 376,112 shares of the utilities provider’s stock after selling 16,500 shares during the quarter. Utah Retirement Systems’ holdings in NextEra Energy were worth $28,438,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Artisan Partners Limited Partnership grew its stake in NextEra Energy by 7.0% in the 1st quarter. Artisan Partners Limited Partnership now owns 10,640,983 shares of the utilities provider’s stock valued at $804,565,000 after acquiring an additional 699,310 shares during the period. Bender Robert & Associates grew its stake in NextEra Energy by 13.7% in the 1st quarter. Bender Robert & Associates now owns 33,231 shares of the utilities provider’s stock valued at $2,513,000 after acquiring an additional 4,005 shares during the period. Core Alternative Capital grew its stake in NextEra Energy by 2.5% in the 1st quarter. Core Alternative Capital now owns 80,865 shares of the utilities provider’s stock valued at $6,114,000 after acquiring an additional 1,973 shares during the period. Smith Asset Management Group LP acquired a new stake in NextEra Energy in the 1st quarter valued at $4,764,000. Finally, Kempen Capital Management N.V. grew its stake in NextEra Energy by 13.9% in the 1st quarter. Kempen Capital Management N.V. now owns 63,757 shares of the utilities provider’s stock valued at $4,821,000 after acquiring an additional 7,788 shares during the period. 74.73% of the stock is currently owned by hedge funds and other institutional investors.
NEE traded up $0.16 on Thursday, hitting $76.04. The company had a trading volume of 67,153 shares, compared to its average volume of 6,506,098. The stock has a market cap of $149.15 billion, a price-to-earnings ratio of 32.32, a P/E/G ratio of 3.85 and a beta of 0.18. NextEra Energy, Inc. has a 1 year low of $66.79 and a 1 year high of $87.69. The stock’s fifty day simple moving average is $73.96. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.42 and a current ratio of 0.52.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 15th. Investors of record on Wednesday, June 2nd were issued a $0.385 dividend. The ex-dividend date was Tuesday, June 1st. This represents a $1.54 annualized dividend and a yield of 2.03%. NextEra Energy’s dividend payout ratio (DPR) is currently 66.67%.
Several equities research analysts have issued reports on the stock. Credit Suisse Group assumed coverage on shares of NextEra Energy in a research note on Wednesday, July 14th. They set an “outperform” rating and a $85.00 target price on the stock. Barclays lowered their target price on shares of NextEra Energy from $82.00 to $78.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 25th. Finally, Morgan Stanley lifted their target price on shares of NextEra Energy from $77.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $79.43.
In other NextEra Energy news, EVP Deborah H. Caplan sold 6,896 shares of the business’s stock in a transaction dated Monday, June 28th. The shares were sold at an average price of $75.00, for a total transaction of $517,200.00. Following the sale, the executive vice president now directly owns 123,339 shares in the company, valued at $9,250,425. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Deborah H. Caplan sold 39,636 shares of the business’s stock in a transaction dated Monday, May 10th. The stock was sold at an average price of $75.17, for a total transaction of $2,979,438.12. Following the sale, the executive vice president now owns 137,027 shares in the company, valued at $10,300,319.59. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 176,787 shares of company stock worth $13,075,474. 0.38% of the stock is owned by insiders.
NextEra Energy Company Profile
NextEra Energy, Inc is an electric power and energy infrastructure company. It operates through the following segments: FPL & NEER. The FPL segment engages primarily in the generation, transmission, distribution and sale of electric energy in Florida. The NEER segment produces electricity from clean and renewable sources, including wind and solar.
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