Virginia Retirement Systems ET AL Increases Stock Position in NextEra Energy Inc (NYSE:NEE)

Virginia Retirement Systems ET AL boosted its stake in NextEra Energy Inc (NYSE:NEE) by 1.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 192,100 shares of the utilities provider’s stock after purchasing an additional 3,100 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in NextEra Energy were worth $39,354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Manchester Financial Inc. bought a new position in NextEra Energy during the second quarter valued at approximately $26,000. Legacy Advisors LLC grew its position in NextEra Energy by 1,000.0% during the second quarter. Legacy Advisors LLC now owns 165 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 150 shares during the last quarter. Massey Quick Simon & CO. LLC bought a new position in NextEra Energy during the first quarter valued at approximately $39,000. RPG Investment Advisory LLC bought a new position in NextEra Energy during the first quarter valued at approximately $42,000. Finally, Westside Investment Management Inc. bought a new position in NextEra Energy during the second quarter valued at approximately $53,000. 75.86% of the stock is currently owned by institutional investors and hedge funds.

Shares of NextEra Energy stock traded up $3.14 on Tuesday, hitting $211.19. The stock had a trading volume of 1,049,048 shares, compared to its average volume of 1,554,215. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.42 and a current ratio of 0.52. NextEra Energy Inc has a one year low of $164.25 and a one year high of $213.23. The firm has a market cap of $101.29 billion, a PE ratio of 27.43, a price-to-earnings-growth ratio of 3.16 and a beta of 0.22. The firm has a 50-day moving average of $208.15.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 24th. The utilities provider reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.28 by $0.07. The firm had revenue of $4.97 billion for the quarter, compared to analysts’ expectations of $4.68 billion. NextEra Energy had a net margin of 18.73% and a return on equity of 10.46%. The business’s revenue was up 22.3% on a year-over-year basis. During the same quarter last year, the business earned $2.08 earnings per share. On average, equities analysts anticipate that NextEra Energy Inc will post 8.36 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 29th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.37%. The ex-dividend date is Wednesday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is currently 64.94%.

A number of research analysts have commented on NEE shares. Goldman Sachs Group cut shares of NextEra Energy from a “conviction-buy” rating to a “buy” rating and set a $194.00 price target on the stock. in a research report on Monday, April 8th. Credit Suisse Group increased their price target on shares of NextEra Energy from $231.00 to $232.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Bank of America increased their price target on shares of NextEra Energy from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. Morgan Stanley raised their target price on shares of NextEra Energy from $207.00 to $209.00 and gave the stock an “overweight” rating in a report on Friday, June 21st. Finally, Barclays restated a “buy” rating and issued a $218.00 target price on shares of NextEra Energy in a report on Wednesday, June 19th. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $210.50.

In related news, Director Rudy E. Schupp sold 1,600 shares of NextEra Energy stock in a transaction on Monday, July 1st. The shares were sold at an average price of $202.90, for a total value of $324,640.00. Following the sale, the director now owns 18,315 shares in the company, valued at $3,716,113.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO John W. Ketchum sold 15,000 shares of NextEra Energy stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $204.50, for a total transaction of $3,067,500.00. Following the completion of the sale, the chief executive officer now owns 21,137 shares in the company, valued at approximately $4,322,516.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 101,300 shares of company stock worth $20,217,711. 0.48% of the stock is currently owned by company insiders.

About NextEra Energy

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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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