NextEra Energy Inc (NYSE:NEE) Holdings Lowered by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System trimmed its stake in shares of NextEra Energy Inc (NYSE:NEE) by 3.5% in the 2nd quarter, HoldingsChannel reports. The firm owned 651,267 shares of the utilities provider’s stock after selling 23,580 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in NextEra Energy were worth $133,419,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Atlantic Trust LLC lifted its stake in NextEra Energy by 9.8% in the 2nd quarter. Atlantic Trust LLC now owns 12,572 shares of the utilities provider’s stock worth $2,576,000 after acquiring an additional 1,123 shares in the last quarter. Great Lakes Advisors LLC lifted its stake in NextEra Energy by 18.4% in the 1st quarter. Great Lakes Advisors LLC now owns 10,653 shares of the utilities provider’s stock worth $2,059,000 after acquiring an additional 1,652 shares in the last quarter. Pictet Asset Management Ltd. lifted its stake in NextEra Energy by 23.6% in the 1st quarter. Pictet Asset Management Ltd. now owns 2,021,758 shares of the utilities provider’s stock worth $390,846,000 after acquiring an additional 385,763 shares in the last quarter. Wetherby Asset Management Inc. lifted its stake in NextEra Energy by 14.4% in the 1st quarter. Wetherby Asset Management Inc. now owns 9,052 shares of the utilities provider’s stock worth $1,750,000 after acquiring an additional 1,142 shares in the last quarter. Finally, Parallel Advisors LLC lifted its stake in NextEra Energy by 9.6% in the 1st quarter. Parallel Advisors LLC now owns 11,428 shares of the utilities provider’s stock worth $2,210,000 after acquiring an additional 1,002 shares in the last quarter. 76.24% of the stock is owned by institutional investors and hedge funds.

NEE stock traded down $0.28 during mid-day trading on Tuesday, hitting $218.68. The stock had a trading volume of 37,833 shares, compared to its average volume of 1,736,656. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 0.88. NextEra Energy Inc has a 1-year low of $164.25 and a 1-year high of $219.77. The company has a fifty day moving average of $210.94 and a 200 day moving average of $197.60. The stock has a market capitalization of $104.22 billion, a price-to-earnings ratio of 28.38, a PEG ratio of 3.24 and a beta of 0.22.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 24th. The utilities provider reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.07. NextEra Energy had a return on equity of 10.46% and a net margin of 18.73%. The company had revenue of $4.97 billion for the quarter, compared to analyst estimates of $4.68 billion. During the same period in the prior year, the firm posted $2.08 EPS. The business’s revenue was up 22.3% compared to the same quarter last year. As a group, sell-side analysts expect that NextEra Energy Inc will post 8.38 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, August 29th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Wednesday, August 28th. NextEra Energy’s dividend payout ratio is 64.94%.

Several equities research analysts recently issued reports on the company. Morgan Stanley set a $233.00 price objective on NextEra Energy and gave the stock a “buy” rating in a research note on Friday. Scotiabank raised NextEra Energy from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $187.00 to $202.00 in a research report on Wednesday, May 8th. Barclays lowered NextEra Energy from an “overweight” rating to an “equal weight” rating and set a $218.00 target price on the stock. in a research report on Tuesday, August 13th. UBS Group upped their target price on NextEra Energy from $225.00 to $236.00 and gave the stock a “buy” rating in a research report on Friday, June 7th. Finally, Bank of America upped their target price on NextEra Energy from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $214.38.

In other news, CEO James L. Robo sold 44,537 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $216.85, for a total transaction of $9,657,848.45. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO John W. Ketchum sold 15,000 shares of the stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $204.50, for a total value of $3,067,500.00. Following the transaction, the chief executive officer now directly 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 three months, insiders have sold 81,878 shares of company stock worth $17,312,768. 0.48% of the stock is currently owned by insiders.

NextEra Energy Company 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, 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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