Arizona State Retirement System Has $42.78 Million Stake in NextEra Energy, Inc. (NYSE:NEE)

Arizona State Retirement System lifted its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 1.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 603,499 shares of the utilities provider's stock after acquiring an additional 8,240 shares during the quarter. Arizona State Retirement System's holdings in NextEra Energy were worth $42,782,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Bellwether Advisors LLC acquired a new position in NextEra Energy during the 4th quarter worth $30,000. WealthTrak Capital Management LLC bought a new stake in shares of NextEra Energy during the 4th quarter valued at $33,000. Copia Wealth Management acquired a new position in shares of NextEra Energy in the 4th quarter valued at $36,000. Graney & King LLC acquired a new position in shares of NextEra Energy in the 4th quarter valued at $46,000. Finally, Global Wealth Strategies & Associates lifted its stake in shares of NextEra Energy by 205.1% in the 1st quarter. Global Wealth Strategies & Associates now owns 659 shares of the utilities provider's stock valued at $47,000 after purchasing an additional 443 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

NextEra Energy stock traded down $0.29 during midday trading on Friday, reaching $74.35. 8,094,042 shares of the company's stock were exchanged, compared to its average volume of 11,113,128. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.45 and a current ratio of 0.55. The firm has a market cap of $153.06 billion, a price-to-earnings ratio of 27.85, a P/E/G ratio of 2.62 and a beta of 0.67. The stock's 50-day simple moving average is $71.35 and its 200 day simple moving average is $70.20.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting analysts' consensus estimates of $0.99. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The business had revenue of $6.25 billion during the quarter, compared to analysts' expectations of $6.58 billion. During the same quarter last year, the company posted $0.91 earnings per share. NextEra Energy's quarterly revenue was up 9.0% on a year-over-year basis. On average, analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $0.5665 per share. The ex-dividend date was Monday, June 2nd. This represents a $2.27 annualized dividend and a yield of 3.05%. NextEra Energy's dividend payout ratio (DPR) is presently 85.02%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on NEE shares. Guggenheim reissued a "buy" rating and issued a $89.00 price target on shares of NextEra Energy in a research note on Thursday, March 20th. Morgan Stanley cut their price target on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 18th. UBS Group lowered their price objective on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research report on Friday, May 23rd. Barclays upped their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a research report on Thursday. Finally, Erste Group Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, NextEra Energy presently has a consensus rating of "Moderate Buy" and an average target price of $84.73.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the completion of the sale, the executive vice president directly owned 196,817 shares in the company, valued at $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.18% of the stock is 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,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.