NextEra Energy, Inc. (NYSE:NEE) Stake Reduced by Employees Retirement System of Texas

Employees Retirement System of Texas reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 23.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,430 shares of the utilities provider's stock after selling 28,057 shares during the period. Employees Retirement System of Texas' holdings in NextEra Energy were worth $6,698,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bellwether Advisors LLC acquired a new stake in shares of NextEra Energy during the 4th quarter worth about $30,000. WealthTrak Capital Management LLC purchased a new position in shares of NextEra Energy during the fourth quarter valued at approximately $33,000. Luken Investment Analytics LLC purchased a new position in shares of NextEra Energy during the fourth quarter valued at approximately $36,000. Midwest Capital Advisors LLC acquired a new stake in NextEra Energy during the fourth quarter worth approximately $44,000. Finally, Promus Capital LLC purchased a new stake in NextEra Energy in the 4th quarter worth approximately $45,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on NEE. Erste Group Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. UBS Group dropped their target price on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research note on Friday, May 23rd. Morgan Stanley reiterated an "overweight" rating on shares of NextEra Energy in a report on Wednesday, April 23rd. JPMorgan Chase & Co. boosted their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. Finally, BMO Capital Markets cut their price target on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $83.50.

Insider Activity

In other news, EVP Charles E. Sieving sold 23,684 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $70.00, for a total value of $1,657,880.00. Following the completion of the sale, the executive vice president now directly owns 196,817 shares in the company, valued at approximately $13,777,190. The trade was a 10.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.20% of the company's stock.

NextEra Energy Trading Up 2.1%

Shares of NextEra Energy stock traded up $1.48 during trading hours on Friday, hitting $70.47. The company's stock had a trading volume of 18,800,654 shares, compared to its average volume of 11,141,364. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $145.07 billion, a PE ratio of 20.91, a P/E/G ratio of 2.45 and a beta of 0.69. The business has a fifty day moving average of $68.40 and a 200 day moving average of $70.81. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.99. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The company had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.58 billion. During the same quarter last year, the company earned $0.91 earnings per share. NextEra Energy's revenue for the quarter was up 9.0% on a year-over-year basis. As a group, equities analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Monday, June 2nd. NextEra Energy's dividend payout ratio is currently 84.64%.

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,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.