New York State Teachers Retirement System Decreases Stock Position in NextEra Energy, Inc. (NYSE:NEE)

New York State Teachers Retirement System trimmed its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 8.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,672,950 shares of the utilities provider's stock after selling 157,137 shares during the period. New York State Teachers Retirement System owned about 0.08% of NextEra Energy worth $118,595,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new position in NextEra Energy during the 4th quarter valued at approximately $3,484,197,000. Boston Partners bought a new stake in shares of NextEra Energy in the 4th quarter worth approximately $244,169,000. Two Sigma Advisers LP purchased a new position in shares of NextEra Energy during the fourth quarter valued at approximately $240,269,000. Amundi raised its holdings in shares of NextEra Energy by 49.8% during the fourth quarter. Amundi now owns 9,543,552 shares of the utilities provider's stock valued at $676,008,000 after acquiring an additional 3,172,405 shares in the last quarter. Finally, California Public Employees Retirement System lifted its stake in NextEra Energy by 46.7% in the fourth quarter. California Public Employees Retirement System now owns 7,910,346 shares of the utilities provider's stock worth $567,093,000 after acquiring an additional 2,517,369 shares during the period. 78.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on NEE shares. Erste Group Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Morgan Stanley dropped their target price on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research report on Wednesday, June 18th. JPMorgan Chase & Co. lifted their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. BMO Capital Markets decreased their price target on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Finally, Guggenheim restated a "buy" rating and issued a $89.00 price objective on shares of NextEra Energy in a report on Thursday, March 20th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $84.55.

NextEra Energy Stock Down 2.0%

NYSE NEE traded down $1.39 during trading hours on Monday, reaching $69.50. 20,892,666 shares of the company's stock traded hands, compared to its average volume of 10,971,744. 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 current ratio of 0.55 and a quick ratio of 0.45. The firm has a 50-day simple moving average of $69.99 and a 200 day simple moving average of $70.12. The firm has a market cap of $143.07 billion, a PE ratio of 26.03, a PEG ratio of 2.50 and a beta of 0.68.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting analysts' consensus estimates of $0.99. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The business 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 firm earned $0.91 earnings per share. The business's revenue for the quarter was up 9.0% on a year-over-year basis. Sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $0.5665 dividend. The ex-dividend date was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.26%. NextEra Energy's dividend payout ratio is currently 85.02%.

Insider Activity at NextEra Energy

In other news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction dated 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 transaction, the executive vice president owned 196,817 shares of the company's stock, valued at $13,777,190. The trade was a 10.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.18% of the company's stock.

NextEra Energy 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.