Public Employees Retirement System of Ohio Sells 41,341 Shares of NextEra Energy, Inc. (NYSE:NEE)

Public Employees Retirement System of Ohio trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 4.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 882,492 shares of the utilities provider's stock after selling 41,341 shares during the period. Public Employees Retirement System of Ohio's holdings in NextEra Energy were worth $63,266,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of NEE. Norges Bank acquired a new position in shares of NextEra Energy in the 4th quarter valued at $3,484,197,000. Boston Partners acquired a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $244,169,000. Two Sigma Advisers LP bought a new position in NextEra Energy during the 4th quarter worth approximately $240,269,000. Amundi grew its holdings in 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 purchasing an additional 3,172,405 shares during the period. Finally, California Public Employees Retirement System grew its holdings in NextEra Energy by 46.7% during the fourth quarter. California Public Employees Retirement System now owns 7,910,346 shares of the utilities provider's stock valued at $567,093,000 after purchasing an additional 2,517,369 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NEE has been the topic of a number of recent analyst reports. 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. JPMorgan Chase & Co. raised their price objective on NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. UBS Group decreased 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. BMO Capital Markets lowered their price target on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Finally, Barclays cut their price objective on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $83.50.

NextEra Energy Stock Up 1.3%

NextEra Energy stock traded up $0.88 during midday trading on Friday, reaching $67.82. The stock had a trading volume of 17,155,250 shares, compared to its average volume of 11,151,600. The stock has a market capitalization of $139.62 billion, a P/E ratio of 20.12, a price-to-earnings-growth ratio of 2.45 and a beta of 0.69. The firm's fifty day simple moving average is $68.57 and its 200-day simple moving average is $71.00. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. 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 posted its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.99. The company had revenue of $6.25 billion for the quarter, compared to the consensus estimate of $6.58 billion. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The firm's revenue was up 9.0% compared to the same quarter last year. During the same period last year, the company earned $0.91 earnings per share. As a group, analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.5665 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.27 annualized dividend and a yield of 3.34%. NextEra Energy's dividend payout ratio (DPR) is presently 84.64%.

Insider Transactions at NextEra Energy

In other news, EVP Charles E. Sieving sold 23,684 shares of the 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 owns 196,817 shares of the company's stock, valued at approximately $13,777,190. This represents a 10.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.20% of the company's stock.

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.