Public Employees Retirement System of Ohio Sells 10,030 Shares of NextEra Energy, Inc. $NEE

Key Points

• The Public Employees Retirement System of Ohio reduced its stake in NextEra Energy, Inc. by 1.2%, now holding 841,129 shares valued at approximately $58.39 million.
• Insider sales at NextEra include EVP Michael Dunne selling 10,000 shares for around $707,900 and Treasurer James Michael May selling 2,177 shares for $168,717.50, marking decreases in their positions.
• NextEra Energy declared a quarterly dividend of $0.5665 per share, resulting in an annualized dividend yield of 3.1% and a payout ratio of 79.02%.

Public Employees Retirement System of Ohio decreased its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 1.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 841,129 shares of the utilities provider's stock after selling 10,030 shares during the period. Public Employees Retirement System of Ohio's holdings in NextEra Energy were worth $58,391,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of NextEra Energy by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider's stock worth $14,697,086,000 after buying an additional 2,025,193 shares during the last quarter. Northern Trust Corp increased its holdings in shares of NextEra Energy by 1.1% in the 1st quarter. Northern Trust Corp now owns 23,353,245 shares of the utilities provider's stock worth $1,655,512,000 after buying an additional 262,819 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of NextEra Energy by 6.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 21,269,146 shares of the utilities provider's stock worth $1,507,770,000 after buying an additional 1,336,259 shares during the last quarter. GQG Partners LLC increased its holdings in shares of NextEra Energy by 58.4% in the 1st quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider's stock worth $1,221,896,000 after buying an additional 6,352,798 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of NextEra Energy by 20.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider's stock worth $1,165,748,000 after buying an additional 2,815,629 shares during the last quarter. Institutional investors own 78.72% of the company's stock.

Insider Activity

In other NextEra Energy news, EVP Michael Dunne sold 10,000 shares of the stock in a transaction on Monday, September 8th. The shares were sold at an average price of $70.79, for a total transaction of $707,900.00. Following the completion of the sale, the executive vice president owned 62,064 shares of the company's stock, valued at $4,393,510.56. This represents a 13.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Treasurer James Michael May sold 2,177 shares of the firm's stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the sale, the treasurer directly owned 27,662 shares of the company's stock, valued at approximately $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,523 shares of company stock worth $1,476,245. 0.18% of the stock is currently owned by corporate insiders.

NextEra Energy Trading Down 0.1%

Shares of NEE opened at $72.27 on Wednesday. The stock has a market capitalization of $148.81 billion, a P/E ratio of 25.27, a PEG ratio of 2.49 and a beta of 0.65. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. The firm has a fifty day simple moving average of $72.66 and a two-hundred day simple moving average of $71.07. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.04. The business had revenue of $6.70 billion during the quarter, compared to analysts' expectations of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The firm's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.96 EPS. On average, research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were given a dividend of $0.5665 per share. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $2.27 annualized dividend and a yield of 3.1%. NextEra Energy's dividend payout ratio is presently 79.02%.

Analysts Set New Price Targets

NEE has been the topic of a number of research analyst reports. Melius initiated coverage on shares of NextEra Energy in a report on Wednesday, August 20th. They issued a "buy" rating and a $77.00 price target on the stock. JPMorgan Chase & Co. increased their target price on shares of NextEra Energy from $86.00 to $87.00 and gave the company an "overweight" rating in a report on Friday, August 22nd. HSBC reduced their target price on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a report on Friday, July 11th. BMO Capital Markets increased their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Finally, Barclays increased their target price on shares of NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $84.00.

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.

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