Teachers Retirement System of The State of Kentucky Has $19.11 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Teachers Retirement System of The State of Kentucky raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 2.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 269,604 shares of the utilities provider's stock after acquiring an additional 6,665 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in NextEra Energy were worth $19,112,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NEE. Brighton Jones LLC raised its position in NextEra Energy by 7.0% in the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock valued at $2,028,000 after purchasing an additional 1,840 shares during the last quarter. Revolve Wealth Partners LLC raised its position in NextEra Energy by 6.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock valued at $348,000 after purchasing an additional 298 shares during the last quarter. Millstone Evans Group LLC purchased a new stake in NextEra Energy in the 4th quarter valued at $179,000. Summit Global Investments purchased a new stake in NextEra Energy in the 4th quarter valued at $223,000. Finally, Hillsdale Investment Management Inc. purchased a new stake in NextEra Energy in the 4th quarter valued at $130,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Down 1.0%

Shares of NextEra Energy stock traded down $0.70 during trading on Thursday, hitting $72.12. 4,454,034 shares of the stock traded hands, compared to its average volume of 12,279,716. The stock has a market cap of $148.46 billion, a P/E ratio of 27.01, a PEG ratio of 2.73 and a beta of 0.67. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.45 and a current ratio of 0.55. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The company has a fifty day moving average price of $72.35 and a two-hundred day moving average price of $70.42.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The business had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The firm's revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business earned $0.96 EPS. Equities research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.14%. NextEra Energy's dividend payout ratio is presently 84.64%.

Insider Buying and Selling

In related news, EVP Charles E. Sieving sold 23,684 shares of the business's stock in a transaction 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 sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of the business's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the sale, the treasurer directly owned 27,662 shares in the company, valued at approximately $2,143,805. This represents a 7.30% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.20% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NEE. JPMorgan Chase & Co. dropped their price objective on shares of NextEra Energy from $86.00 to $82.00 in a research note on Thursday, July 3rd. BMO Capital Markets boosted their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a research note on Monday. Wells Fargo & Company dropped their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. HSBC dropped their price objective on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a research note on Friday, July 11th. Finally, UBS Group decreased their price objective on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $84.42.

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.