Public Employees Retirement Association of Colorado Trims Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Public Employees Retirement Association of Colorado reduced its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 285,112 shares of the utilities provider’s stock after selling 7,663 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in NextEra Energy were worth $20,189,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. M&G Plc bought a new position in NextEra Energy during the 1st quarter worth about $303,065,000. Zimmer Partners LP lifted its position in shares of NextEra Energy by 8,447.5% in the 1st quarter. Zimmer Partners LP now owns 2,735,200 shares of the utilities provider’s stock worth $174,807,000 after purchasing an additional 2,703,200 shares during the period. State of Michigan Retirement System lifted its position in shares of NextEra Energy by 400.7% in the 1st quarter. State of Michigan Retirement System now owns 2,812,198 shares of the utilities provider’s stock worth $179,728,000 after purchasing an additional 2,250,500 shares during the period. Raymond James & Associates increased its holdings in NextEra Energy by 57.0% during the second quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock valued at $421,831,000 after buying an additional 2,163,437 shares during the period. Finally, Capital World Investors bought a new position in NextEra Energy in the fourth quarter worth approximately $114,953,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NEE opened at $82.76 on Friday. The stock has a 50-day moving average of $78.33 and a two-hundred day moving average of $72.22. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49. The stock has a market cap of $170.03 billion, a P/E ratio of 22.55, a P/E/G ratio of 3.03 and a beta of 0.56. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $85.56.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The firm had revenue of $6.07 billion for the quarter, compared to analyst estimates of $7.29 billion. During the same quarter in the prior year, the firm earned $0.88 earnings per share. As a group, research analysts predict that NextEra Energy, Inc. will post 3.39 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a dividend of $0.515 per share. The ex-dividend date was Friday, August 30th. This represents a $2.06 annualized dividend and a dividend yield of 2.49%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the sale, the executive vice president now directly owns 100 shares of the company’s stock, valued at $7,697. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Jefferies Financial Group assumed coverage on NextEra Energy in a research report on Thursday. They set a “hold” rating and a $87.00 target price on the stock. Bank of America raised their price objective on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Morgan Stanley boosted their target price on shares of NextEra Energy from $85.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. Mizuho cut shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price target on the stock. in a report on Wednesday, June 12th. Finally, Barclays boosted their price objective on shares of NextEra Energy from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Friday, August 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $81.87.

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.