Teachers Retirement System of The State of Kentucky trimmed its stake in NextEra Energy, Inc. (NYSE:NEE) by 1.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 91,160 shares of the utilities provider’s stock after selling 1,750 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in NextEra Energy were worth $12,774,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Hanson McClain Inc. raised its stake in shares of NextEra Energy by 6.0% during the second quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock valued at $107,000 after purchasing an additional 43 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in shares of NextEra Energy by 8.9% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock valued at $112,000 after purchasing an additional 71 shares in the last quarter. Highstreet Asset Management Inc. bought a new stake in shares of NextEra Energy during the second quarter valued at about $134,000. Pacific Center for Financial Services grew its holdings in NextEra Energy by 50.1% during the second quarter. Pacific Center for Financial Services now owns 1,139 shares of the utilities provider’s stock worth $160,000 after acquiring an additional 380 shares during the period. Finally, Manchester Capital Management LLC grew its holdings in NextEra Energy by 20.5% during the second quarter. Manchester Capital Management LLC now owns 1,233 shares of the utilities provider’s stock worth $173,000 after acquiring an additional 210 shares during the period. Institutional investors own 75.23% of the company’s stock.
A number of research analysts recently issued reports on NEE shares. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $165.00 target price on the stock in a report on Tuesday, October 10th. KeyCorp reissued a “buy” rating and issued a $155.00 price target on shares of NextEra Energy in a research note on Thursday, October 12th. BidaskClub raised NextEra Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Goldman Sachs Group, Inc. (The) began coverage on NextEra Energy in a research note on Monday, July 24th. They issued a “buy” rating and a $160.00 price target on the stock. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $156.00 target price on shares of NextEra Energy in a research note on Tuesday, November 7th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $155.38.
Shares of NextEra Energy, Inc. (NEE) traded up $1.62 during trading hours on Tuesday, reaching $156.78. The company’s stock had a trading volume of 1,000,000 shares, compared to its average volume of 1,691,640. NextEra Energy, Inc. has a 52-week low of $110.49 and a 52-week high of $157.00. The company has a market capitalization of $72,986.90, a PE ratio of 23.26, a price-to-earnings-growth ratio of 3.09 and a beta of 0.31. The company has a quick ratio of 0.49, a current ratio of 0.61 and a debt-to-equity ratio of 1.11.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.08. The firm had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $4.89 billion. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The business’s revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.74 earnings per share. equities research analysts forecast that NextEra Energy, Inc. will post 6.73 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be paid a $0.9825 dividend. This represents a $3.93 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio is currently 44.16%.
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In other NextEra Energy news, Director James L. Robo sold 30,000 shares of the stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $151.52, for a total value of $4,545,600.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Charles E. Sieving sold 30,485 shares of the stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $146.56, for a total value of $4,467,881.60. Following the completion of the transaction, the executive vice president now directly owns 78,167 shares in the company, valued at approximately $11,456,155.52. The disclosure for this sale can be found here. In the last three months, insiders sold 65,385 shares of company stock worth $9,748,482. Insiders own 0.53% of the company’s stock.
About NextEra Energy
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.
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