NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems cut its stake in NextEra Energy, Inc. (NYSE:NEE) by 7.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 143,130 shares of the utilities provider’s stock after selling 11,692 shares during the quarter. Kentucky Retirement Systems’ holdings in NextEra Energy were worth $12,099,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Reston Wealth Management LLC purchased a new position in shares of NextEra Energy in the third quarter valued at $27,000. Semmax Financial Advisors Inc. boosted its holdings in NextEra Energy by 197.4% in the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 225 shares during the period. Proffitt & Goodson Inc. increased its stake in NextEra Energy by 64.0% during the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 144 shares during the last quarter. Valley Wealth Managers Inc. acquired a new stake in shares of NextEra Energy during the second quarter worth $33,000. Finally, Maryland Capital Advisors Inc. bought a new position in shares of NextEra Energy in the 3rd quarter worth about $39,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Activity at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the transaction, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.18% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NEE shares. Barclays boosted their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Bank of America upped their price objective on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. JPMorgan Chase & Co. increased their target price on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, BMO Capital Markets lifted their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, NextEra Energy currently has a consensus rating of “Hold” and an average target price of $86.54.

NextEra Energy Stock Performance

Shares of NEE opened at $76.33 on Friday. The company has a 50-day moving average of $81.53 and a two-hundred day moving average of $77.41. The stock has a market cap of $156.97 billion, a price-to-earnings ratio of 22.58, a PEG ratio of 2.68 and a beta of 0.57. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The business had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. During the same quarter in the prior year, the firm earned $0.94 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. On average, equities research analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.515 per share. The ex-dividend date is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.70%. NextEra Energy’s dividend payout ratio is 60.95%.

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.