Teacher Retirement System of Texas Trims Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Teacher Retirement System of Texas cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 71.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 121,235 shares of the utilities provider’s stock after selling 307,212 shares during the period. Teacher Retirement System of Texas’ holdings in NextEra Energy were worth $8,691,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Boston Partners purchased a new position in shares of NextEra Energy during the 4th quarter worth approximately $244,169,000. Amundi raised its stake in shares of NextEra Energy by 49.8% during the 4th quarter. Amundi now owns 9,543,552 shares of the utilities provider’s stock worth $676,008,000 after buying an additional 3,172,405 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of NextEra Energy by 20.9% during the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock worth $634,703,000 after buying an additional 1,525,436 shares in the last quarter. National Bank of Canada FI raised its stake in shares of NextEra Energy by 167.7% during the 3rd quarter. National Bank of Canada FI now owns 2,186,225 shares of the utilities provider’s stock worth $184,795,000 after buying an additional 1,369,689 shares in the last quarter. Finally, Proficio Capital Partners LLC raised its stake in shares of NextEra Energy by 13,375.2% during the 4th quarter. Proficio Capital Partners LLC now owns 946,231 shares of the utilities provider’s stock worth $67,835,000 after buying an additional 939,209 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the sale, the chief accounting officer now owns 27,427 shares in the company, valued at $1,867,504.43. This trade represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NEE. Evercore ISI cut their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research note on Monday, January 27th. Jefferies Financial Group cut their target price on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Scotiabank raised their price objective on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Guggenheim reaffirmed a “buy” rating and issued a $89.00 price objective on shares of NextEra Energy in a research note on Thursday. Finally, BMO Capital Markets raised their price objective on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $85.92.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $70.92 on Friday. The business’s fifty day moving average price is $70.62 and its two-hundred day moving average price is $75.53. The stock has a market cap of $145.87 billion, a PE ratio of 21.04, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. NextEra Energy, Inc. has a one year low of $61.30 and a one year high of $86.10.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. On average, analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a dividend of $0.5665 per share. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date was Friday, February 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.20%. NextEra Energy’s dividend payout ratio (DPR) is 67.06%.

About NextEra Energy

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.