Public Sector Pension Investment Board Increases Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Public Sector Pension Investment Board lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 358,640 shares of the utilities provider’s stock after buying an additional 10,200 shares during the quarter. Public Sector Pension Investment Board’s holdings in NextEra Energy were worth $30,316,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. LRI Investments LLC purchased a new position in NextEra Energy during the 1st quarter worth approximately $184,000. Atria Investments Inc grew its position in shares of NextEra Energy by 2.3% during the first quarter. Atria Investments Inc now owns 128,417 shares of the utilities provider’s stock worth $8,207,000 after acquiring an additional 2,935 shares during the last quarter. Orleans Capital Management Corp LA increased its holdings in shares of NextEra Energy by 9.9% in the 1st quarter. Orleans Capital Management Corp LA now owns 45,588 shares of the utilities provider’s stock valued at $2,914,000 after acquiring an additional 4,090 shares during the period. Beck Bode LLC raised its position in NextEra Energy by 13.1% in the 1st quarter. Beck Bode LLC now owns 182,690 shares of the utilities provider’s stock valued at $11,676,000 after purchasing an additional 21,133 shares during the last quarter. Finally, Cedar Point Capital Partners LLC acquired a new stake in NextEra Energy during the 1st quarter worth $316,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Nicole J. Daggs sold 4,007 shares of the company’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 owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on NEE shares. Wells Fargo & Company lifted their price objective on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research note on Tuesday, September 3rd. JPMorgan Chase & Co. boosted their price target on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Dbs Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Bank of America boosted their target price on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Finally, BMO Capital Markets increased their price target on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $86.85.

NextEra Energy Stock Up 1.3 %

Shares of NYSE NEE opened at $78.54 on Thursday. The firm’s 50-day moving average is $80.48 and its two-hundred day moving average is $77.79. The company has a market capitalization of $161.50 billion, a PE ratio of 23.24, a price-to-earnings-growth ratio of 2.77 and a beta of 0.57. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. 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 (NYSE:NEE) last announced its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. The firm had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. NextEra Energy’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.94 EPS. Equities analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be issued a $0.515 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a yield of 2.62%. NextEra Energy’s dividend payout ratio (DPR) is 60.95%.

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.