Teachers Retirement System of The State of Kentucky Has $26.49 Million Holdings in NextEra Energy, Inc. $NEE

Teachers Retirement System of The State of Kentucky increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 11.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 350,962 shares of the utilities provider’s stock after acquiring an additional 35,200 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in NextEra Energy were worth $26,494,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in NEE. Goodman Advisory Group LLC acquired a new position in NextEra Energy during the second quarter valued at approximately $25,000. Tripletail Wealth Management LLC acquired a new stake in shares of NextEra Energy in the third quarter worth $25,000. Howard Hughes Medical Institute bought a new stake in shares of NextEra Energy during the 2nd quarter worth $31,000. Rexford Capital Inc. acquired a new position in NextEra Energy in the 2nd quarter valued at $34,000. Finally, Abound Wealth Management grew its stake in NextEra Energy by 108.2% in the 3rd quarter. Abound Wealth Management now owns 456 shares of the utilities provider’s stock valued at $34,000 after buying an additional 237 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Barclays boosted their target price on shares of NextEra Energy from $84.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. Erste Group Bank raised NextEra Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, February 18th. Argus set a $92.00 target price on NextEra Energy and gave the company a “buy” rating in a research note on Wednesday, January 28th. Mizuho set a $90.00 price target on NextEra Energy and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Finally, UBS Group set a $91.00 price target on NextEra Energy and gave the stock a “buy” rating in a report on Wednesday, December 17th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $93.47.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $92.58 on Tuesday. The firm has a market capitalization of $192.89 billion, a PE ratio of 28.14 and a beta of 0.75. The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $95.91. The business’s 50 day moving average is $86.34 and its 200-day moving average is $81.92.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The business had revenue of $6.50 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same period in the prior year, the company posted $0.53 earnings per share. NextEra Energy’s revenue was up 20.7% on a year-over-year basis. Sell-side analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be given a dividend of $0.6232 per share. This is a boost from NextEra Energy’s previous quarterly dividend of $0.57. The ex-dividend date is Friday, February 27th. This represents a $2.49 annualized dividend and a dividend yield of 2.7%. NextEra Energy’s dividend payout ratio is 75.68%.

Insider Buying and Selling at NextEra Energy

In related news, CEO John W. Ketchum sold 99,603 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $89.34, for a total transaction of $8,898,532.02. Following the sale, the chief executive officer directly owned 305,933 shares in the company, valued at $27,332,054.22. This represents a 24.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ronald R. Reagan sold 18,620 shares of the stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total value of $1,675,800.00. Following the sale, the executive vice president owned 9,643 shares in the company, valued at $867,870. The trade was a 65.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 159,049 shares of company stock valued at $14,194,542. 0.18% of the stock is currently owned by company insiders.

About NextEra Energy

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.