California Public Employees Retirement System Sells 2,328,061 Shares of NextEra Energy, Inc. $NEE

California Public Employees Retirement System lessened its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 32.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,860,593 shares of the utilities provider’s stock after selling 2,328,061 shares during the quarter. California Public Employees Retirement System owned about 0.23% of NextEra Energy worth $366,926,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in NEE. Tripletail Wealth Management LLC bought a new position in shares of NextEra Energy during the 3rd quarter valued at approximately $25,000. Goodman Advisory Group LLC purchased a new position in shares of NextEra Energy in the second quarter valued at $25,000. Howard Hughes Medical Institute bought a new stake in NextEra Energy in the second quarter worth $31,000. Abound Wealth Management increased its position in NextEra Energy by 108.2% in the third quarter. Abound Wealth Management now owns 456 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 237 shares during the last quarter. Finally, Rexford Capital Inc. purchased a new stake in NextEra Energy during the second quarter valued at $34,000. Institutional investors own 78.72% of the company’s stock.

Insider Activity

In related news, EVP Terrell Kirk Crews II sold 19,672 shares of the business’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $90.27, for a total transaction of $1,775,791.44. Following the completion of the transaction, the executive vice president owned 73,857 shares in the company, valued at $6,667,071.39. The trade was a 21.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ronald R. Reagan sold 18,620 shares of the business’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total value of $1,675,800.00. Following the transaction, the executive vice president owned 9,643 shares of the company’s stock, valued at approximately $867,870. The trade was a 65.88% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 185,882 shares of company stock valued at $16,616,757. 0.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have commented on NEE shares. Wolfe Research increased their price objective on shares of NextEra Energy from $87.00 to $94.00 and gave the company an “outperform” rating in a research report on Monday, December 1st. Erste Group Bank upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a report on Wednesday, February 18th. Seaport Research Partners reduced their target price on shares of NextEra Energy from $56.00 to $55.00 and set a “sell” rating on the stock in a report on Monday, February 2nd. The Goldman Sachs Group increased their price target on shares of NextEra Energy from $94.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $106.00 price target on shares of NextEra Energy in a research report on Friday, February 20th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $94.16.

NextEra Energy Trading Up 1.2%

Shares of NEE opened at $92.81 on Friday. The company’s fifty day simple moving average is $88.42 and its 200-day simple moving average is $82.89. The company has a market cap of $193.38 billion, a P/E ratio of 28.21 and a beta of 0.76. 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 twelve month low of $61.72 and a twelve month high of $95.91.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The firm had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $7.07 billion. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The firm’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.53 EPS. As a group, analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

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

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.