Railway Pension Investments Ltd Has $85.99 Million Stock Position in NextEra Energy, Inc. $NEE

Railway Pension Investments Ltd lessened its holdings in NextEra Energy, Inc. (NYSE:NEE) by 6.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,238,632 shares of the utilities provider’s stock after selling 82,600 shares during the period. NextEra Energy accounts for about 1.2% of Railway Pension Investments Ltd’s investment portfolio, making the stock its 28th biggest holding. Railway Pension Investments Ltd owned approximately 0.06% of NextEra Energy worth $85,986,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of NEE. Daymark Wealth Partners LLC boosted its stake in shares of NextEra Energy by 6.5% in the 2nd quarter. Daymark Wealth Partners LLC now owns 45,015 shares of the utilities provider’s stock valued at $3,125,000 after purchasing an additional 2,767 shares in the last quarter. Avity Investment Management Inc. lifted its holdings in NextEra Energy by 1.7% during the 2nd quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider’s stock valued at $35,162,000 after purchasing an additional 8,565 shares during the last quarter. Dillon & Associates Inc. boosted its position in NextEra Energy by 8.4% in the second quarter. Dillon & Associates Inc. now owns 68,246 shares of the utilities provider’s stock valued at $4,709,000 after buying an additional 5,261 shares in the last quarter. Soltis Investment Advisors LLC grew its stake in NextEra Energy by 171.1% during the second quarter. Soltis Investment Advisors LLC now owns 12,114 shares of the utilities provider’s stock worth $841,000 after buying an additional 7,645 shares during the last quarter. Finally, Integrity Alliance LLC. grew its stake in NextEra Energy by 41.8% during the first quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider’s stock worth $1,779,000 after buying an additional 7,401 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Armando Pimentel, Jr. sold 145,140 shares of NextEra Energy stock in a transaction on Monday, November 17th. The stock was sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the completion of the sale, the chief executive officer directly owned 162,693 shares of the company’s stock, valued at $13,651,569.63. The trade was a 47.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Charles E. Sieving sold 11,336 shares of the stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the transaction, the executive vice president directly owned 167,481 shares in the company, valued at $13,398,480. The trade was a 6.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 168,168 shares of company stock valued at $13,917,670 over the last 90 days. Company insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

NEE has been the subject of a number of research analyst reports. Jefferies Financial Group reissued a “hold” rating and issued a $85.00 target price (up from $77.00) on shares of NextEra Energy in a report on Tuesday, October 14th. UBS Group reiterated a “buy” rating and issued a $96.00 price objective (up previously from $84.00) on shares of NextEra Energy in a research report on Wednesday, October 29th. Mizuho boosted their price objective on NextEra Energy from $78.00 to $88.00 and gave the stock a “neutral” rating in a research note on Monday, October 27th. New Street Research set a $84.00 target price on NextEra Energy in a research note on Monday, October 13th. Finally, Wolfe Research cut their price target on NextEra Energy from $94.00 to $87.00 and set an “outperform” rating for the company in a report on Thursday, November 13th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and an average price target of $90.63.

NextEra Energy Stock Up 0.7%

Shares of NYSE NEE opened at $86.13 on Friday. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $87.53. The firm’s 50-day moving average is $82.33 and its 200-day moving average is $75.82. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $179.36 billion, a PE ratio of 27.43, a price-to-earnings-growth ratio of 2.76 and a beta of 0.69.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.09. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The business had revenue of $7.97 billion for the quarter, compared to analyst estimates of $8.13 billion. During the same period in the prior year, the business posted $1.03 earnings per share. NextEra Energy’s revenue was up 5.3% compared to the same quarter last year. Equities analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be given a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Friday, November 21st. NextEra Energy’s dividend payout ratio (DPR) is currently 71.97%.

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.