Teacher Retirement System of Texas Grows Position in NextEra Energy Inc (NEE)
Teacher Retirement System of Texas lifted its position in shares of NextEra Energy Inc (NYSE:NEE) by 7.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 578,088 shares of the utilities provider’s stock after purchasing an additional 39,401 shares during the quarter. Teacher Retirement System of Texas owned about 0.12% of NextEra Energy worth $84,719,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NEE. BlackRock Inc. raised its stake in NextEra Energy by 3,384.2% during the first quarter. BlackRock Inc. now owns 37,833,468 shares of the utilities provider’s stock valued at $4,856,682,000 after buying an additional 36,747,599 shares during the last quarter. Janus Henderson Group PLC raised its stake in NextEra Energy by 2,832.8% during the second quarter. Janus Henderson Group PLC now owns 1,800,376 shares of the utilities provider’s stock valued at $252,287,000 after buying an additional 1,738,989 shares during the last quarter. Vanguard Group Inc. raised its stake in NextEra Energy by 4.6% during the second quarter. Vanguard Group Inc. now owns 34,147,719 shares of the utilities provider’s stock valued at $4,785,120,000 after buying an additional 1,503,907 shares during the last quarter. Principal Financial Group Inc. raised its stake in NextEra Energy by 122.5% during the second quarter. Principal Financial Group Inc. now owns 1,479,209 shares of the utilities provider’s stock valued at $207,281,000 after buying an additional 814,478 shares during the last quarter. Finally, BT Investment Management Ltd purchased a new position in shares of NextEra Energy in the second quarter worth $96,214,000. Institutional investors own 75.63% of the company’s stock.
NEE has been the subject of several recent analyst reports. KeyCorp restated a “buy” rating and issued a $155.00 price target on shares of NextEra Energy in a research note on Friday, September 1st. Morgan Stanley boosted their price target on NextEra Energy from $167.00 to $169.00 and gave the stock an “overweight” rating in a research note on Friday, September 8th. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. Argus restated a “buy” rating and issued a $173.00 price target on shares of NextEra Energy in a research note on Tuesday. They noted that the move was a valuation call. Finally, J P Morgan Chase & Co initiated coverage on NextEra Energy in a research note on Thursday, September 7th. They issued an “overweight” rating and a $173.00 price target for the company. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $157.73.
Shares of NextEra Energy Inc (NYSE NEE) opened at $159.03 on Friday. NextEra Energy Inc has a fifty-two week low of $114.85 and a fifty-two week high of $159.28. The company has a current ratio of 0.61, a quick ratio of 0.49 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $74,407.49, a PE ratio of 23.72, a price-to-earnings-growth ratio of 3.16 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.77 by $0.08. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The business had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.89 billion. During the same quarter in the previous year, the company posted $1.74 earnings per share. NextEra Energy’s revenue for the quarter was up .1% on a year-over-year basis. equities research analysts expect that NextEra Energy Inc will post 6.73 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be issued a dividend of $0.9825 per share. This represents a $3.93 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio is presently 44.16%.
In other news, EVP John W. Ketchum sold 2,900 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $150.00, for a total value of $435,000.00. Following the completion of the transaction, the executive vice president now owns 18,786 shares of the company’s stock, valued at $2,817,900. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Joseph T. Kelliher sold 2,000 shares of the company’s stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $150.00, for a total value of $300,000.00. The disclosure for this sale can be found here. Insiders have sold 107,757 shares of company stock valued at $16,419,953 in the last three months. 0.53% of the stock is currently owned by corporate insiders.
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About NextEra Energy
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.
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