Teachers Retirement System of The State of Kentucky Sells 4,200 Shares of NextEra Energy, Inc. (NEE)
Teachers Retirement System of The State of Kentucky lowered its stake in NextEra Energy, Inc. (NYSE:NEE) by 4.3% during the first quarter, Holdings Channel reports. The firm owned 92,910 shares of the utilities provider’s stock after selling 4,200 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in NextEra Energy were worth $11,927,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the company. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in NextEra Energy by 8.9% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock valued at $112,000 after buying an additional 71 shares during the period. Pinnacle Bank bought a new position in NextEra Energy during the first quarter valued at approximately $161,000. Norway Savings Bank raised its position in NextEra Energy by 1.4% in the first quarter. Norway Savings Bank now owns 1,344 shares of the utilities provider’s stock valued at $172,000 after buying an additional 18 shares during the period. Baystate Wealth Management LLC raised its position in NextEra Energy by 49.4% in the first quarter. Baystate Wealth Management LLC now owns 1,333 shares of the utilities provider’s stock valued at $174,000 after buying an additional 441 shares during the period. Finally, Ruggie Capital Group bought a new position in NextEra Energy during the first quarter valued at approximately $191,000. 76.84% of the stock is currently owned by hedge funds and other institutional investors.
NextEra Energy, Inc. (NEE) traded up 0.38% during midday trading on Tuesday, reaching $148.62. The company’s stock had a trading volume of 250,783 shares. The firm has a market capitalization of $69.74 billion, a PE ratio of 17.02 and a beta of 0.32. The stock has a 50 day moving average of $143.51 and a 200 day moving average of $135.51. NextEra Energy, Inc. has a 52 week low of $110.49 and a 52 week high of $148.62.
NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.10. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The firm had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same quarter in the prior year, the company earned $1.67 EPS. The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year. On average, equities research analysts predict that NextEra Energy, Inc. will post $6.72 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be paid a dividend of $0.9825 per share. The ex-dividend date is Wednesday, August 23rd. This represents a $3.93 annualized dividend and a yield of 2.65%. NextEra Energy’s payout ratio is 45.02%.
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Several research firms recently commented on NEE. Goldman Sachs Group, Inc. (The) began coverage on NextEra Energy in a research report on Monday, July 24th. They set a “buy” rating and a $160.00 price target on the stock. BidaskClub raised NextEra Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Royal Bank Of Canada reissued an “outperform” rating and set a $147.00 price target (up from $144.00) on shares of NextEra Energy in a research report on Sunday, July 9th. Morgan Stanley boosted their price target on NextEra Energy from $161.00 to $162.00 and gave the stock an “overweight” rating in a research report on Monday, May 8th. Finally, Wells Fargo & Company reissued an “outperform” rating and set a $158.00 price target (up from $150.00) on shares of NextEra Energy in a research report on Monday, June 19th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $148.64.
In related news, Director James L. Robo sold 52,320 shares of the stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $136.48, for a total transaction of $7,140,633.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Eric E. Silagy sold 8,111 shares of the stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $140.58, for a total value of $1,140,244.38. Following the sale, the director now owns 26,884 shares of the company’s stock, valued at approximately $3,779,352.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 90,431 shares of company stock valued at $12,692,378. 0.53% of the stock is owned by corporate insiders.
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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