Public Employees Retirement Association of Colorado Has $52,729,000 Stake in NextEra Energy Inc. (NEE)
Public Employees Retirement Association of Colorado reduced its position in NextEra Energy Inc. (NYSE:NEE) by 1.1% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 404,365 shares of the company’s stock after selling 4,323 shares during the period. Public Employees Retirement Association of Colorado owned about 0.09% of NextEra Energy worth $52,729,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Riggs Asset Managment Co. Inc. raised its position in NextEra Energy by 378.8% in the second quarter. Riggs Asset Managment Co. Inc. now owns 948 shares of the company’s stock valued at $124,000 after buying an additional 750 shares during the last quarter. Cribstone Capital Management LLC acquired a new position in NextEra Energy during the second quarter valued at approximately $149,000. Vigilant Capital Management LLC raised its position in NextEra Energy by 121.9% in the second quarter. Vigilant Capital Management LLC now owns 1,238 shares of the company’s stock valued at $161,000 after buying an additional 680 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in NextEra Energy during the second quarter valued at approximately $176,000. Finally, Winslow Evans & Crocker Inc. raised its position in NextEra Energy by 9.2% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,376 shares of the company’s stock valued at $179,000 after buying an additional 116 shares during the last quarter. 74.51% of the stock is owned by institutional investors.
Shares of NextEra Energy Inc. (NYSE:NEE) traded up 0.67% on Monday, reaching $122.55. The company had a trading volume of 1,194,130 shares. The company has a 50-day moving average price of $123.40 and a 200-day moving average price of $122.68. NextEra Energy Inc. has a 52-week low of $96.19 and a 52-week high of $131.98. The firm has a market capitalization of $56.61 billion, a PE ratio of 21.93 and a beta of 0.28.
NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 27th. The company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.10. NextEra Energy had a return on equity of 11.82% and a net margin of 15.36%. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same period last year, the business earned $1.56 earnings per share. The firm’s revenue for the quarter was down 12.4% compared to the same quarter last year. Equities research analysts forecast that NextEra Energy Inc. will post $6.20 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Tuesday, August 30th were paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend was Friday, August 26th. NextEra Energy’s dividend payout ratio is 62.59%.
Several equities analysts recently commented on the company. Zacks Investment Research lowered NextEra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Morgan Stanley assumed coverage on NextEra Energy in a research note on Wednesday, June 29th. They issued a “hold” rating and a $146.00 target price for the company. Bank of America Corp. reiterated a “buy” rating and issued a $149.00 target price on shares of NextEra Energy in a research note on Tuesday, September 27th. Mizuho upped their target price on NextEra Energy from $125.00 to $138.00 and gave the company a “buy” rating in a research note on Monday, July 18th. Finally, Deutsche Bank AG lowered NextEra Energy from a “buy” rating to a “hold” rating and set a $131.00 target price for the company. in a research note on Friday, September 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. NextEra Energy currently has a consensus rating of “Buy” and an average price target of $129.26.
In other NextEra Energy news, VP Chris N. Froggatt sold 16,467 shares of the firm’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $127.61, for a total transaction of $2,101,353.87. Following the completion of the transaction, the vice president now owns 22,916 shares in the company, valued at $2,924,310.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.66% of the company’s stock.
NextEra Energy Company Profile
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power company in North America with electric generating facilities located in over 30 states in the United States and approximately five provinces in Canada. NEE’s operating segments are FPL, an electric utility, and NEER, an energy business.
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