Teacher Retirement System of Texas cut its position in NextEra Energy Inc. (NYSE:NEE) by 5.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 267,302 shares of the company’s stock after selling 15,181 shares during the period. Teacher Retirement System of Texas owned approximately 0.06% of NextEra Energy worth $32,696,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in NEE. Schulhoff & Co. Inc. increased its position in NextEra Energy by 8.5% in the second quarter. Schulhoff & Co. Inc. now owns 2,432 shares of the company’s stock worth $317,000 after buying an additional 190 shares in the last quarter. Wright Investors Service Inc. increased its position in NextEra Energy by 8.7% in the second quarter. Wright Investors Service Inc. now owns 15,121 shares of the company’s stock worth $1,972,000 after buying an additional 1,215 shares in the last quarter. Willingdon Wealth Management increased its position in NextEra Energy by 8.7% in the third quarter. Willingdon Wealth Management now owns 5,000 shares of the company’s stock worth $611,000 after buying an additional 400 shares in the last quarter. Badgley Phelps & Bell Inc. increased its position in NextEra Energy by 2.5% in the second quarter. Badgley Phelps & Bell Inc. now owns 86,814 shares of the company’s stock worth $11,321,000 after buying an additional 2,124 shares in the last quarter. Finally, CIBC World Markets Inc. increased its position in NextEra Energy by 640.5% in the second quarter. CIBC World Markets Inc. now owns 27,887 shares of the company’s stock worth $3,636,000 after buying an additional 24,121 shares in the last quarter. Hedge funds and other institutional investors own 72.53% of the company’s stock.

Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

Shares of NextEra Energy Inc. (NYSE:NEE) traded down 1.54% on Wednesday, reaching $115.46. The company had a trading volume of 430,914 shares. The firm has a market capitalization of $53.95 billion, a price-to-earnings ratio of 21.82 and a beta of 0.26. The company’s 50-day moving average price is $120.86 and its 200-day moving average price is $123.62. NextEra Energy Inc. has a 52-week low of $96.19 and a 52-week high of $131.98.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Monday, October 31st. The company reported $1.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.67 by $0.07. The firm had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.87 billion. NextEra Energy had a return on equity of 11.90% and a net margin of 14.74%. During the same quarter in the previous year, the firm earned $1.60 EPS. On average, analysts predict that NextEra Energy Inc. will post $6.21 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Friday, November 25th will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend is Tuesday, November 22nd. NextEra Energy’s payout ratio is presently 66.29%.

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A number of brokerages have issued reports on NEE. Deutsche Bank AG cut NextEra Energy from a “buy” rating to a “hold” rating and set a $131.00 target price for the company. in a research report on Friday, September 23rd. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, November 23rd. Bank of America Corp. reaffirmed a “buy” rating and set a $149.00 target price on shares of NextEra Energy in a research report on Tuesday, September 27th. Finally, Mizuho reaffirmed a “buy” rating and set a $138.00 target price on shares of NextEra Energy in a research report on Friday, October 7th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $129.08.

In related news, EVP Charles E. Sieving sold 24,927 shares of the business’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $123.55, for a total transaction of $3,079,730.85. Following the transaction, the executive vice president now directly owns 47,189 shares of the company’s stock, valued at approximately $5,830,200.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 5,022 shares of the business’s stock in a transaction that occurred on Thursday, November 3rd. The stock was sold at an average price of $123.70, for a total value of $621,221.40. Following the transaction, the chief executive officer now directly owns 72,165 shares in the company, valued at $8,926,810.50. The disclosure for this sale can be found here. Corporate 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.

5 Day Chart for NYSE:NEE

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