Arizona State Retirement System Increases Position in NextEra Energy, Inc. (NYSE:NEE)
Arizona State Retirement System increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 185,044 shares of the utilities provider’s stock after buying an additional 1,200 shares during the period. Arizona State Retirement System’s holdings in NextEra Energy were worth $23,754,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of NEE. Whalerock Point Partners LLC raised its stake in NextEra Energy by 12.5% in the fourth quarter. Whalerock Point Partners LLC now owns 5,400 shares of the utilities provider’s stock worth $645,000 after buying an additional 600 shares during the last quarter. M Holdings Securities Inc. raised its stake in NextEra Energy by 1.6% in the fourth quarter. M Holdings Securities Inc. now owns 3,739 shares of the utilities provider’s stock worth $447,000 after buying an additional 58 shares during the last quarter. Teachers Advisors LLC raised its stake in NextEra Energy by 1.4% in the fourth quarter. Teachers Advisors LLC now owns 1,738,140 shares of the utilities provider’s stock worth $207,638,000 after buying an additional 23,628 shares during the last quarter. Kentucky Retirement Systems acquired a new stake in NextEra Energy during the fourth quarter worth approximately $4,051,000. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in NextEra Energy during the fourth quarter worth approximately $1,807,000. 76.84% of the stock is owned by institutional investors.
NextEra Energy, Inc. (NEE) traded up 0.89% during trading on Friday, reaching $149.93. The company had a trading volume of 1,438,701 shares. The firm has a market capitalization of $70.35 billion, a P/E ratio of 17.17 and a beta of 0.32. NextEra Energy, Inc. has a 52 week low of $110.49 and a 52 week high of $150.60. The stock has a 50 day moving average price of $144.37 and a 200 day moving average price of $136.10.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.10. The company had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.44 billion. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same period last year, the firm earned $1.67 EPS. Analysts predict that NextEra Energy, Inc. will post $6.72 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be paid a dividend of $0.9825 per share. This represents a $3.93 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Wednesday, August 23rd. NextEra Energy’s payout ratio is currently 45.02%.
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A number of analysts have commented on the company. BidaskClub raised NextEra Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Morgan Stanley raised their price target on NextEra Energy from $163.00 to $167.00 and gave the stock an “overweight” rating in a research note on Thursday, August 10th. Royal Bank Of Canada restated an “outperform” rating and issued a $147.00 price target (up from $144.00) on shares of NextEra Energy in a research note on Sunday, July 9th. Wells Fargo & Company restated an “outperform” rating and issued a $158.00 price target (up from $150.00) on shares of NextEra Energy in a research note on Monday, June 19th. Finally, BMO Capital Markets restated a “buy” rating and issued a $156.00 price target (up from $144.00) on shares of NextEra Energy in a research note on Friday, June 23rd. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. NextEra Energy currently has a consensus rating of “Buy” and a consensus target price of $148.64.
In other news, Director James L. Robo sold 30,000 shares of the stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $147.05, for a total transaction of $4,411,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Eric E. Silagy sold 8,111 shares of the stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $140.58, for a total transaction of $1,140,244.38. Following the sale, the director now directly owns 26,884 shares in the company, valued at $3,779,352.72. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company’s stock.
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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