Retirement Systems of Alabama Sells 3,331 Shares of NextEra Energy, Inc. (NYSE:NEE)

Retirement Systems of Alabama cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 441,900 shares of the utilities provider’s stock after selling 3,331 shares during the quarter. Retirement Systems of Alabama’s holdings in NextEra Energy were worth $31,326,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in NEE. Tortoise Investment Management LLC grew its holdings in NextEra Energy by 8.3% during the 4th quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider’s stock worth $139,000 after acquiring an additional 149 shares during the last quarter. Anchor Capital Advisors LLC grew its holdings in NextEra Energy by 5.1% during the 4th quarter. Anchor Capital Advisors LLC now owns 3,105 shares of the utilities provider’s stock worth $223,000 after acquiring an additional 150 shares during the last quarter. Aspen Investment Management Inc grew its holdings in NextEra Energy by 1.0% during the 4th quarter. Aspen Investment Management Inc now owns 15,106 shares of the utilities provider’s stock worth $1,083,000 after acquiring an additional 151 shares during the last quarter. Cim LLC grew its holdings in NextEra Energy by 0.5% during the 4th quarter. Cim LLC now owns 33,434 shares of the utilities provider’s stock worth $2,397,000 after acquiring an additional 158 shares during the last quarter. Finally, Investment Partners LTD. grew its holdings in NextEra Energy by 4.9% during the 4th quarter. Investment Partners LTD. now owns 3,376 shares of the utilities provider’s stock worth $242,000 after acquiring an additional 159 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Up 0.1%

NextEra Energy stock opened at $71.61 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.32. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The firm’s fifty day moving average is $69.57 and its 200 day moving average is $70.32. The company has a market capitalization of $147.41 billion, a PE ratio of 26.82, a PEG ratio of 2.52 and a beta of 0.68.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.99. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The company had revenue of $6.25 billion for the quarter, compared to the consensus estimate of $6.58 billion. During the same quarter in the previous year, the company earned $0.91 EPS. NextEra Energy’s quarterly revenue was up 9.0% compared to the same quarter last year. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $0.5665 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.16%. NextEra Energy’s payout ratio is presently 85.02%.

Insiders Place Their Bets

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the company’s stock in a transaction on Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the transaction, the executive vice president now owns 196,817 shares in the company, valued at approximately $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, March 11th. BMO Capital Markets reduced their target price on shares of NextEra Energy from $84.00 to $77.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. Guggenheim reissued a “buy” rating and set a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. Barclays dropped their price target on shares of NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 29th. Finally, Morgan Stanley dropped their price target on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and an average price target of $84.50.

About NextEra Energy

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.