Teachers Retirement System of The State of Kentucky Purchases 35,200 Shares of NextEra Energy, Inc. $NEE

Teachers Retirement System of The State of Kentucky grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 11.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 350,962 shares of the utilities provider’s stock after purchasing an additional 35,200 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in NextEra Energy were worth $26,494,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Goodman Advisory Group LLC bought a new stake in shares of NextEra Energy in the 2nd quarter valued at about $25,000. Tripletail Wealth Management LLC acquired a new stake in NextEra Energy in the third quarter worth $25,000. Howard Hughes Medical Institute bought a new position in shares of NextEra Energy during the second quarter worth $31,000. Rexford Capital Inc. bought a new position in shares of NextEra Energy during the second quarter worth $34,000. Finally, Abound Wealth Management grew its holdings in shares of NextEra Energy by 108.2% in the 3rd quarter. Abound Wealth Management now owns 456 shares of the utilities provider’s stock valued at $34,000 after buying an additional 237 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. HSBC lifted their target price on NextEra Energy from $96.00 to $103.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Seaport Research Partners cut their price objective on NextEra Energy from $56.00 to $55.00 and set a “sell” rating on the stock in a report on Monday, February 2nd. The Goldman Sachs Group boosted their price objective on NextEra Energy from $94.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Mizuho set a $90.00 target price on shares of NextEra Energy and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Finally, Jefferies Financial Group set a $87.00 price target on shares of NextEra Energy in a research note on Wednesday, January 14th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $93.47.

NextEra Energy Stock Performance

NYSE NEE opened at $92.58 on Tuesday. The firm has a market capitalization of $192.89 billion, a P/E ratio of 28.14 and a beta of 0.75. The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. The firm’s fifty day moving average price is $86.34 and its two-hundred day moving average price is $81.92. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $95.91.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.01. The firm had revenue of $6.50 billion for the quarter, compared to analyst estimates of $7.07 billion. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The business’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.53 earnings per share. As a group, research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be given a dividend of $0.6232 per share. This represents a $2.49 dividend on an annualized basis and a yield of 2.7%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Friday, February 27th. NextEra Energy’s dividend payout ratio (DPR) is presently 75.68%.

Insider Buying and Selling at NextEra Energy

In other news, CEO John W. Ketchum sold 99,603 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $89.34, for a total value of $8,898,532.02. Following the transaction, the chief executive officer directly owned 305,933 shares of the company’s stock, valued at $27,332,054.22. This represents a 24.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ronald R. Reagan sold 18,620 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total transaction of $1,675,800.00. Following the sale, the executive vice president owned 9,643 shares of the company’s stock, valued at approximately $867,870. This represents a 65.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 159,049 shares of company stock worth $14,194,542 over the last ninety days. Insiders own 0.18% of the company’s stock.

About NextEra Energy

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.