Teachers Retirement System of The State of Kentucky Sells 5,403 Shares of NextEra Energy, Inc. (NYSE:NEE)

Teachers Retirement System of The State of Kentucky decreased its position in NextEra Energy, Inc. (NYSE:NEE) by 3.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 173,017 shares of the utilities provider’s stock after selling 5,403 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in NextEra Energy were worth $10,509,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Clear Investment Research LLC raised its holdings in NextEra Energy by 387.2% in the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 364 shares in the last quarter. BOK Financial Private Wealth Inc. bought a new position in NextEra Energy in the fourth quarter worth $29,000. Stuart Chaussee & Associates Inc. raised its holdings in NextEra Energy by 315.4% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 410 shares in the last quarter. Valued Wealth Advisors LLC bought a new position in NextEra Energy in the fourth quarter worth $34,000. Finally, Rakuten Securities Inc. bought a new position in NextEra Energy in the fourth quarter worth $34,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NYSE:NEE traded down $0.12 on Friday, hitting $73.06. The stock had a trading volume of 6,568,564 shares, compared to its average volume of 10,656,510. The stock has a market cap of $150.10 billion, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 2.68 and a beta of 0.56. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.12. The business’s 50-day simple moving average is $71.54 and its two-hundred day simple moving average is $63.59. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $80.47.

NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.11. The business had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The business’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same period last year, the firm posted $0.84 earnings per share. As a group, research analysts predict that NextEra Energy, Inc. will post 3.39 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend is Monday, June 3rd. NextEra Energy’s dividend payout ratio (DPR) is currently 56.13%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on NEE shares. Barclays cut their target price on NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating on the stock in a research note on Thursday. Morgan Stanley increased their target price on NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. Bank of America increased their target price on NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 23rd. Mizuho cut NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price on the stock. in a research note on Wednesday. Finally, StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $74.86.

NextEra Energy Profile

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.