Employees Retirement System of Texas Decreases Position in NextEra Energy, Inc. (NYSE:NEE)

Employees Retirement System of Texas reduced its stake in NextEra Energy, Inc. (NYSE:NEE) by 23.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 93,430 shares of the utilities provider’s stock after selling 28,057 shares during the period. Employees Retirement System of Texas’ holdings in NextEra Energy were worth $66,980,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in NextEra Energy during the 4th quarter worth $3,484,197,000. Boston Partners acquired a new stake in shares of NextEra Energy during the fourth quarter worth about $244,169,000. Amundi lifted its holdings in shares of NextEra Energy by 49.8% in the 4th quarter. Amundi now owns 9,543,552 shares of the utilities provider’s stock valued at $676,008,000 after purchasing an additional 3,172,405 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of NextEra Energy by 46.7% in the 4th quarter. California Public Employees Retirement System now owns 7,910,346 shares of the utilities provider’s stock valued at $567,093,000 after purchasing an additional 2,517,369 shares during the period. Finally, Schroder Investment Management Group grew its stake in NextEra Energy by 44.9% during the 4th quarter. Schroder Investment Management Group now owns 8,064,781 shares of the utilities provider’s stock worth $578,164,000 after buying an additional 2,499,011 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Transactions at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the completion of the transaction, the chief accounting officer now owns 27,427 shares of the company’s stock, valued at approximately $1,867,504.43. This represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on NEE. Morgan Stanley boosted their price objective on NextEra Energy from $95.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, March 20th. Evercore ISI decreased their price target on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research note on Monday, January 27th. Guggenheim reiterated a “buy” rating and issued a $89.00 price objective on shares of NextEra Energy in a research report on Thursday, March 20th. Jefferies Financial Group reduced their target price on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Finally, Scotiabank lifted their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $85.92.

NextEra Energy Stock Performance

Shares of NEE opened at $66.97 on Monday. NextEra Energy, Inc. has a 1 year low of $61.31 and a 1 year high of $86.10. The company’s 50 day simple moving average is $70.65 and its 200 day simple moving average is $74.59. The company has a market capitalization of $137.86 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 2.45 and a beta of 0.58. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. On average, sell-side analysts predict 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 was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were paid a dividend of $0.5665 per share. The ex-dividend date was Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.38%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio is currently 67.06%.

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.