Texas Permanent School Fund Corp Purchases 492 Shares of NextEra Energy, Inc. (NYSE:NEE)

Texas Permanent School Fund Corp lifted its position in NextEra Energy, Inc. (NYSE:NEE) by 0.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 424,106 shares of the utilities provider’s stock after acquiring an additional 492 shares during the quarter. Texas Permanent School Fund Corp’s holdings in NextEra Energy were worth $27,105,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in NEE. Clear Investment Research LLC lifted its holdings in NextEra Energy by 387.2% during the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock valued at $28,000 after buying an additional 364 shares in the last quarter. BOK Financial Private Wealth Inc. bought a new stake in NextEra Energy during the 4th quarter valued at about $29,000. American Capital Advisory LLC lifted its holdings in NextEra Energy by 74.5% during the 1st quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock valued at $31,000 after buying an additional 205 shares in the last quarter. Stuart Chaussee & Associates Inc. lifted its holdings in NextEra Energy by 315.4% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock valued at $33,000 after buying an additional 410 shares in the last quarter. Finally, Valued Wealth Advisors LLC bought a new stake in NextEra Energy during the 4th quarter valued at about $34,000. Institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Bank of America lifted their price objective on shares of NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, April 23rd. Citigroup raised their target price on shares of NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. BMO Capital Markets raised their target price on shares of NextEra Energy from $78.00 to $79.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Evercore ISI raised their target price on shares of NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a research report on Wednesday, June 12th. Finally, StockNews.com raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $77.50.

NextEra Energy Stock Performance

NEE stock traded up $1.80 during trading on Thursday, reaching $74.70. The company had a trading volume of 12,188,746 shares, compared to its average volume of 11,745,697. The firm has a 50-day simple moving average of $74.04 and a 200-day simple moving average of $65.10. The company has a market cap of $153.47 billion, a price-to-earnings ratio of 20.42, a price-to-earnings-growth ratio of 2.47 and a beta of 0.54. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $80.47.

NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The company had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. NextEra Energy’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same period last year, the business earned $0.84 EPS. As a group, sell-side analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend was Monday, June 3rd. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

NextEra Energy Company 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.