Public Employees Retirement Association of Colorado Sells 11,508 Shares of NextEra Energy, Inc. (NYSE:NEE)

Public Employees Retirement Association of Colorado lessened its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 292,775 shares of the utilities provider’s stock after selling 11,508 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in NextEra Energy were worth $18,711,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Avitas Wealth Management LLC grew its stake in shares of NextEra Energy by 2.9% in the 4th quarter. Avitas Wealth Management LLC now owns 37,843 shares of the utilities provider’s stock worth $2,299,000 after acquiring an additional 1,057 shares in the last quarter. Stiles Financial Services Inc grew its position in NextEra Energy by 9.0% during the fourth quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock valued at $2,137,000 after buying an additional 2,899 shares during the period. Janney Capital Management LLC grew its position in NextEra Energy by 9.5% during the fourth quarter. Janney Capital Management LLC now owns 46,673 shares of the utilities provider’s stock valued at $2,835,000 after buying an additional 4,047 shares during the period. AJOVista LLC bought a new position in NextEra Energy during the fourth quarter valued at about $162,000. Finally, Intech Investment Management LLC grew its position in NextEra Energy by 35.7% during the first quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider’s stock valued at $6,411,000 after buying an additional 26,382 shares during the period. Institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on NEE. Royal Bank of Canada increased their price target on shares of NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. JPMorgan Chase & Co. increased their price target on shares of NextEra Energy from $76.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, June 20th. BMO Capital Markets upped their price objective on shares of NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Morgan Stanley increased their price target on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. Finally, Bank of America increased their price target on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $78.00.

NextEra Energy Price Performance

NYSE NEE traded down $0.09 on Monday, reaching $74.17. 2,629,467 shares of the company’s stock traded hands, compared to its average volume of 11,659,935. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $80.47. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. The stock has a 50-day simple moving average of $73.90 and a 200 day simple moving average of $66.11. The stock has a market cap of $152.45 billion, a PE ratio of 20.22, a P/E/G ratio of 2.69 and a beta of 0.54.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The business had revenue of $6.07 billion for the quarter, compared to analysts’ expectations of $7.29 billion. During the same period last year, the business earned $0.88 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.515 per share. The ex-dividend date is Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.78%. NextEra Energy’s dividend payout ratio is currently 56.13%.

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.