Railway Pension Investments Ltd Decreases Position in NextEra Energy, Inc. (NYSE:NEE)

Railway Pension Investments Ltd decreased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 4.2% during the 1st quarter, HoldingsChannel reports. The fund owned 2,263,532 shares of the utilities provider’s stock after selling 100,100 shares during the quarter. NextEra Energy comprises approximately 1.4% of Railway Pension Investments Ltd’s investment portfolio, making the stock its 15th largest holding. Railway Pension Investments Ltd’s holdings in NextEra Energy were worth $144,662,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of NEE. Avitas Wealth Management LLC raised its position in shares of NextEra Energy by 2.9% during the 4th quarter. Avitas Wealth Management LLC now owns 37,843 shares of the utilities provider’s stock worth $2,299,000 after purchasing an additional 1,057 shares during the period. Stiles Financial Services Inc boosted its position in shares of NextEra Energy by 9.0% in the fourth quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock worth $2,137,000 after buying an additional 2,899 shares during the period. Janney Capital Management LLC boosted its position in shares of NextEra Energy by 9.5% in the fourth quarter. Janney Capital Management LLC now owns 46,673 shares of the utilities provider’s stock worth $2,835,000 after buying an additional 4,047 shares during the period. AJOVista LLC acquired a new stake in NextEra Energy during the fourth quarter valued at $162,000. Finally, Intech Investment Management LLC boosted 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 purchasing an additional 26,382 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Activity at NextEra Energy

In other news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the transaction, the executive vice president now directly owns 100 shares of the company’s stock, valued at $7,697. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is currently owned by company insiders.

NextEra Energy Trading Up 1.0 %

Shares of NextEra Energy stock traded up $0.81 on Friday, hitting $79.20. 14,513,109 shares of the company’s stock traded hands, compared to its average volume of 10,270,118. The firm’s 50-day moving average price is $73.93 and its two-hundred day moving average price is $66.58. The stock has a market capitalization of $162.78 billion, a PE ratio of 21.58, a price-to-earnings-growth ratio of 2.84 and a beta of 0.54. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $80.56. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, topping 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 firm had revenue of $6.07 billion during the quarter, compared to analyst estimates of $7.29 billion. During the same period in the prior year, the business earned $0.88 EPS. On average, research analysts expect that NextEra Energy, Inc. will post 3.39 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be paid a $0.515 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.06 annualized dividend and a yield of 2.60%. NextEra Energy’s dividend payout ratio (DPR) is currently 56.13%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Morgan Stanley raised their target price on NextEra Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a report on Tuesday, May 28th. BMO Capital Markets lifted their price objective on NextEra Energy from $79.00 to $83.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Evercore ISI lifted their price objective on NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a research note on Wednesday, June 12th. Barclays lifted their price objective on NextEra Energy from $72.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. Finally, JPMorgan Chase & Co. lifted their price objective on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.29.

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.