NextEra Energy, Inc. (NYSE:NEE) Stake Decreased by Retirement Systems of Alabama

Retirement Systems of Alabama lessened its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 445,231 shares of the utilities provider’s stock after selling 8,201 shares during the quarter. Retirement Systems of Alabama’s holdings in NextEra Energy were worth $31,919,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in NEE. Czech National Bank raised its holdings in shares of NextEra Energy by 6.9% during the third quarter. Czech National Bank now owns 418,530 shares of the utilities provider’s stock valued at $35,378,000 after buying an additional 27,020 shares during the last quarter. Miracle Mile Advisors LLC increased its stake in shares of NextEra Energy by 5.2% during the third quarter. Miracle Mile Advisors LLC now owns 12,950 shares of the utilities provider’s stock valued at $1,095,000 after acquiring an additional 644 shares during the period. Callan Family Office LLC acquired a new position in shares of NextEra Energy during the third quarter valued at approximately $247,000. Dynamic Advisor Solutions LLC increased its stake in shares of NextEra Energy by 1.6% during the third quarter. Dynamic Advisor Solutions LLC now owns 30,323 shares of the utilities provider’s stock valued at $2,563,000 after acquiring an additional 469 shares during the period. Finally, City Holding Co. increased its stake in shares of NextEra Energy by 2.9% during the third quarter. City Holding Co. now owns 51,344 shares of the utilities provider’s stock valued at $4,340,000 after acquiring an additional 1,470 shares during the period. Institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on NEE shares. Morgan Stanley raised their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Guggenheim lifted their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. decreased their price target on shares of NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Jefferies Financial Group decreased their price target on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Finally, BMO Capital Markets lifted their price target on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, NextEra Energy has a consensus rating of “Hold” and a consensus price target of $85.85.

Insider Activity at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the sale, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by company insiders.

NextEra Energy Trading Down 1.0 %

NYSE NEE opened at $69.17 on Thursday. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The stock has a market cap of $142.24 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 2.50 and a beta of 0.58. The firm’s 50 day moving average price is $72.25 and its two-hundred day moving average price is $77.13.

NextEra Energy (NYSE:NEE) last issued its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Equities analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

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.