NextEra Energy, Inc. (NYSE:NEE) Stock Holdings Lifted by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in NextEra Energy, Inc. (NYSE:NEE) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,480,505 shares of the utilities provider’s stock after buying an additional 20,722 shares during the quarter. NextEra Energy comprises 1.6% of Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings, making the stock its 7th largest position. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.17% of NextEra Energy worth $249,517,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NEE. Burkett Financial Services LLC increased its position in shares of NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 332 shares during the period. Sugar Maple Asset Management LLC purchased a new stake in NextEra Energy during the 4th quarter valued at about $28,000. Quarry LP acquired a new position in shares of NextEra Energy in the third quarter valued at about $33,000. Luken Investment Analytics LLC purchased a new position in shares of NextEra Energy in the fourth quarter worth about $36,000. Finally, Harvest Fund Management Co. Ltd lifted its holdings in shares of NextEra Energy by 2,482.6% during the third quarter. Harvest Fund Management Co. Ltd now owns 594 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 571 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NEE. Evercore ISI cut their price target on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. Jefferies Financial Group reduced their target price on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. JPMorgan Chase & Co. upped their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. Morgan Stanley lifted their price objective on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Finally, Scotiabank upped their target price on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, NextEra Energy presently has a consensus rating of “Hold” and a consensus price target of $85.92.

NextEra Energy Stock Down 0.3 %

NEE stock opened at $70.47 on Thursday. NextEra Energy, Inc. has a 52 week low of $61.29 and a 52 week high of $86.10. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The firm has a 50-day simple moving average of $70.54 and a 200-day simple moving average of $75.66. The stock has a market capitalization of $144.96 billion, a P/E ratio of 20.91, a P/E/G ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Equities analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were issued a $0.5665 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.22%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio (DPR) is presently 67.06%.

Insiders Place Their Bets

In other news, CAO James Michael May sold 2,383 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total value of $162,258.47. Following the transaction, the chief accounting officer now directly owns 27,427 shares of the company’s stock, valued at approximately $1,867,504.43. This trade represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.18% of the stock is currently owned by corporate insiders.

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.