Retirement Systems of Alabama Has $31.33 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Retirement Systems of Alabama decreased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 441,900 shares of the utilities provider’s stock after selling 3,331 shares during the period. Retirement Systems of Alabama’s holdings in NextEra Energy were worth $31,326,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of NEE. LaFleur & Godfrey LLC grew its stake in shares of NextEra Energy by 9.8% in the 4th quarter. LaFleur & Godfrey LLC now owns 4,500 shares of the utilities provider’s stock worth $323,000 after acquiring an additional 400 shares in the last quarter. Brighton Jones LLC grew its stake in shares of NextEra Energy by 7.0% in the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock worth $2,028,000 after acquiring an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of NextEra Energy by 6.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock worth $348,000 after acquiring an additional 298 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of NextEra Energy in the 4th quarter worth $203,000. Finally, Alberta Investment Management Corp grew its stake in shares of NextEra Energy by 128.5% in the 4th quarter. Alberta Investment Management Corp now owns 45,700 shares of the utilities provider’s stock worth $3,276,000 after acquiring an additional 25,700 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Transactions at NextEra Energy

In other news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $70.00, for a total value of $1,657,880.00. Following the sale, the executive vice president now directly owns 196,817 shares of the company’s stock, valued at approximately $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on NEE shares. UBS Group reduced their target price on shares of NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a research note on Friday, May 23rd. Wells Fargo & Company reduced their price target on shares of NextEra Energy from $102.00 to $97.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. Barclays reduced their price target on shares of NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 29th. JPMorgan Chase & Co. increased their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Finally, BMO Capital Markets reduced their price target on shares of NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $84.50.

NextEra Energy Price Performance

NYSE NEE opened at $71.61 on Friday. The company has a market cap of $147.41 billion, a PE ratio of 26.82, a price-to-earnings-growth ratio of 2.52 and a beta of 0.68. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.32. The firm’s 50-day simple moving average is $69.57 and its two-hundred day simple moving average is $70.32.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting the consensus estimate of $0.99. The business had revenue of $6.25 billion for the quarter, compared to the consensus estimate of $6.58 billion. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The company’s revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 earnings per share. Research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date was Monday, June 2nd. NextEra Energy’s payout ratio is 85.02%.

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.