California Public Employees Retirement System Has $567.09 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

California Public Employees Retirement System boosted its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 46.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,910,346 shares of the utilities provider's stock after purchasing an additional 2,517,369 shares during the period. California Public Employees Retirement System owned about 0.38% of NextEra Energy worth $567,093,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Life Planning Partners Inc purchased a new stake in NextEra Energy during the fourth quarter valued at about $5,653,000. Summit Securities Group LLC bought a new position in NextEra Energy during the 4th quarter valued at approximately $83,000. Schroder Investment Management Group grew its holdings in shares of NextEra Energy by 44.9% during the fourth quarter. Schroder Investment Management Group now owns 8,064,781 shares of the utilities provider's stock valued at $578,164,000 after buying an additional 2,499,011 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of NextEra Energy in the fourth quarter worth $26,588,000. Finally, Strategy Asset Managers LLC grew its stake in shares of NextEra Energy by 4.7% in the fourth quarter. Strategy Asset Managers LLC now owns 5,593 shares of the utilities provider's stock worth $401,000 after acquiring an additional 253 shares during the period. Hedge funds and other institutional investors own 78.72% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on NEE. Evercore ISI cut their price target on NextEra Energy from $84.00 to $79.00 and set an "in-line" rating for the company 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. Scotiabank lifted their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a "sector outperform" rating in a research note on Thursday, December 12th. BMO Capital Markets increased their price target on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Finally, Morgan Stanley boosted their price objective on shares of NextEra Energy from $95.00 to $97.00 and gave the company an "overweight" rating in a research report on Thursday, March 20th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, NextEra Energy presently has a consensus rating of "Hold" and a consensus price target of $85.92.

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Insider Activity

In related news, CAO James Michael May sold 2,383 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following the sale, the chief accounting officer now 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.18% of the company's stock.

NextEra Energy Stock Performance

NEE traded up $0.01 during trading on Tuesday, reaching $70.90. The company's stock had a trading volume of 8,711,366 shares, compared to its average volume of 10,649,306. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. NextEra Energy, Inc. has a 52-week low of $61.31 and a 52-week high of $86.10. The company's fifty day moving average price is $70.67 and its 200-day moving average price is $74.99. The company has a market capitalization of $145.85 billion, a price-to-earnings ratio of 21.04, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings results 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 net margin of 28.06% and a return on equity of 11.85%. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a dividend of $0.5665 per share. The ex-dividend date was Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.20%. This is an increase from NextEra Energy's previous quarterly dividend of $0.52. NextEra Energy's dividend payout ratio (DPR) is presently 67.06%.

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.