Employees Retirement System of Texas Has $66.98 Million Stake in NextEra Energy, Inc. (NYSE:NEE)

Employees Retirement System of Texas reduced its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 23.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,430 shares of the utilities provider's stock after selling 28,057 shares during the period. Employees Retirement System of Texas' holdings in NextEra Energy were worth $66,980,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Howard Capital Management Group LLC boosted its position in NextEra Energy by 1.8% during the third quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider's stock valued at $25,293,000 after purchasing an additional 5,409 shares during the last quarter. Quarry LP acquired a new stake in shares of NextEra Energy during the 3rd quarter valued at about $33,000. DF Dent & Co. Inc. grew its stake in shares of NextEra Energy by 14.2% in the 3rd quarter. DF Dent & Co. Inc. now owns 22,550 shares of the utilities provider's stock valued at $1,906,000 after buying an additional 2,808 shares in the last quarter. Zacks Investment Management increased its holdings in NextEra Energy by 12.0% in the third quarter. Zacks Investment Management now owns 276,803 shares of the utilities provider's stock worth $23,398,000 after buying an additional 29,722 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in NextEra Energy during the third quarter valued at approximately $1,292,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

In other news, CAO James Michael May sold 2,383 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were 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 in the company, valued at approximately $1,867,504.43. The trade was a 7.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.18% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on NEE. BMO Capital Markets boosted their target price on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Guggenheim reiterated a "buy" rating and issued a $89.00 price objective on shares of NextEra Energy in a report on Thursday, March 20th. Evercore ISI cut their target price on NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a report on Monday, January 27th. Morgan Stanley upped their price target on NextEra Energy from $95.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday, March 20th. Finally, Jefferies Financial Group cut their price objective on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $85.92.

NextEra Energy Stock Performance

NEE stock traded down $1.00 on Friday, reaching $65.72. 14,853,104 shares of the company were exchanged, compared to its average volume of 10,823,000. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. NextEra Energy, Inc. has a 12 month low of $61.31 and a 12 month high of $86.10. The stock's fifty day moving average price is $69.89 and its 200 day moving average price is $73.84. The firm has a market capitalization of $135.29 billion, a PE ratio of 19.50, a PEG ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE - Get Free Report) last released its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting 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, research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were issued a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 3.45%. The ex-dividend date was Friday, February 28th. This is a positive change from NextEra Energy's previous quarterly dividend of $0.52. NextEra Energy's payout ratio is 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.