Kentucky Retirement Systems Sells 11,692 Shares of NextEra Energy, Inc. (NYSE:NEE)

Kentucky Retirement Systems lowered its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 7.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 143,130 shares of the utilities provider's stock after selling 11,692 shares during the quarter. Kentucky Retirement Systems' holdings in NextEra Energy were worth $12,099,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Legal & General Group Plc raised its stake in shares of NextEra Energy by 0.7% during the 2nd quarter. Legal & General Group Plc now owns 21,298,642 shares of the utilities provider's stock worth $1,508,155,000 after purchasing an additional 143,748 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in NextEra Energy by 9.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 8,178,185 shares of the utilities provider's stock valued at $579,097,000 after acquiring an additional 691,341 shares during the last quarter. Raymond James & Associates grew its position in shares of NextEra Energy by 14.3% in the 3rd quarter. Raymond James & Associates now owns 6,809,093 shares of the utilities provider's stock valued at $575,573,000 after acquiring an additional 851,873 shares during the period. Principal Financial Group Inc. grew its position in shares of NextEra Energy by 7.2% in the 2nd quarter. Principal Financial Group Inc. now owns 6,100,348 shares of the utilities provider's stock valued at $431,966,000 after acquiring an additional 409,708 shares during the period. Finally, Bahl & Gaynor Inc. raised its holdings in shares of NextEra Energy by 6.9% in the 2nd quarter. Bahl & Gaynor Inc. now owns 5,981,760 shares of the utilities provider's stock valued at $423,568,000 after purchasing an additional 388,149 shares during the period. Institutional investors own 78.72% of the company's stock.

NextEra Energy Price Performance

Shares of NYSE NEE traded up $1.07 during midday trading on Friday, reaching $76.35. The company's stock had a trading volume of 12,930,527 shares, compared to its average volume of 10,952,575. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The company has a market cap of $157.01 billion, a P/E ratio of 22.59, a P/E/G ratio of 2.68 and a beta of 0.57. The business's 50 day moving average price is $81.53 and its two-hundred day moving average price is $77.41. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.05. The firm had revenue of $7.57 billion during the quarter, compared to analysts' expectations of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The company's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.94 EPS. On average, analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be given a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy's payout ratio is presently 60.95%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on NEE shares. Morgan Stanley lifted their price target on NextEra Energy from $87.00 to $90.00 and gave the stock an "overweight" rating in a report on Wednesday, September 25th. Royal Bank of Canada lowered NextEra Energy from a "moderate buy" rating to a "hold" rating in a report on Tuesday, October 22nd. BMO Capital Markets raised their price target on NextEra Energy from $83.00 to $91.00 and gave the company an "outperform" rating in a report on Friday, October 18th. Jefferies Financial Group began coverage on shares of NextEra Energy in a report on Thursday, September 19th. They issued a "hold" rating and a $87.00 price objective on the stock. Finally, Wells Fargo & Company raised their target price on shares of NextEra Energy from $95.00 to $102.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 3rd. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $86.54.

Insider Transactions at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the transaction, the executive vice president now owns 15,792 shares in the company, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.18% of the stock is currently owned by 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.