Maryland State Retirement & Pension System Trims Position in NextEra Energy, Inc. (NYSE:NEE)

Maryland State Retirement & Pension System cut its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 6.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 110,680 shares of the utilities provider's stock after selling 7,913 shares during the quarter. Maryland State Retirement & Pension System's holdings in NextEra Energy were worth $7,935,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of NEE. Second Line Capital LLC boosted its stake in NextEra Energy by 4.7% during the 3rd quarter. Second Line Capital LLC now owns 3,097 shares of the utilities provider's stock valued at $262,000 after purchasing an additional 139 shares during the last quarter. Accel Wealth Management boosted its holdings in NextEra Energy by 1.7% during the fourth quarter. Accel Wealth Management now owns 8,615 shares of the utilities provider's stock worth $618,000 after purchasing an additional 145 shares during the last quarter. L.M. Kohn & Company increased its stake in NextEra Energy by 1.0% in the 4th quarter. L.M. Kohn & Company now owns 15,353 shares of the utilities provider's stock valued at $1,101,000 after buying an additional 145 shares during the last quarter. 1ST Source Bank boosted its stake in shares of NextEra Energy by 0.4% in the 3rd quarter. 1ST Source Bank now owns 34,178 shares of the utilities provider's stock worth $2,889,000 after buying an additional 147 shares during the last quarter. Finally, Tortoise Investment Management LLC boosted its stake in shares of NextEra Energy by 8.3% in the 4th quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider's stock worth $139,000 after buying an additional 149 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

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NextEra Energy Price Performance

NYSE:NEE traded down $0.24 during trading hours on Friday, hitting $70.92. 15,780,329 shares of the company's stock traded hands, compared to its average volume of 10,155,195. The firm has a market cap of $145.87 billion, a P/E ratio of 21.04, a P/E/G ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 52 week low of $61.30 and a 52 week high of $86.10. The business's fifty day simple moving average is $70.62 and its two-hundred day simple moving average is $75.53. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.20%. This is a positive change from NextEra Energy's previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 28th. NextEra Energy's payout ratio is presently 67.06%.

Insider Transactions at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now directly 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 legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.18% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on NEE shares. Morgan Stanley lifted their price target on NextEra Energy from $95.00 to $97.00 and gave the stock an "overweight" rating in a report on Thursday. Scotiabank boosted their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a "sector outperform" rating in a report on Thursday, December 12th. JPMorgan Chase & Co. raised their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Evercore ISI dropped their target price on shares of NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a research note on Monday, January 27th. Finally, Jefferies Financial Group dropped their target price on shares of 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 issued a buy rating to the company. Based on data from MarketBeat.com, NextEra Energy has an average rating of "Hold" and a consensus price target of $85.92.

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.