Teachers Retirement System of The State of Kentucky Increases Position in NextEra Energy, Inc. (NYSE:NEE)

Teachers Retirement System of The State of Kentucky boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 69.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 272,751 shares of the utilities provider's stock after purchasing an additional 111,454 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in NextEra Energy were worth $23,056,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Border to Coast Pensions Partnership Ltd increased its stake in NextEra Energy by 2.2% during the third quarter. Border to Coast Pensions Partnership Ltd now owns 1,216,077 shares of the utilities provider's stock worth $102,495,000 after acquiring an additional 26,270 shares during the last quarter. Swiss National Bank lifted its position in NextEra Energy by 0.4% in the third quarter. Swiss National Bank now owns 6,098,200 shares of the utilities provider's stock valued at $515,481,000 after buying an additional 21,400 shares during the last quarter. Dillon & Associates Inc. boosted its stake in NextEra Energy by 16.0% during the third quarter. Dillon & Associates Inc. now owns 59,320 shares of the utilities provider's stock worth $5,042,000 after buying an additional 8,184 shares during the period. Magnolia Capital Advisors LLC raised its stake in shares of NextEra Energy by 1,224.3% in the 2nd quarter. Magnolia Capital Advisors LLC now owns 72,453 shares of the utilities provider's stock valued at $5,130,000 after acquiring an additional 66,982 shares during the period. Finally, HITE Hedge Asset Management LLC acquired a new position in shares of NextEra Energy in the 3rd quarter worth approximately $25,801,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the sale, the executive vice president now owns 15,792 shares of the company's stock, valued at $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on NEE shares. Wells Fargo & Company upped 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. Morgan Stanley lowered their target price on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research note on Friday, November 22nd. Dbs Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 27th. Royal Bank of Canada downgraded NextEra Energy from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, October 22nd. Finally, Barclays raised their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the company an "equal weight" rating in a report on Friday, October 25th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $87.15.

NextEra Energy Stock Performance

Shares of NextEra Energy stock traded down $0.76 on Thursday, hitting $73.22. The stock had a trading volume of 6,770,715 shares, compared to its average volume of 10,809,233. The company's 50 day moving average price is $78.85 and its 200 day moving average price is $77.79. The stock has a market cap of $150.57 billion, a price-to-earnings ratio of 21.89, a P/E/G ratio of 2.72 and a beta of 0.56. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS 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 the consensus estimate of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. NextEra Energy's revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.94 EPS. On average, research analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be given a $0.515 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a yield of 2.81%. NextEra Energy's dividend payout ratio (DPR) is 60.95%.

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.