New York State Teachers Retirement System Reduces Holdings in NextEra Energy, Inc. (NYSE:NEE)

New York State Teachers Retirement System lessened its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,830,087 shares of the utilities provider's stock after selling 24,587 shares during the quarter. New York State Teachers Retirement System owned 0.09% of NextEra Energy worth $131,199,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Burkett Financial Services LLC increased its stake in shares of NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider's stock worth $26,000 after purchasing an additional 332 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in shares of NextEra Energy during the third quarter valued at $27,000. Sugar Maple Asset Management LLC purchased a new stake in NextEra Energy during the 4th quarter worth about $28,000. Quarry LP acquired a new position in NextEra Energy in the 3rd quarter valued at about $33,000. Finally, Luken Investment Analytics LLC acquired a new position in NextEra Energy in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Trading Down 0.8 %

Shares of NYSE:NEE traded down $0.54 during trading on Monday, reaching $68.06. 14,183,528 shares of the stock were exchanged, compared to its average volume of 12,249,278. The firm's 50-day moving average price is $70.97 and its 200 day moving average price is $76.84. The firm has a market cap of $139.97 billion, a price-to-earnings ratio of 20.20, a price-to-earnings-growth ratio of 2.42 and a beta of 0.58. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. 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 (NYSE:NEE - Get Free Report) last released its quarterly earnings data 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, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a $0.5665 dividend. This is a positive change from NextEra Energy's previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a yield of 3.33%. NextEra Energy's dividend payout ratio (DPR) is 61.13%.

Analysts Set New Price Targets

NEE has been the subject of a number of recent research reports. Guggenheim lifted their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Morgan Stanley raised their target price on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. BMO Capital Markets boosted their price target on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. JPMorgan Chase & Co. decreased their price objective on NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. Finally, Royal Bank of Canada lowered NextEra Energy from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, October 22nd. 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.com, NextEra Energy has an average rating of "Hold" and an average price target of $85.85.

About NextEra Energy

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.