NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue raised its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 6.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 238,661 shares of the utilities provider's stock after purchasing an additional 15,270 shares during the period. State of Alaska Department of Revenue's holdings in NextEra Energy were worth $20,174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in NEE. Proffitt & Goodson Inc. increased its holdings in shares of NextEra Energy by 64.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 144 shares during the last quarter. Semmax Financial Advisors Inc. increased its holdings in shares of NextEra Energy by 197.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 225 shares during the last quarter. Valley Wealth Managers Inc. purchased a new position in NextEra Energy during the 2nd quarter worth approximately $33,000. Maryland Capital Advisors Inc. purchased a new position in NextEra Energy during the 3rd quarter worth approximately $39,000. Finally, Family Firm Inc. purchased a new position in NextEra Energy during the 2nd quarter worth approximately $40,000. Hedge funds and other institutional investors own 78.72% of the company's stock.

Analyst Upgrades and Downgrades

NEE has been the topic of several analyst reports. Royal Bank of Canada downgraded NextEra Energy from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, October 22nd. Bank of America raised their price target on NextEra Energy from $77.00 to $81.00 and gave the company a "neutral" rating in a report on Thursday, August 29th. Guggenheim raised their price target on NextEra Energy from $90.00 to $92.00 and gave the company a "buy" rating in a report on Thursday. Dbs Bank cut NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Friday, September 27th. Finally, JPMorgan Chase & Co. raised their price target on NextEra Energy from $91.00 to $94.00 and gave the company an "overweight" rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $86.54.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the business's stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $76.97, for a total transaction of $50,646.26. Following the transaction, the executive vice president now owns 100 shares in the company, valued at $7,697. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by company insiders.

NextEra Energy Price Performance

Shares of NYSE NEE traded down $1.38 during trading on Friday, reaching $81.43. The company had a trading volume of 6,581,101 shares, compared to its average volume of 8,940,641. The stock has a market capitalization of $167.30 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 3.03 and a beta of 0.56. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. NextEra Energy, Inc. has a twelve month low of $53.81 and a twelve month high of $86.10. The stock has a 50-day moving average price of $82.36 and a two-hundred day moving average price of $76.28.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.05. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The firm had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. During the same quarter in the previous year, the business earned $0.94 earnings per share. The firm's quarterly revenue was up 5.5% compared to the same quarter last year. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Friday, November 22nd. NextEra Energy's dividend payout ratio (DPR) is presently 56.13%.

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.