NextEra Energy, Inc. (NYSE:NEE) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 3.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,854,674 shares of the utilities provider's stock after selling 75,825 shares during the period. New York State Teachers Retirement System owned 0.09% of NextEra Energy worth $156,776,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NEE. Pathway Financial Advisers LLC increased its holdings in shares of NextEra Energy by 6.8% in the third quarter. Pathway Financial Advisers LLC now owns 12,551 shares of the utilities provider's stock valued at $1,061,000 after purchasing an additional 796 shares during the last quarter. WD Rutherford LLC grew its holdings in NextEra Energy by 4.6% in the 3rd quarter. WD Rutherford LLC now owns 23,705 shares of the utilities provider's stock valued at $2,004,000 after buying an additional 1,039 shares in the last quarter. Adell Harriman & Carpenter Inc. increased its stake in shares of NextEra Energy by 6.5% in the 3rd quarter. Adell Harriman & Carpenter Inc. now owns 59,408 shares of the utilities provider's stock worth $5,022,000 after acquiring an additional 3,600 shares during the last quarter. Avitas Wealth Management LLC raised its holdings in shares of NextEra Energy by 1.3% during the 3rd quarter. Avitas Wealth Management LLC now owns 38,773 shares of the utilities provider's stock worth $3,277,000 after acquiring an additional 485 shares during the period. Finally, Nicholas Hoffman & Company LLC. raised its holdings in shares of NextEra Energy by 6.7% during the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 4,811 shares of the utilities provider's stock worth $407,000 after acquiring an additional 304 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NextEra Energy

In other news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy 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 sale, the executive vice president now owns 100 shares in the company, valued at approximately $7,697. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NEE. Royal Bank of Canada cut shares of NextEra Energy from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, October 22nd. Wells Fargo & Company lifted their price target on shares of NextEra Energy from $95.00 to $102.00 and gave the company an "overweight" rating in a research report on Tuesday, September 3rd. Bank of America increased their price objective on NextEra Energy from $77.00 to $81.00 and gave the stock a "neutral" rating in a research report on Thursday, August 29th. Barclays upped their price target on NextEra Energy from $80.00 to $82.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th. Finally, Jefferies Financial Group started coverage on NextEra Energy in a research report on Thursday, September 19th. They set a "hold" rating and a $87.00 price objective for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, NextEra Energy presently has an average rating of "Hold" and an average target price of $86.54.

NextEra Energy Stock Down 0.6 %

Shares of NEE stock traded down $0.45 during trading hours on Wednesday, reaching $79.11. 1,001,747 shares of the stock were exchanged, compared to its average volume of 10,717,854. NextEra Energy, Inc. has a 12-month low of $53.81 and a 12-month high of $86.10. The business's fifty day moving average is $82.44 and its two-hundred day moving average is $76.53. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. The firm has a market capitalization of $162.53 billion, a P/E ratio of 21.68, a P/E/G ratio of 3.03 and a beta of 0.56.

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

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be paid a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.60%. NextEra Energy's dividend payout ratio is currently 56.13%.

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.

Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy, Inc. (NYSE:NEE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.