Public Employees Retirement System of Ohio Has $78.09 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Public Employees Retirement System of Ohio lessened its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 0.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 923,833 shares of the utilities provider's stock after selling 7,181 shares during the period. Public Employees Retirement System of Ohio's holdings in NextEra Energy were worth $78,092,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Groupama Asset Managment increased its stake in NextEra Energy by 28.2% during the third quarter. Groupama Asset Managment now owns 471,165 shares of the utilities provider's stock valued at $39,828,000 after acquiring an additional 103,599 shares during the period. Roffman Miller Associates Inc. PA increased its stake in NextEra Energy by 3.8% during the third quarter. Roffman Miller Associates Inc. PA now owns 17,735 shares of the utilities provider's stock valued at $1,499,000 after acquiring an additional 648 shares during the period. MML Investors Services LLC increased its stake in NextEra Energy by 3.4% during the third quarter. MML Investors Services LLC now owns 618,196 shares of the utilities provider's stock valued at $52,256,000 after acquiring an additional 20,594 shares during the period. Legacy Investment Solutions LLC bought a new position in NextEra Energy during the third quarter valued at about $80,000. Finally, Northeast Financial Consultants Inc bought a new position in NextEra Energy during the third quarter valued at about $245,000. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Price Performance

NYSE NEE traded down $0.56 during trading hours on Monday, reaching $74.68. 6,556,702 shares of the company's stock were exchanged, compared to its average volume of 10,835,640. The stock has a market cap of $153.57 billion, a PE ratio of 22.26, a price-to-earnings-growth ratio of 2.72 and a beta of 0.56. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The firm has a fifty day moving average of $79.50 and a 200-day moving average of $77.84. 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 (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, topping analysts' consensus estimates of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The business had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same period in the prior year, the company earned $0.94 EPS. NextEra Energy's revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities research analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.76%. The ex-dividend date is Friday, November 22nd. NextEra Energy's dividend payout ratio is 60.95%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. BMO Capital Markets boosted their price target on NextEra Energy from $83.00 to $91.00 and gave the company an "outperform" rating in a research note on Friday, October 18th. Bank of America boosted their price target on NextEra Energy from $77.00 to $81.00 and gave the company a "neutral" rating in a research note on Thursday, August 29th. Royal Bank of Canada lowered NextEra Energy from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, October 22nd. Wells Fargo & Company upped their price objective on NextEra Energy from $95.00 to $102.00 and gave the company an "overweight" rating in a research note on Tuesday, September 3rd. Finally, Jefferies Financial Group began coverage on NextEra Energy in a research note on Thursday, September 19th. They issued a "hold" rating and a $87.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, NextEra Energy has an average rating of "Hold" and a consensus price target of $86.85.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the transaction, the executive vice president now owns 15,792 shares of the company's stock, valued at $1,193,401.44. This represents a 20.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.18% of the company's stock.

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.