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

Teachers Retirement System of The State of Kentucky trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 262,939 shares of the utilities provider's stock after selling 9,812 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in NextEra Energy were worth $18,851,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Empowered Funds LLC increased its stake in shares of NextEra Energy by 14.7% in the fourth quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider's stock worth $3,267,000 after purchasing an additional 5,831 shares in the last quarter. Empower Advisory Group LLC grew its holdings in NextEra Energy by 2.3% during the 4th quarter. Empower Advisory Group LLC now owns 1,823,327 shares of the utilities provider's stock valued at $130,714,000 after buying an additional 41,328 shares in the last quarter. Nordea Investment Management AB raised its position in shares of NextEra Energy by 20.9% during the fourth quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider's stock valued at $634,703,000 after buying an additional 1,525,436 shares during the last quarter. Czech National Bank lifted its holdings in shares of NextEra Energy by 6.5% in the fourth quarter. Czech National Bank now owns 445,870 shares of the utilities provider's stock worth $31,964,000 after buying an additional 27,340 shares in the last quarter. Finally, ST Germain D J Co. Inc. boosted its holdings in shares of NextEra Energy by 5.8% during the 4th quarter. ST Germain D J Co. Inc. now owns 171,735 shares of the utilities provider's stock valued at $12,312,000 after purchasing an additional 9,425 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Down 0.4 %

Shares of NEE traded down $0.25 during midday trading on Friday, reaching $66.10. 9,633,506 shares of the stock were exchanged, compared to its average volume of 10,817,138. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The company's 50 day moving average is $69.45 and its two-hundred day moving average is $72.83. The company has a market capitalization of $136.07 billion, a P/E ratio of 19.61, a PEG ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. The firm had revenue of $6.25 billion during the quarter, compared to analysts' expectations of $6.58 billion. 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 year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a $0.5665 dividend. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from NextEra Energy's previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.43%. NextEra Energy's dividend payout ratio (DPR) is currently 67.06%.

Insider Transactions at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following the transaction, the chief accounting officer now owns 27,427 shares in the company, valued at $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.18% of the company's stock.

Wall Street Analyst Weigh In

NEE has been the topic of several recent research reports. Wells Fargo & Company decreased their price objective on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday. Jefferies Financial Group dropped their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Morgan Stanley reissued an "overweight" rating on shares of NextEra Energy in a research note on Wednesday. Evercore ISI cut their price target on shares of NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. increased their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. Eight research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, NextEra Energy currently has an average rating of "Moderate Buy" and a consensus target price of $84.08.

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.