Teachers Advisors LLC decreased its stake in shares of NextEra Energy Inc (NYSE:NEE) by 4.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,196,847 shares of the utilities provider’s stock after selling 59,034 shares during the quarter. Teachers Advisors LLC owned about 0.25% of NextEra Energy worth $186,936,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in NEE. Taylor Hoffman Wealth Management purchased a new position in NextEra Energy during the fourth quarter valued at $106,000. D Orazio & Associates Inc. purchased a new position in NextEra Energy during the fourth quarter valued at $113,000. Risk Paradigm Group LLC raised its stake in NextEra Energy by 108.1% during the third quarter. Risk Paradigm Group LLC now owns 851 shares of the utilities provider’s stock valued at $125,000 after buying an additional 442 shares during the last quarter. Archford Capital Strategies LLC raised its stake in NextEra Energy by 76.9% during the second quarter. Archford Capital Strategies LLC now owns 10,000 shares of the utilities provider’s stock valued at $128,000 after buying an additional 4,347 shares during the last quarter. Finally, Cerebellum GP LLC purchased a new position in NextEra Energy during the fourth quarter valued at $128,000. Institutional investors and hedge funds own 76.50% of the company’s stock.
Shares of NextEra Energy Inc (NYSE:NEE) opened at $154.81 on Monday. The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. NextEra Energy Inc has a fifty-two week low of $127.09 and a fifty-two week high of $159.64. The company has a market capitalization of $72,880.00, a price-to-earnings ratio of 21.15, a P/E/G ratio of 2.54 and a beta of 0.32.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Tuesday, February 27th will be issued a $1.11 dividend. The ex-dividend date is Monday, February 26th. This represents a $4.44 annualized dividend and a dividend yield of 2.87%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.98. NextEra Energy’s payout ratio is presently 60.66%.
In related news, EVP Charles E. Sieving sold 2,844 shares of NextEra Energy stock in a transaction on Friday, February 16th. The stock was sold at an average price of $154.67, for a total value of $439,881.48. Following the completion of the sale, the executive vice president now owns 48,966 shares of the company’s stock, valued at $7,573,571.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 9,250 shares of NextEra Energy stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $151.83, for a total value of $1,404,427.50. The disclosure for this sale can be found here. Insiders sold 25,984 shares of company stock valued at $4,006,149 in the last ninety days. 0.53% of the stock is currently owned by corporate insiders.
NEE has been the subject of a number of recent research reports. Morgan Stanley lowered their price objective on NextEra Energy from $170.00 to $168.00 and set an “overweight” rating for the company in a research note on Thursday. Credit Suisse Group assumed coverage on NextEra Energy in a research note on Thursday, December 7th. They issued an “outperform” rating and a $173.00 price target for the company. Zacks Investment Research upgraded NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday, January 18th. Guggenheim restated a “buy” rating and issued a $177.00 price target on shares of NextEra Energy in a research note on Wednesday, January 3rd. Finally, UBS Group assumed coverage on NextEra Energy in a research note on Friday, February 2nd. They issued a “buy” rating and a $177.00 price target for the company. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $161.75.
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About NextEra Energy
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.
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