California Public Employees Retirement System Lowers Position in NextEra Energy, Inc. $NEE

California Public Employees Retirement System lessened its stake in NextEra Energy, Inc. (NYSE:NEE) by 11.9% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,188,654 shares of the utilities provider’s stock after selling 969,329 shares during the quarter. California Public Employees Retirement System owned approximately 0.35% of NextEra Energy worth $499,036,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Activest Wealth Management lifted its stake in NextEra Energy by 79.7% during the 2nd quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 157 shares in the last quarter. Harbor Asset Planning Inc. purchased a new stake in shares of NextEra Energy in the second quarter valued at about $25,000. 1 North Wealth Services LLC bought a new position in shares of NextEra Energy during the first quarter valued at about $26,000. Quaker Wealth Management LLC lifted its position in shares of NextEra Energy by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 772 shares in the last quarter. Finally, Nova Wealth Management Inc. purchased a new position in NextEra Energy during the first quarter worth about $32,000. Institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Barclays set a $88.00 target price on shares of NextEra Energy and gave the stock an “equal weight” rating in a research report on Wednesday, October 29th. JPMorgan Chase & Co. lifted their price target on NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, August 22nd. TD Cowen assumed coverage on NextEra Energy in a research report on Thursday, October 16th. They issued a “buy” rating and a $98.00 price objective on the stock. Wells Fargo & Company raised NextEra Energy to a “strong-buy” rating in a research report on Tuesday, October 28th. Finally, Wolfe Research boosted their price target on shares of NextEra Energy from $87.00 to $94.00 and gave the stock an “outperform” rating in a report on Monday, December 1st. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $91.00.

NextEra Energy Stock Performance

Shares of NEE opened at $83.08 on Friday. The firm has a market cap of $173.02 billion, a PE ratio of 26.46, a PEG ratio of 2.80 and a beta of 0.74. The stock’s fifty day moving average price is $83.37 and its two-hundred day moving average price is $76.17. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $87.53.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.09. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The company had revenue of $7.97 billion during the quarter, compared to the consensus estimate of $8.13 billion. During the same quarter in the prior year, the company earned $1.03 EPS. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be given a $0.5665 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. NextEra Energy’s payout ratio is 72.29%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 11,336 shares of the stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total transaction of $906,880.00. Following the sale, the executive vice president owned 167,481 shares in the company, valued at $13,398,480. This represents a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Michael Dunne sold 10,000 shares of the firm’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $70.79, for a total value of $707,900.00. Following the completion of the transaction, the executive vice president directly owned 62,064 shares of the company’s stock, valued at $4,393,510.56. The trade was a 13.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 168,168 shares of company stock valued at $13,917,670. 0.20% of the stock is owned by corporate insiders.

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.