Retirement Systems of Alabama boosted its stake in shares of NextEra Energy Inc. (NYSE:NEE) by 0.4% during the third quarter, Holdings Channel reports. The fund owned 236,232 shares of the company’s stock after buying an additional 982 shares during the period. Retirement Systems of Alabama’s holdings in NextEra Energy were worth $28,896,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Squarepoint Ops LLC boosted its stake in NextEra Energy by 472.9% in the first quarter. Squarepoint Ops LLC now owns 16,128 shares of the company’s stock valued at $1,909,000 after buying an additional 13,313 shares during the last quarter. Stock Yards Bank & Trust Co. boosted its stake in NextEra Energy by 55.5% in the second quarter. Stock Yards Bank & Trust Co. now owns 15,512 shares of the company’s stock valued at $2,023,000 after buying an additional 5,539 shares during the last quarter. Cardinal Capital Management Inc. boosted its stake in NextEra Energy by 18.2% in the second quarter. Cardinal Capital Management Inc. now owns 81,958 shares of the company’s stock valued at $10,687,000 after buying an additional 12,615 shares during the last quarter. Osborn Rohs Williams & Donohoe Ltd boosted its stake in NextEra Energy by 3.4% in the second quarter. Osborn Rohs Williams & Donohoe Ltd now owns 13,315 shares of the company’s stock valued at $1,736,000 after buying an additional 434 shares during the last quarter. Finally, West Oak Capital LLC boosted its stake in NextEra Energy by 0.5% in the second quarter. West Oak Capital LLC now owns 20,098 shares of the company’s stock valued at $2,621,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 72.53% of the company’s stock.

Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

Shares of NextEra Energy Inc. (NYSE:NEE) traded up 1.11% on Tuesday, reaching $117.59. The company’s stock had a trading volume of 676,874 shares. The stock has a market cap of $54.95 billion, a P/E ratio of 22.22 and a beta of 0.26. The firm’s 50 day moving average is $120.86 and its 200-day moving average is $123.62. NextEra Energy Inc. has a 52-week low of $96.19 and a 52-week high of $131.98.

NextEra Energy (NYSE:NEE) last posted its earnings results on Monday, October 31st. The company reported $1.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.07. NextEra Energy had a return on equity of 11.90% and a net margin of 14.74%. The company had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.87 billion. During the same quarter last year, the company earned $1.60 earnings per share. On average, equities research analysts forecast that NextEra Energy Inc. will post $6.21 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Friday, November 25th will be issued a $0.87 dividend. The ex-dividend date of this dividend is Tuesday, November 22nd. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.99%. NextEra Energy’s dividend payout ratio is presently 66.29%.

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Several equities research analysts have commented on NEE shares. Morgan Stanley restated a “buy” rating on shares of NextEra Energy in a research note on Monday, August 1st. Mizuho reiterated a “buy” rating and set a $138.00 price objective on shares of NextEra Energy in a research note on Tuesday, August 30th. Deutsche Bank AG cut NextEra Energy from a “buy” rating to a “hold” rating and set a $131.00 price objective on the stock. in a research note on Friday, September 23rd. Bank of America Corp. reiterated a “buy” rating and set a $149.00 price objective on shares of NextEra Energy in a research note on Tuesday, September 27th. Finally, Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $127.00 price objective on the stock in a research note on Tuesday, November 22nd. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $129.08.

In other news, EVP Charles E. Sieving sold 24,927 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $123.55, for a total value of $3,079,730.85. Following the transaction, the executive vice president now owns 47,189 shares in the company, valued at $5,830,200.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Armando Pimentel, Jr. sold 5,022 shares of the firm’s stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $123.70, for a total value of $621,221.40. Following the completion of the transaction, the chief executive officer now owns 72,165 shares in the company, valued at approximately $8,926,810.50. The disclosure for this sale can be found here. 0.66% of the stock is owned by insiders.

NextEra Energy Company Profile

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power company in North America with electric generating facilities located in over 30 states in the United States and approximately five provinces in Canada. NEE’s operating segments are FPL, an electric utility, and NEER, an energy business.

5 Day Chart for NYSE:NEE

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