Utah Retirement Systems raised its position in NextEra Energy, Inc. (NYSE:NEE) by 0.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,522 shares of the utilities provider’s stock after buying an additional 100 shares during the period. Utah Retirement Systems’ holdings in NextEra Energy were worth $10,850,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Daiwa SB Investments Ltd. raised its stake in NextEra Energy by 1.8% in the first quarter. Daiwa SB Investments Ltd. now owns 83,390 shares of the utilities provider’s stock worth $10,705,000 after buying an additional 1,510 shares in the last quarter. Gradient Investments LLC raised its stake in NextEra Energy by 30.2% in the first quarter. Gradient Investments LLC now owns 4,311 shares of the utilities provider’s stock worth $553,000 after buying an additional 1,000 shares in the last quarter. Highland Capital Management LLC raised its stake in NextEra Energy by 6.4% in the first quarter. Highland Capital Management LLC now owns 2,427 shares of the utilities provider’s stock worth $312,000 after buying an additional 145 shares in the last quarter. Pennsylvania Trust Co raised its stake in NextEra Energy by 0.8% in the first quarter. Pennsylvania Trust Co now owns 161,223 shares of the utilities provider’s stock worth $20,696,000 after buying an additional 1,252 shares in the last quarter. Finally, Carroll Financial Associates Inc. raised its stake in NextEra Energy by 5.1% in the first quarter. Carroll Financial Associates Inc. now owns 2,890 shares of the utilities provider’s stock worth $370,000 after buying an additional 140 shares in the last quarter. 76.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy, Inc. (NYSE NEE) traded up 0.29% during midday trading on Tuesday, reaching $147.52. 65,630 shares of the company traded hands. The company has a 50 day moving average of $142.09 and a 200-day moving average of $133.79. NextEra Energy, Inc. has a 12-month low of $110.49 and a 12-month high of $147.55. The stock has a market capitalization of $69.22 billion, a P/E ratio of 16.90 and a beta of 0.32.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.10. The business had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.44 billion. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The business’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period last year, the company posted $1.67 earnings per share. Equities analysts anticipate that NextEra Energy, Inc. will post $6.72 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be issued a $0.9825 dividend. This represents a $3.93 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Wednesday, August 23rd. NextEra Energy’s payout ratio is 45.02%.

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A number of research firms have commented on NEE. Goldman Sachs Group, Inc. (The) initiated coverage on shares of NextEra Energy in a report on Monday, July 24th. They set a “buy” rating and a $160.00 target price for the company. BMO Capital Markets reissued a “buy” rating and issued a $156.00 price target (up previously from $144.00) on shares of NextEra Energy in a report on Friday, June 23rd. Wells Fargo & Company reissued an “outperform” rating and issued a $158.00 price target (up previously from $150.00) on shares of NextEra Energy in a report on Monday, June 19th. Royal Bank Of Canada reissued an “outperform” rating and issued a $147.00 price target (up previously from $144.00) on shares of NextEra Energy in a report on Sunday, July 9th. Finally, BidaskClub lowered shares of NextEra Energy from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $148.18.

In other NextEra Energy news, Director James L. Robo sold 52,320 shares of the firm’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $136.48, for a total value of $7,140,633.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eric E. Silagy sold 8,111 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $140.58, for a total transaction of $1,140,244.38. Following the completion of the sale, the director now owns 26,884 shares of the company’s stock, valued at $3,779,352.72. The disclosure for this sale can be found here. Insiders sold 90,431 shares of company stock valued at $12,692,378 over the last 90 days. Corporate insiders own 0.53% of the company’s stock.

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.

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

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