NextEra Energy, Inc. (NEE) Shares Bought by Teacher Retirement System of Texas
Teacher Retirement System of Texas raised its position in NextEra Energy, Inc. (NYSE:NEE) by 0.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 530,367 shares of the utilities provider’s stock after buying an additional 26 shares during the period. Teacher Retirement System of Texas’ holdings in NextEra Energy were worth $68,083,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. APG Asset Management N.V. increased its position in shares of NextEra Energy by 75.0% in the first quarter. APG Asset Management N.V. now owns 1,971,565 shares of the utilities provider’s stock worth $253,090,000 after buying an additional 844,862 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of NextEra Energy by 7,771.4% in the first quarter. Canada Pension Plan Investment Board now owns 399,000 shares of the utilities provider’s stock worth $51,220,000 after buying an additional 393,931 shares during the last quarter. Swiss National Bank increased its position in shares of NextEra Energy by 26.1% in the first quarter. Swiss National Bank now owns 1,851,224 shares of the utilities provider’s stock worth $237,642,000 after buying an additional 382,800 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of NextEra Energy by 11.3% in the first quarter. Alliancebernstein L.P. now owns 3,067,768 shares of the utilities provider’s stock worth $393,809,000 after buying an additional 310,903 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new position in shares of NextEra Energy during the first quarter worth $34,726,000. Hedge funds and other institutional investors own 76.84% of the company’s stock.
NextEra Energy, Inc. (NEE) traded up 0.89% during trading on Friday, reaching $149.93. The company had a trading volume of 1,438,701 shares. The firm’s 50 day moving average price is $144.37 and its 200 day moving average price is $136.10. The firm has a market capitalization of $70.35 billion, a PE ratio of 17.17 and a beta of 0.32. NextEra Energy, Inc. has a 12-month low of $110.49 and a 12-month high of $150.60.
NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.10. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The company had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same quarter in the previous year, the company earned $1.67 EPS. NextEra Energy’s revenue for the quarter was up 15.4% on a year-over-year basis. Equities research analysts forecast that NextEra Energy, Inc. will post $6.72 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be paid a dividend of $0.9825 per share. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend is Wednesday, August 23rd. NextEra Energy’s dividend payout ratio (DPR) is 45.02%.
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NEE has been the topic of a number of research analyst reports. Royal Bank Of Canada restated a “buy” rating and issued a $144.00 target price on shares of NextEra Energy in a research note on Tuesday, May 2nd. Morgan Stanley boosted their target price on NextEra Energy from $161.00 to $162.00 and gave the stock an “overweight” rating in a research note on Monday, May 8th. Barclays PLC restated an “overweight” rating and issued a $150.00 target price (up previously from $139.00) on shares of NextEra Energy in a research note on Sunday, April 23rd. Goldman Sachs Group, Inc. (The) initiated coverage on NextEra Energy in a research note on Monday, July 24th. They issued a “buy” rating and a $160.00 target price on the stock. Finally, BMO Capital Markets restated a “buy” rating and issued a $156.00 target price (up previously from $144.00) on shares of NextEra Energy in a research note on Friday, June 23rd. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $148.64.
In other NextEra Energy news, Director Eric E. Silagy sold 8,111 shares of NextEra Energy stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $140.58, for a total value of $1,140,244.38. Following the sale, the director now directly owns 26,884 shares in the company, valued at approximately $3,779,352.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James L. Robo sold 30,000 shares of NextEra Energy stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $147.05, for a total transaction of $4,411,500.00. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by insiders.
NextEra Energy Company Profile
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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