Teacher Retirement System of Texas lowered its stake in NextEra Energy Inc (NYSE:NEE) by 40.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 342,975 shares of the utilities provider’s stock after selling 235,113 shares during the quarter. Teacher Retirement System of Texas’ holdings in NextEra Energy were worth $53,569,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of NEE. Risk Paradigm Group LLC raised its holdings in shares of NextEra Energy by 108.1% in the 3rd quarter. Risk Paradigm Group LLC now owns 851 shares of the utilities provider’s stock valued at $125,000 after acquiring an additional 442 shares in the last quarter. Archford Capital Strategies LLC raised its holdings in shares of NextEra Energy by 76.9% in the 2nd quarter. Archford Capital Strategies LLC now owns 10,000 shares of the utilities provider’s stock valued at $128,000 after acquiring an additional 4,347 shares in the last quarter. Cerebellum GP LLC purchased a new stake in shares of NextEra Energy in the 4th quarter valued at about $128,000. Horan Capital Advisors LLC. purchased a new stake in shares of NextEra Energy in the 3rd quarter valued at about $134,000. Finally, Fieldpoint Private Securities LLC raised its holdings in shares of NextEra Energy by 84.0% in the 3rd quarter. Fieldpoint Private Securities LLC now owns 920 shares of the utilities provider’s stock valued at $135,000 after acquiring an additional 420 shares in the last quarter. Institutional investors and hedge funds own 75.44% of the company’s stock.

NextEra Energy Inc (NYSE NEE) opened at $145.29 on Friday. The firm has a market capitalization of $69,661.18, a PE ratio of 12.76, a P/E/G ratio of 2.43 and a beta of 0.28. The company has a current ratio of 0.64, a quick ratio of 0.52 and a debt-to-equity ratio of 1.07. NextEra Energy Inc has a 1-year low of $124.18 and a 1-year high of $159.64.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, January 26th. The utilities provider reported $1.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.06). The firm had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $4.18 billion. NextEra Energy had a net margin of 31.28% and a return on equity of 11.50%. The business’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.21 earnings per share. research analysts anticipate that NextEra Energy Inc will post 7.72 earnings per share for the current year.

In related news, CEO Armando Pimentel, Jr. sold 9,250 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $151.83, for a total transaction of $1,404,427.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 42,372 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $157.45, for a total value of $6,671,471.40. Following the transaction, the chief executive officer now owns 121,958 shares in the company, valued at $19,202,287.10. The disclosure for this sale can be found here. Company insiders own 0.53% of the company’s stock.

Several analysts have weighed in on NEE shares. Morgan Stanley raised their price target on NextEra Energy from $173.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, December 13th. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 price target on the stock in a report on Tuesday, December 12th. Bank of America started coverage on NextEra Energy in a report on Tuesday, October 24th. They issued a “buy” rating and a $166.00 price target on the stock. Argus reaffirmed a “buy” rating and issued a $173.00 price target on shares of NextEra Energy in a report on Tuesday, December 5th. They noted that the move was a valuation call. Finally, Credit Suisse Group initiated coverage on NextEra Energy in a report on Thursday, December 7th. They issued an “outperform” rating and a $173.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. NextEra Energy has a consensus rating of “Buy” and an average target price of $162.00.

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

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