NextEra Energy, Inc. $NEE Stock Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 61.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,750 shares of the utilities provider’s stock after selling 50,500 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in NextEra Energy were worth $2,405,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Parcion Private Wealth LLC grew its holdings in shares of NextEra Energy by 1,015.2% during the third quarter. Parcion Private Wealth LLC now owns 75,933 shares of the utilities provider’s stock valued at $5,751,000 after buying an additional 69,124 shares during the last quarter. Soltis Investment Advisors LLC increased its position in shares of NextEra Energy by 2.6% during the third quarter. Soltis Investment Advisors LLC now owns 12,632 shares of the utilities provider’s stock valued at $957,000 after acquiring an additional 320 shares in the last quarter. Harbour Trust & Investment Management Co increased its position in shares of NextEra Energy by 0.6% during the third quarter. Harbour Trust & Investment Management Co now owns 150,750 shares of the utilities provider’s stock valued at $11,418,000 after acquiring an additional 955 shares in the last quarter. Choreo LLC increased its position in shares of NextEra Energy by 0.3% during the third quarter. Choreo LLC now owns 109,722 shares of the utilities provider’s stock valued at $8,310,000 after acquiring an additional 278 shares in the last quarter. Finally, Interchange Capital Partners LLC raised its holdings in NextEra Energy by 1.4% in the 3rd quarter. Interchange Capital Partners LLC now owns 17,270 shares of the utilities provider’s stock worth $1,308,000 after acquiring an additional 241 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NEE has been the topic of several analyst reports. BTIG Research set a $106.00 price objective on NextEra Energy in a research report on Thursday, October 22nd. Morgan Stanley set a $110.00 target price on NextEra Energy and gave the company an “overweight” rating in a research note on Wednesday, October 14th. Sanford C. Bernstein reiterated an “outperform” rating and set a $108.00 target price on shares of NextEra Energy in a research note on Wednesday, October 21st. Scotiabank reduced their target price on NextEra Energy from $110.00 to $99.00 and set an “outperform” rating for the company in a report on Wednesday, September 30th. Finally, HSBC set a $103.00 price target on NextEra Energy in a research note on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $97.80.

NextEra Energy Price Performance

NEE opened at $84.17 on Wednesday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.45 and a current ratio of 0.53. The stock has a market capitalization of $176.54 billion, a P/E ratio of 15.17, a P/E/G ratio of 2.63 and a beta of 0.60. The company’s 50-day simple moving average is $80.27 and its two-hundred day simple moving average is $87.20. NextEra Energy, Inc. has a 52-week low of $74.41 and a 52-week high of $98.75.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, October 21st. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04. NextEra Energy had a net margin of 40.37% and a return on equity of 12.27%. The firm had revenue of $8.09 billion for the quarter, compared to the consensus estimate of $8.47 billion. During the same quarter last year, the firm posted $1.13 EPS. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. As a group, analysts predict that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Friday, November 27th will be issued a $0.6232 dividend. The ex-dividend date is Friday, November 27th. This represents a $2.49 annualized dividend and a yield of 3.0%. NextEra Energy’s dividend payout ratio (DPR) is currently 44.86%.

NextEra Energy Company Profile

NextEra Energy, Inc is an energy infrastructure company headquartered in Juno Beach, Florida. Through its businesses, the company generates, transmits, distributes and sells electricity, with a focus on regulated utility operations and clean energy development.

Florida Power & Light Company, NextEra Energy’s principal regulated utility, serves customers across much of Florida. FPL operates electric generation, transmission and distribution infrastructure and provides retail electricity service to residential, commercial and industrial customers.

NextEra Energy Resources develops, owns and operates renewable energy and energy storage projects, including wind and solar facilities.