NextEra Energy, Inc. $NEE Shares Sold by Texas Permanent School Fund Corp

by · The Markets Daily

Texas Permanent School Fund Corp trimmed its position in NextEra Energy, Inc. (NYSE:NEE – Free Report) by 40.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 144,394 shares of the utilities provider’s stock after selling 96,885 shares during the period. Texas Permanent School Fund Corp’s holdings in NextEra Energy were worth $10,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Arkfeld Wealth Strategies L.L.C. increased its holdings in shares of NextEra Energy by 0.9% in the second quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider’s stock valued at $1,140,000 after purchasing an additional 136 shares during the period. Veltria Advisors Corp. boosted its position in NextEra Energy by 4.8% in the second quarter. Veltria Advisors Corp. now owns 3,024 shares of the utilities provider’s stock valued at $210,000 after buying an additional 139 shares during the last quarter. Pine Haven Investment Counsel Inc increased its holdings in NextEra Energy by 2.3% in the 2nd quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider’s stock worth $441,000 after buying an additional 140 shares during the period. McKinley Carter Wealth Services Inc. increased its holdings in NextEra Energy by 0.4% in the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 33,925 shares of the utilities provider’s stock worth $2,355,000 after buying an additional 142 shares during the period. Finally, Tradition Wealth Management LLC raised its position in NextEra Energy by 2.2% during the 1st quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider’s stock worth $470,000 after buying an additional 143 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Up 0.1%

NEE stock opened at $81.72 on Tuesday. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $87.53. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.30. The firm has a market cap of $170.19 billion, a P/E ratio of 26.03, a PEG ratio of 2.75 and a beta of 0.74. The company’s 50-day simple moving average is $83.67 and its 200-day simple moving average is $76.76.

NextEra Energy (NYSE:NEE – Get Free Report) last released its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.09. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The company had revenue of $7.97 billion during the quarter, compared to analysts’ expectations of $8.13 billion. During the same quarter in the prior year, the firm posted $1.03 EPS. NextEra Energy’s quarterly revenue was up 5.3% compared to the same quarter last year. As a group, equities analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 21st were paid a $0.5665 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a $2.27 dividend on an annualized basis and a yield of 2.8%. NextEra Energy’s dividend payout ratio (DPR) is currently 72.29%.

Insider Activity at NextEra Energy

In related news, EVP Mark Lemasney sold 846 shares of the business’s stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total value of $63,365.40. Following the completion of the sale, the executive vice president owned 9,267 shares of the company’s stock, valued at approximately $694,098.30. The trade was a 8.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of the stock in a transaction on Monday, November 17th. The shares were sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the transaction, the chief executive officer directly owned 162,693 shares in the company, valued at approximately $13,651,569.63. The trade was a 47.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 157,322 shares of company stock valued at $13,148,943. 0.18% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on NEE shares. Argus set a $90.00 target price on shares of NextEra Energy in a report on Wednesday, October 29th. Mizuho increased their price target on NextEra Energy from $78.00 to $88.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. Melius Research raised NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. Citigroup restated a “buy” rating and issued a $96.00 target price (up previously from $84.00) on shares of NextEra Energy in a research note on Wednesday, October 29th. Finally, Weiss Ratings raised NextEra Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 8th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.72.

View Our Latest Stock Analysis on NEE

About NextEra Energy

(Free Report)

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.

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