State Board of Administration of Florida Retirement System boosted its stake in shares of NextEra Energy Inc (NYSE:NEE) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 664,216 shares of the utilities provider’s stock after acquiring an additional 10,181 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.14% of NextEra Energy worth $110,944,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in NEE. Gables Capital Management Inc. bought a new stake in shares of NextEra Energy during the first quarter worth $105,000. Howe & Rusling Inc. grew its holdings in shares of NextEra Energy by 70.5% during the second quarter. Howe & Rusling Inc. now owns 902 shares of the utilities provider’s stock worth $151,000 after purchasing an additional 373 shares during the last quarter. Centersquare Investment Management LLC bought a new stake in shares of NextEra Energy during the first quarter worth $150,000. Stelac Advisory Services LLC bought a new stake in shares of NextEra Energy during the first quarter worth $151,000. Finally, Aristotle Capital Management LLC bought a new stake in shares of NextEra Energy during the first quarter worth $152,000. Hedge funds and other institutional investors own 75.78% of the company’s stock.

NextEra Energy stock opened at $170.93 on Friday. The stock has a market capitalization of $80.57 billion, a P/E ratio of 25.51, a PEG ratio of 2.63 and a beta of 0.24. NextEra Energy Inc has a 12-month low of $144.70 and a 12-month high of $173.06. The company has a current ratio of 0.58, a quick ratio of 0.46 and a debt-to-equity ratio of 0.78.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 25th. The utilities provider reported $2.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.05. The business had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4.51 billion. NextEra Energy had a return on equity of 10.49% and a net margin of 49.10%. The firm’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.86 earnings per share. equities analysts predict that NextEra Energy Inc will post 7.74 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 17th. Investors of record on Thursday, August 30th will be issued a $1.11 dividend. This represents a $4.44 annualized dividend and a yield of 2.60%. The ex-dividend date is Wednesday, August 29th. NextEra Energy’s dividend payout ratio is 66.27%.

In related news, CEO Armando Pimentel, Jr. sold 10,734 shares of the firm’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $170.98, for a total value of $1,835,299.32. Following the transaction, the chief executive officer now owns 64,169 shares in the company, valued at $10,971,615.62. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Eric E. Silagy sold 11,114 shares of the firm’s stock in a transaction dated Monday, May 14th. The shares were sold at an average price of $160.82, for a total value of $1,787,353.48. Following the completion of the transaction, the director now owns 25,898 shares in the company, valued at approximately $4,164,916.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 129,673 shares of company stock worth $20,534,245. 0.55% of the stock is owned by company insiders.

Several analysts have recently commented on NEE shares. Morgan Stanley increased their target price on NextEra Energy from $168.00 to $174.00 and gave the stock an “overweight” rating in a report on Monday, April 16th. KeyCorp increased their target price on NextEra Energy from $165.00 to $168.00 and gave the stock an “overweight” rating in a report on Wednesday, April 18th. JPMorgan Chase & Co. increased their target price on NextEra Energy from $170.00 to $171.00 and gave the stock an “overweight” rating in a report on Thursday, April 26th. ValuEngine cut NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, May 17th. Finally, Barclays started coverage on NextEra Energy in a report on Tuesday, July 10th. They set an “equal weight” rating and a $182.00 target price on the stock. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $165.67.

About NextEra Energy

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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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

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