NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,000 shares of the utilities provider’s stock after buying an additional 300 shares during the period. Louisiana State Employees Retirement System’s holdings in NextEra Energy were worth $4,064,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of NEE. Whalerock Point Partners LLC increased its position in NextEra Energy by 12.5% in the fourth quarter. Whalerock Point Partners LLC now owns 5,400 shares of the utilities provider’s stock worth $645,000 after buying an additional 600 shares during the period. M Holdings Securities Inc. increased its position in shares of NextEra Energy by 1.6% in the fourth quarter. M Holdings Securities Inc. now owns 3,739 shares of the utilities provider’s stock worth $447,000 after buying an additional 58 shares during the last quarter. Teachers Advisors LLC increased its position in shares of NextEra Energy by 1.4% in the fourth quarter. Teachers Advisors LLC now owns 1,738,140 shares of the utilities provider’s stock worth $207,638,000 after buying an additional 23,628 shares during the last quarter. Kentucky Retirement Systems purchased a new position in shares of NextEra Energy during the fourth quarter worth about $4,051,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of NextEra Energy during the fourth quarter worth about $1,807,000. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Shares of NextEra Energy, Inc. (NYSE NEE) traded up 0.89% during midday trading on Friday, reaching $149.93. 1,438,701 shares of the company traded hands. The stock has a market capitalization of $70.35 billion, a P/E ratio of 17.17 and a beta of 0.32. NextEra Energy, Inc. has a 1-year low of $110.49 and a 1-year high of $150.60. The stock’s 50-day moving average is $144.37 and its 200-day moving average is $136.10.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 EPS for the quarter, topping the Zacks’ consensus estimate of $1.76 by $0.10. The firm had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.44 billion. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The firm’s revenue was up 15.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.67 EPS. Equities analysts predict that NextEra Energy, Inc. will post $6.72 EPS for the current fiscal year.

The business also recently disclosed 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. The ex-dividend date is Wednesday, August 23rd. This represents a $3.93 dividend on an annualized basis and a yield of 2.62%. NextEra Energy’s payout ratio is currently 45.02%.

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A number of brokerages have recently issued reports on NEE. Morgan Stanley lifted their price objective on shares of NextEra Energy from $163.00 to $167.00 and gave the stock an “overweight” rating in a research report on Thursday, August 10th. BidaskClub raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Goldman Sachs Group, Inc. (The) assumed coverage on shares of NextEra Energy in a research report on Monday, July 24th. They set a “buy” rating and a $160.00 target price on the stock. Royal Bank Of Canada reissued an “outperform” rating and set a $147.00 target price (up previously from $144.00) on shares of NextEra Energy in a research report on Sunday, July 9th. Finally, BMO Capital Markets reissued a “buy” rating and set a $156.00 target price (up previously from $144.00) on shares of NextEra Energy in a research report on Friday, June 23rd. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $148.64.

In related news, Director James L. Robo sold 30,000 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $147.05, for a total transaction of $4,411,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Eric E. Silagy sold 8,111 shares of the company’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $140.58, for a total value of $1,140,244.38. Following the transaction, the director now owns 26,884 shares of the company’s stock, valued at $3,779,352.72. The disclosure for this sale can be found here. 0.53% of the stock is owned by corporate insiders.

About NextEra Energy

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.

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

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