NextEra Energy, Inc. (NYSE:NEE) Shares Sold by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,932 shares of the utilities provider’s stock after selling 2,500 shares during the period. New Mexico Educational Retirement Board’s holdings in NextEra Energy were worth $7,021,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of NEE. Burkett Financial Services LLC lifted its holdings in shares of NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 332 shares during the period. Reston Wealth Management LLC purchased a new position in shares of NextEra Energy during the 3rd quarter worth about $27,000. Sugar Maple Asset Management LLC purchased a new position in shares of NextEra Energy during the 4th quarter worth about $28,000. Quarry LP purchased a new position in shares of NextEra Energy during the 3rd quarter worth about $33,000. Finally, Luken Investment Analytics LLC purchased a new position in shares of NextEra Energy during the 4th quarter worth about $36,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Trading Down 0.8 %

NEE opened at $68.06 on Friday. The firm has a market capitalization of $139.97 billion, a P/E ratio of 20.20, a P/E/G ratio of 2.42 and a beta of 0.58. The firm’s 50 day moving average is $71.12 and its 200-day moving average is $76.86. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.33%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio (DPR) is presently 61.13%.

Analysts Set New Price Targets

NEE has been the topic of several recent analyst reports. Morgan Stanley increased their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Evercore ISI cut their price target on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. Jefferies Financial Group cut their price target on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. JPMorgan Chase & Co. cut their price target on shares of NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. Finally, Guggenheim raised their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $85.85.

NextEra Energy Profile

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.