NextEra Energy, Inc. (NYSE:NEE) Position Increased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.8% in the 4th quarter, Holdings Channel reports. The firm owned 1,168,838 shares of the utilities provider’s stock after purchasing an additional 9,268 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in NextEra Energy were worth $70,995,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. bought a new stake in NextEra Energy during the fourth quarter valued at $29,000. Rakuten Securities Inc. bought a new stake in NextEra Energy during the fourth quarter valued at $34,000. Alaska Permanent Fund Corp boosted its holdings in shares of NextEra Energy by 59.8% during the third quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 208 shares during the period. Valued Wealth Advisors LLC acquired a new position in shares of NextEra Energy during the fourth quarter valued at $34,000. Finally, HBC Financial Services PLLC acquired a new position in shares of NextEra Energy during the fourth quarter valued at $36,000. Institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NEE. Mizuho boosted their price target on shares of NextEra Energy from $67.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday. Morgan Stanley boosted their price target on shares of NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Monday. Wells Fargo & Company boosted their price target on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, March 19th. Scotiabank boosted their price target on shares of NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a report on Monday. Finally, Barclays began coverage on shares of NextEra Energy in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, NextEra Energy currently has an average rating of “Moderate Buy” and an average price target of $71.50.

NextEra Energy Trading Down 1.3 %

NYSE NEE traded down $0.89 on Friday, hitting $66.01. 9,982,530 shares of the company were exchanged, compared to its average volume of 11,912,114. The company’s 50 day moving average price is $60.67 and its 200-day moving average price is $58.94. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.47. The firm has a market capitalization of $135.62 billion, a P/E ratio of 18.23, a price-to-earnings-growth ratio of 2.45 and a beta of 0.51. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $78.53.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.11. The firm had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The business’s revenue for the quarter was down 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.84 EPS. Analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 3.12%. The ex-dividend date was Monday, February 26th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s payout ratio is presently 56.13%.

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.