State of Alaska Department of Revenue Sells 9,902 Shares of NextEra Energy, Inc. $NEE

State of Alaska Department of Revenue decreased its stake in NextEra Energy, Inc. (NYSE:NEE) by 4.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 220,814 shares of the utilities provider’s stock after selling 9,902 shares during the period. State of Alaska Department of Revenue’s holdings in NextEra Energy were worth $16,669,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NEE. Norges Bank acquired a new stake in NextEra Energy during the 2nd quarter valued at approximately $2,375,545,000. Vanguard Group Inc. boosted its stake in shares of NextEra Energy by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 212,877,021 shares of the utilities provider’s stock valued at $14,777,923,000 after purchasing an additional 5,554,603 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of NextEra Energy by 1,765.3% during the third quarter. Assenagon Asset Management S.A. now owns 3,968,305 shares of the utilities provider’s stock worth $299,567,000 after buying an additional 3,755,563 shares during the period. Schroder Investment Management Group raised its stake in NextEra Energy by 18.7% during the second quarter. Schroder Investment Management Group now owns 10,796,329 shares of the utilities provider’s stock worth $749,481,000 after buying an additional 1,701,648 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. raised its stake in NextEra Energy by 181.9% during the second quarter. Adage Capital Partners GP L.L.C. now owns 2,185,513 shares of the utilities provider’s stock worth $151,718,000 after buying an additional 1,410,200 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on NEE shares. BMO Capital Markets reiterated an “outperform” rating and set a $89.00 price target (down from $90.00) on shares of NextEra Energy in a report on Wednesday, December 10th. Argus set a $90.00 target price on NextEra Energy in a research report on Wednesday, October 29th. UBS Group set a $91.00 target price on NextEra Energy and gave the stock a “buy” rating in a report on Wednesday, December 17th. Barclays set a $88.00 price target on NextEra Energy and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. Finally, Citigroup reaffirmed a “buy” rating and set a $96.00 price objective (up previously from $84.00) on shares of NextEra Energy in a research report on Wednesday, October 29th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.72.

Insider Buying and Selling

In other news, CEO Armando Pimentel, Jr. sold 145,140 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $83.91, for a total value of $12,178,697.40. Following the completion of the sale, the chief executive officer directly owned 162,693 shares of the company’s stock, valued at $13,651,569.63. This represents a 47.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

NextEra Energy Stock Performance

NYSE NEE opened at $79.42 on Friday. The company has a market cap of $165.40 billion, a P/E ratio of 25.29, a PEG ratio of 2.43 and a beta of 0.74. The company has a fifty day simple moving average of $82.37 and a 200 day simple moving average of $77.74. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $87.53.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.09. The firm had revenue of $7.97 billion for the quarter, compared to the consensus estimate of $8.13 billion. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The business’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.03 earnings per share. Sell-side analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 21st were paid a dividend of $0.5665 per share. The ex-dividend date was Friday, November 21st. This represents a $2.27 dividend on an annualized basis and a yield of 2.9%. NextEra Energy’s payout ratio is 72.29%.

About NextEra Energy

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.