Oregon Public Employees Retirement Fund Purchases 1,250 Shares of NextEra Energy Inc (NEE)

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Oregon Public Employees Retirement Fund grew its position in shares of NextEra Energy Inc (NYSE:NEE) by 2.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,390 shares of the utilities provider’s stock after purchasing an additional 1,250 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in NextEra Energy were worth $8,584,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in NextEra Energy by 12.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,180,979 shares of the utilities provider’s stock worth $698,348,000 after purchasing an additional 455,401 shares during the last quarter. Janus Henderson Group PLC boosted its stake in NextEra Energy by 1.8% during the 2nd quarter. Janus Henderson Group PLC now owns 3,016,711 shares of the utilities provider’s stock worth $503,883,000 after purchasing an additional 53,173 shares during the last quarter. Legal & General Group Plc boosted its stake in NextEra Energy by 2.1% during the 2nd quarter. Legal & General Group Plc now owns 2,792,059 shares of the utilities provider’s stock worth $466,332,000 after purchasing an additional 57,093 shares during the last quarter. Commonwealth Bank of Australia boosted its stake in NextEra Energy by 3.0% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,284,434 shares of the utilities provider’s stock worth $382,551,000 after purchasing an additional 66,180 shares during the last quarter. Finally, Standard Life Aberdeen plc boosted its stake in NextEra Energy by 18.9% during the 2nd quarter. Standard Life Aberdeen plc now owns 2,067,406 shares of the utilities provider’s stock worth $345,352,000 after purchasing an additional 329,056 shares during the last quarter. 76.29% of the stock is owned by hedge funds and other institutional investors.

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 10,734 shares of the company’s stock in a transaction dated Tuesday, August 7th. The shares were 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 of the company’s stock, valued at $10,971,615.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Eric E. Silagy sold 17,000 shares of the company’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $171.91, for a total transaction of $2,922,470.00. Following the completion of the transaction, the chief executive officer now directly owns 42,898 shares in the company, valued at approximately $7,374,595.18. The disclosure for this sale can be found here. Insiders sold 36,070 shares of company stock worth $6,067,772 in the last ninety days. 0.55% of the stock is currently owned by corporate insiders.

Shares of NEE stock opened at $171.62 on Thursday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.46 and a current ratio of 0.58. The stock has a market cap of $80.22 billion, a PE ratio of 25.61, a PEG ratio of 2.62 and a beta of 0.18. NextEra Energy Inc has a twelve month low of $144.70 and a twelve month high of $175.65.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, July 25th. The utilities provider reported $2.11 earnings per share for the quarter, beating the consensus estimate of $2.06 by $0.05. The firm had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $4.51 billion. NextEra Energy had a net margin of 49.10% and a return on equity of 10.49%. The company’s revenue was down 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.86 EPS. analysts forecast that NextEra Energy Inc will post 7.76 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 17th. Shareholders of record on Thursday, August 30th will be given a $1.11 dividend. The ex-dividend date of this dividend is Wednesday, August 29th. This represents a $4.44 dividend on an annualized basis and a yield of 2.59%. NextEra Energy’s payout ratio is currently 66.27%.

Several brokerages have issued reports on NEE. Mizuho began coverage on shares of NextEra Energy in a research note on Monday, August 13th. They set a “buy” rating and a $184.00 target price on the stock. Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $191.00 target price on the stock in a research note on Wednesday, August 8th. KeyCorp lifted their target price on shares of NextEra Energy from $168.00 to $178.00 and gave the stock an “overweight” rating in a research note on Thursday, July 19th. Howard Weil began coverage on shares of NextEra Energy in a research note on Tuesday, July 24th. They set a “sector perform” rating on the stock. Finally, ValuEngine raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a research report on Thursday, August 2nd. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. NextEra Energy has a consensus rating of “Buy” and an average target price of $167.08.

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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