State Board of Administration of Florida Retirement System Buys 10,325 Shares of NextEra Energy Inc (NEE)

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State Board of Administration of Florida Retirement System increased its stake in NextEra Energy Inc (NYSE:NEE) by 1.6% during the fourth quarter, Holdings Channel reports. The fund owned 664,877 shares of the utilities provider’s stock after buying an additional 10,325 shares during the period. State Board of Administration of Florida Retirement System’s holdings in NextEra Energy were worth $115,569,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Naples Global Advisors LLC grew its holdings in shares of NextEra Energy by 2.3% during the fourth quarter. Naples Global Advisors LLC now owns 5,815 shares of the utilities provider’s stock valued at $1,020,000 after buying an additional 131 shares in the last quarter. Signature Estate & Investment Advisors LLC grew its holdings in shares of NextEra Energy by 4.6% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 22,995 shares of the utilities provider’s stock valued at $3,997,000 after buying an additional 1,020 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of NextEra Energy by 220.9% during the fourth quarter. SG Americas Securities LLC now owns 85,838 shares of the utilities provider’s stock valued at $14,920,000 after buying an additional 59,093 shares in the last quarter. Hurlow Wealth Management Group Inc. purchased a new position in shares of NextEra Energy during the fourth quarter valued at $427,000. Finally, Sabal Trust CO grew its holdings in shares of NextEra Energy by 2,638.0% during the fourth quarter. Sabal Trust CO now owns 98,596 shares of the utilities provider’s stock valued at $17,137,000 after buying an additional 94,995 shares in the last quarter. Institutional investors and hedge funds own 75.86% of the company’s stock.

Shares of NYSE NEE opened at $183.01 on Friday. The company has a current ratio of 0.36, a quick ratio of 0.29 and a debt-to-equity ratio of 0.72. NextEra Energy Inc has a one year low of $145.10 and a one year high of $184.20. The stock has a market capitalization of $86.68 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 2.79 and a beta of 0.26.

NextEra Energy (NYSE:NEE) last issued its earnings results on Friday, January 25th. The utilities provider reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.02). NextEra Energy had a net margin of 39.74% and a return on equity of 10.01%. The firm had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $4.84 billion. During the same quarter last year, the firm earned $1.25 EPS. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. On average, equities research analysts anticipate that NextEra Energy Inc will post 8.4 EPS for the current fiscal year.

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 35,347 shares of the business’s stock in a transaction dated Thursday, December 6th. The stock was sold at an average price of $180.81, for a total value of $6,391,091.07. Following the transaction, the chief executive officer now owns 94,596 shares in the company, valued at $17,103,902.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Rudy E. Schupp sold 1,600 shares of the business’s stock in a transaction dated Wednesday, January 2nd. The shares were sold at an average price of $170.23, for a total value of $272,368.00. Following the completion of the transaction, the director now owns 20,100 shares in the company, valued at approximately $3,421,623. The disclosure for this sale can be found here. Insiders sold 74,678 shares of company stock worth $13,469,072 in the last 90 days. Corporate insiders own 0.55% of the company’s stock.

A number of research analysts have recently weighed in on the company. Credit Suisse Group lifted their price target on NextEra Energy from $186.00 to $193.00 and gave the company an “outperform” rating in a report on Wednesday, December 12th. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $204.00 price target on the stock in a report on Monday, December 17th. Barclays lifted their price target on NextEra Energy from $182.00 to $187.00 and gave the company a “hold” rating in a report on Monday, November 19th. Argus lifted their price target on NextEra Energy from $184.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, October 31st. Finally, Guggenheim reiterated a “buy” rating and set a $205.00 price target on shares of NextEra Energy in a report on Monday, January 7th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $178.42.

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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, 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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