Oregon Public Employees Retirement Fund Has $12.35 Million Stock Position in NextEra Energy, Inc. $NEE

Oregon Public Employees Retirement Fund raised its stake in NextEra Energy, Inc. (NYSE:NEE) by 0.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 177,967 shares of the utilities provider’s stock after acquiring an additional 1,300 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in NextEra Energy were worth $12,354,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC increased its stake in shares of NextEra Energy by 7.0% in the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after buying an additional 1,840 shares during the period. Revolve Wealth Partners LLC lifted its stake in shares of NextEra Energy by 6.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after acquiring an additional 298 shares during the period. GAMMA Investing LLC boosted its holdings in NextEra Energy by 20.7% in the first quarter. GAMMA Investing LLC now owns 34,681 shares of the utilities provider’s stock valued at $2,459,000 after acquiring an additional 5,949 shares during the last quarter. Krilogy Financial LLC increased its position in NextEra Energy by 3.7% in the first quarter. Krilogy Financial LLC now owns 10,902 shares of the utilities provider’s stock worth $773,000 after purchasing an additional 389 shares during the period. Finally, Hennessy Advisors Inc. increased its position in NextEra Energy by 23.3% in the first quarter. Hennessy Advisors Inc. now owns 10,570 shares of the utilities provider’s stock worth $749,000 after purchasing an additional 2,000 shares during the period. 78.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NEE has been the topic of a number of research reports. BMO Capital Markets upped their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Melius Research upgraded shares of NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. Mizuho set a $78.00 price objective on shares of NextEra Energy in a research note on Thursday, August 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of NextEra Energy in a research report on Saturday, September 27th. Finally, Melius assumed coverage on NextEra Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $85.08.

Insider Activity

In related news, EVP Mark Lemasney sold 846 shares of the firm’s stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction of $63,365.40. Following the sale, the executive vice president directly owned 9,267 shares in the company, valued at $694,098.30. This trade represents a 8.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Robert Coffey sold 7,500 shares of the business’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $71.84, for a total transaction of $538,800.00. Following the completion of the sale, the executive vice president directly owned 26,539 shares in the company, valued at $1,906,561.76. This represents a 22.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,705 shares of company stock worth $2,446,490. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

NEE opened at $83.30 on Monday. The stock has a market cap of $171.54 billion, a P/E ratio of 29.13, a P/E/G ratio of 2.82 and a beta of 0.66. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.00. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. The company has a fifty day simple moving average of $74.20 and a 200 day simple moving average of $71.75.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. During the same period in the previous year, the company posted $0.96 earnings per share. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were paid a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy’s dividend payout ratio is presently 79.37%.

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.