Strs Ohio Buys 4,542 Shares of NextEra Energy Inc (NYSE:NEE)

Strs Ohio raised its stake in shares of NextEra Energy Inc (NYSE:NEE) by 1.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 412,296 shares of the utilities provider’s stock after purchasing an additional 4,542 shares during the quarter. Strs Ohio owned 0.09% of NextEra Energy worth $96,060,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of NextEra Energy by 1.3% in the second quarter. Vanguard Group Inc. now owns 43,282,619 shares of the utilities provider’s stock worth $8,866,878,000 after buying an additional 573,923 shares during the period. Bank of New York Mellon Corp increased its stake in shares of NextEra Energy by 3.3% in the second quarter. Bank of New York Mellon Corp now owns 4,949,645 shares of the utilities provider’s stock worth $1,013,984,000 after buying an additional 155,904 shares during the period. California Public Employees Retirement System increased its stake in shares of NextEra Energy by 19.1% in the second quarter. California Public Employees Retirement System now owns 3,437,222 shares of the utilities provider’s stock worth $704,149,000 after buying an additional 550,956 shares during the period. UBS Asset Management Americas Inc. increased its stake in shares of NextEra Energy by 41.5% in the second quarter. UBS Asset Management Americas Inc. now owns 2,524,371 shares of the utilities provider’s stock worth $517,143,000 after buying an additional 740,059 shares during the period. Finally, Bahl & Gaynor Inc. increased its stake in shares of NextEra Energy by 21.6% in the second quarter. Bahl & Gaynor Inc. now owns 2,412,212 shares of the utilities provider’s stock worth $494,166,000 after buying an additional 427,760 shares during the period. Institutional investors and hedge funds own 76.10% of the company’s stock.

A number of research analysts have issued reports on NEE shares. Barclays downgraded shares of NextEra Energy from an “overweight” rating to an “equal weight” rating and set a $218.00 price objective on the stock. in a research report on Tuesday, August 13th. Wells Fargo & Co set a $240.00 price objective on shares of NextEra Energy and gave the company a “buy” rating in a research report on Tuesday, September 3rd. ValuEngine downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Credit Suisse Group boosted their price objective on shares of NextEra Energy from $231.00 to $232.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Finally, Bank of America boosted their price objective on shares of NextEra Energy from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $224.00.

In related news, CEO James L. Robo sold 44,537 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $216.85, for a total value of $9,657,848.45. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Rudy E. Schupp sold 1,600 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $231.32, for a total transaction of $370,112.00. Following the completion of the transaction, the director now owns 16,237 shares in the company, valued at approximately $3,755,942.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 97,576 shares of company stock worth $21,514,886. 0.48% of the stock is currently owned by company insiders.

Shares of NYSE:NEE traded down $1.07 during midday trading on Monday, reaching $231.41. The company’s stock had a trading volume of 278,350 shares, compared to its average volume of 2,006,152. The firm has a 50 day moving average of $226.08 and a 200-day moving average of $208.90. The firm has a market capitalization of $110.72 billion, a P/E ratio of 30.05, a PEG ratio of 3.45 and a beta of 0.18. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 0.88. NextEra Energy Inc has a 12-month low of $164.78 and a 12-month high of $234.27.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 24th. The utilities provider reported $2.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.28 by $0.07. The firm had revenue of $4.97 billion for the quarter, compared to the consensus estimate of $4.68 billion. NextEra Energy had a net margin of 18.73% and a return on equity of 10.46%. The company’s revenue was up 22.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.08 EPS. On average, research analysts predict that NextEra Energy Inc will post 8.38 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.16%. NextEra Energy’s payout ratio is 64.94%.

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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