Kentucky Retirement Systems Insurance Trust Fund Has $5.14 Million Holdings in NextEra Energy, Inc. (NYSE:NEE)

Kentucky Retirement Systems Insurance Trust Fund trimmed its stake in NextEra Energy, Inc. (NYSE:NEE) by 8.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,829 shares of the utilities provider’s stock after selling 5,438 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in NextEra Energy were worth $5,142,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Meridian Investment Counsel Inc. increased its stake in shares of NextEra Energy by 1.3% in the third quarter. Meridian Investment Counsel Inc. now owns 15,010 shares of the utilities provider’s stock valued at $1,269,000 after buying an additional 190 shares during the period. Spectrum Investment Advisors Inc. bought a new stake in NextEra Energy in the third quarter valued at approximately $208,000. Gouws Capital LLC increased its position in NextEra Energy by 1.1% during the 3rd quarter. Gouws Capital LLC now owns 71,248 shares of the utilities provider’s stock valued at $6,023,000 after purchasing an additional 800 shares during the period. Empowered Funds LLC raised its holdings in NextEra Energy by 8.1% during the 3rd quarter. Empowered Funds LLC now owns 39,735 shares of the utilities provider’s stock worth $3,359,000 after purchasing an additional 2,974 shares during the last quarter. Finally, Empirical Finance LLC lifted its position in shares of NextEra Energy by 2.2% in the 3rd quarter. Empirical Finance LLC now owns 69,774 shares of the utilities provider’s stock worth $5,898,000 after purchasing an additional 1,509 shares during the period. 78.72% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the transaction, the executive vice president now owns 15,792 shares in the company, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Jefferies Financial Group initiated coverage on NextEra Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $87.00 price objective for the company. Scotiabank upped their target price on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Guggenheim raised their target price on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Barclays raised their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $86.54.

NextEra Energy Stock Up 1.4 %

NEE opened at $76.33 on Friday. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The firm has a market capitalization of $156.97 billion, a P/E ratio of 22.58, a PEG ratio of 2.68 and a beta of 0.57. The company’s 50-day moving average is $81.53 and its 200 day moving average is $77.41. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.98 by $0.05. The firm had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.94 EPS. Research analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s dividend payout ratio is presently 60.95%.

NextEra Energy Company 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.