Illinois Municipal Retirement Fund Has $1.84 Million Position in NextEra Energy, Inc. (NYSE:NEE)

Illinois Municipal Retirement Fund lowered its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 38.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,221 shares of the utilities provider’s stock after selling 18,692 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in NextEra Energy were worth $1,836,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. BOK Financial Private Wealth Inc. acquired a new stake in shares of NextEra Energy during the fourth quarter worth about $29,000. Alaska Permanent Fund Corp raised its position in shares of NextEra Energy by 59.8% during the third quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 208 shares during the period. Valued Wealth Advisors LLC acquired a new stake in shares of NextEra Energy during the fourth quarter worth about $34,000. Rakuten Securities Inc. acquired a new stake in NextEra Energy in the 4th quarter valued at approximately $34,000. Finally, HBC Financial Services PLLC bought a new stake in NextEra Energy in the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Up 0.5 %

NEE stock opened at $66.90 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.47 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $137.45 billion, a PE ratio of 18.23, a PEG ratio of 2.45 and a beta of 0.51. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $78.53. The business’s 50 day simple moving average is $60.67 and its 200 day simple moving average is $58.94.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The business had revenue of $5.73 billion for the quarter, compared to analyst estimates of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The firm’s revenue was down 14.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.84 EPS. As a group, research analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were issued a dividend of $0.515 per share. The ex-dividend date of this dividend was Monday, February 26th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.08%. NextEra Energy’s payout ratio is presently 56.13%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on NEE shares. Morgan Stanley boosted their target price on NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Monday. StockNews.com upgraded NextEra Energy from a “sell” rating to a “hold” rating in a research note on Monday. Scotiabank boosted their target price on NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research note on Monday. Wells Fargo & Company boosted their target price on NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Finally, Barclays initiated coverage on NextEra Energy in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $71.50.

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.