NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. lifted its position in NextEra Energy, Inc. (NYSE:NEE) by 0.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 103,632 shares of the utilities provider’s stock after acquiring an additional 924 shares during the period. Cullen Frost Bankers Inc.’s holdings in NextEra Energy were worth $7,429,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Burkett Financial Services LLC boosted its position in NextEra Energy by 1,229.6% during the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC acquired a new position in shares of NextEra Energy during the 4th quarter worth approximately $28,000. Quarry LP purchased a new stake in shares of NextEra Energy in the third quarter valued at approximately $33,000. Luken Investment Analytics LLC acquired a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $36,000. Finally, Midwest Capital Advisors LLC purchased a new position in NextEra Energy during the fourth quarter worth approximately $44,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Price Performance

NEE stock opened at $69.99 on Friday. The business’s fifty day moving average price is $70.28 and its 200 day moving average price is $76.12. NextEra Energy, Inc. has a 12-month low of $55.53 and a 12-month high of $86.10. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $143.97 billion, a PE ratio of 20.77, a P/E/G ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio (DPR) is currently 67.06%.

Insiders Place Their Bets

In related news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the completion of the transaction, the chief accounting officer now directly owns 27,427 shares of the company’s stock, valued at $1,867,504.43. The trade was a 7.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. BMO Capital Markets upped their target price on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Jefferies Financial Group dropped their price objective on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Morgan Stanley lifted their target price on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. dropped their price target on shares of NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Finally, Evercore ISI reduced their price target on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research report on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $85.85.

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,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.