Bokf Na Cuts Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Bokf Na trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 24.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 110,048 shares of the utilities provider’s stock after selling 34,735 shares during the period. Bokf Na’s holdings in NextEra Energy were worth $6,975,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Avitas Wealth Management LLC boosted its position in NextEra Energy by 2.9% during the fourth quarter. Avitas Wealth Management LLC now owns 37,843 shares of the utilities provider’s stock valued at $2,299,000 after buying an additional 1,057 shares during the period. Stiles Financial Services Inc boosted its holdings in shares of NextEra Energy by 9.0% during the fourth quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock worth $2,137,000 after purchasing an additional 2,899 shares during the period. Janney Capital Management LLC boosted its holdings in shares of NextEra Energy by 9.5% during the fourth quarter. Janney Capital Management LLC now owns 46,673 shares of the utilities provider’s stock worth $2,835,000 after purchasing an additional 4,047 shares during the period. AJOVista LLC purchased a new stake in shares of NextEra Energy during the fourth quarter worth about $162,000. Finally, Intech Investment Management LLC boosted its holdings in shares of NextEra Energy by 35.7% during the first quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider’s stock worth $6,411,000 after purchasing an additional 26,382 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on NEE shares. Scotiabank increased their target price on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a report on Monday, April 22nd. Barclays increased their target price on shares of NextEra Energy from $72.00 to $75.00 and gave the stock an “equal weight” rating in a report on Friday. Bank of America increased their target price on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, April 23rd. Royal Bank of Canada raised their price objective on shares of NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. Finally, Morgan Stanley raised their price objective on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $78.00.

NextEra Energy Stock Up 1.1 %

Shares of NYSE NEE traded up $0.82 on Friday, reaching $74.26. 7,076,174 shares of the company’s stock traded hands, compared to its average volume of 10,298,145. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $80.47. The business’s 50 day simple moving average is $73.90 and its two-hundred day simple moving average is $66.08. The company has a market cap of $152.63 billion, a price-to-earnings ratio of 20.23, a price-to-earnings-growth ratio of 2.55 and a beta of 0.54. The company has a quick ratio of 0.43, a current ratio of 0.49 and a debt-to-equity ratio of 1.15.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The business had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $7.29 billion. During the same quarter last year, the firm earned $0.88 earnings per share. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 3.39 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Friday, August 30th. NextEra Energy’s dividend payout ratio is 56.13%.

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.