TCTC Holdings LLC Has $24.76 Million Position in NextEra Energy, Inc. (NYSE:NEE)

TCTC Holdings LLC raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 349,285 shares of the utilities provider’s stock after buying an additional 2,979 shares during the quarter. TCTC Holdings LLC’s holdings in NextEra Energy were worth $24,761,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC grew its position in shares of NextEra Energy by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 43,778,016 shares of the utilities provider’s stock valued at $3,129,132,000 after purchasing an additional 1,359,268 shares during the period. Northern Trust Corp grew its position in shares of NextEra Energy by 9.6% in the 4th quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider’s stock valued at $1,655,353,000 after purchasing an additional 2,030,331 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of NextEra Energy by 15.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,921,721 shares of the utilities provider’s stock valued at $926,358,000 after purchasing an additional 1,707,933 shares during the period. Cohen & Steers Inc. grew its position in shares of NextEra Energy by 1.0% in the 4th quarter. Cohen & Steers Inc. now owns 5,262,515 shares of the utilities provider’s stock valued at $377,270,000 after purchasing an additional 53,759 shares during the period. Finally, FIL Ltd grew its position in shares of NextEra Energy by 7.7% in the 4th quarter. FIL Ltd now owns 5,062,634 shares of the utilities provider’s stock valued at $362,940,000 after purchasing an additional 362,997 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $70.00, for a total value of $1,657,880.00. Following the completion of the transaction, the executive vice president directly owned 196,817 shares in the company, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Treasurer James Michael May sold 2,177 shares of the stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the sale, the treasurer directly owned 27,662 shares of the company’s stock, valued at approximately $2,143,805. The trade was a 7.30% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on NEE. Wells Fargo & Company decreased their price objective on NextEra Energy from $102.00 to $97.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. Morgan Stanley reduced their price target on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research report on Wednesday, June 18th. HSBC reduced their price target on NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Friday, July 11th. Barclays upped their price target on NextEra Energy from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 10th. Finally, UBS Group reduced their price target on NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a research report on Friday, May 23rd. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and an average target price of $84.42.

NextEra Energy Trading Down 0.7%

Shares of NextEra Energy stock opened at $71.34 on Tuesday. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The stock has a market cap of $146.91 billion, a P/E ratio of 24.94, a P/E/G ratio of 2.48 and a beta of 0.67. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. The business’s 50 day moving average is $72.19 and its 200-day moving average is $70.46.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%. The firm’s revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.96 EPS. Equities research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date is Thursday, August 28th. NextEra Energy’s dividend payout ratio is 79.37%.

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.