First Financial Bankshares Inc Purchases 10,571 Shares of NextEra Energy, Inc. (NYSE:NEE)

First Financial Bankshares Inc boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 733,297 shares of the utilities provider’s stock after acquiring an additional 10,571 shares during the period. First Financial Bankshares Inc’s holdings in NextEra Energy were worth $52,570,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NEE. Burkett Financial Services LLC grew its stake in shares of NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 332 shares during the period. Sugar Maple Asset Management LLC bought a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $28,000. Quarry LP bought a new stake in shares of NextEra Energy in the 3rd quarter valued at approximately $33,000. Luken Investment Analytics LLC bought a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $36,000. Finally, Midwest Capital Advisors LLC bought a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $44,000. 78.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group lowered their price objective on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. JPMorgan Chase & Co. upped their price objective on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. Evercore ISI reduced their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. Scotiabank boosted their target price on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Finally, Morgan Stanley boosted their target price on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, NextEra Energy presently has a consensus rating of “Hold” and a consensus target price of $85.92.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the completion of the sale, the chief accounting officer now owns 27,427 shares in the company, valued at approximately $1,867,504.43. The trade was a 7.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Stock Down 2.1 %

NYSE:NEE opened at $70.63 on Wednesday. The stock’s fifty day moving average price is $70.54 and its two-hundred day moving average price is $75.70. NextEra Energy, Inc. has a 52-week low of $60.26 and a 52-week high of $86.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The company has a market cap of $145.28 billion, a price-to-earnings ratio of 20.96, a P/E/G ratio of 2.45 and a beta of 0.58.

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

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a dividend of $0.5665 per share. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.21%. NextEra Energy’s payout ratio is presently 67.06%.

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.