First Financial Bankshares Inc Has $71.76 Million Stock Holdings in NextEra Energy, Inc. $NEE

First Financial Bankshares Inc lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.8% in the third quarter, Holdings Channel.com reports. The fund owned 950,633 shares of the utilities provider’s stock after acquiring an additional 16,545 shares during the quarter. NextEra Energy makes up approximately 1.5% of First Financial Bankshares Inc’s investment portfolio, making the stock its 23rd biggest position. First Financial Bankshares Inc’s holdings in NextEra Energy were worth $71,763,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Compound Planning Inc. boosted its holdings in NextEra Energy by 15.5% in the third quarter. Compound Planning Inc. now owns 38,168 shares of the utilities provider’s stock valued at $2,881,000 after acquiring an additional 5,110 shares during the last quarter. Cvfg LLC raised its holdings in NextEra Energy by 4.3% during the 3rd quarter. Cvfg LLC now owns 11,327 shares of the utilities provider’s stock worth $855,000 after purchasing an additional 472 shares during the last quarter. Stonebrook Private Inc. lifted its position in shares of NextEra Energy by 3.6% in the 3rd quarter. Stonebrook Private Inc. now owns 19,860 shares of the utilities provider’s stock worth $1,499,000 after purchasing an additional 697 shares during the period. M. Kulyk & Associates LLC boosted its stake in shares of NextEra Energy by 119.6% in the 3rd quarter. M. Kulyk & Associates LLC now owns 96,524 shares of the utilities provider’s stock valued at $7,287,000 after purchasing an additional 52,570 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its position in NextEra Energy by 2.8% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 8,983 shares of the utilities provider’s stock valued at $678,000 after acquiring an additional 248 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

Shares of NEE stock opened at $94.03 on Tuesday. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $95.56. The firm has a market capitalization of $195.91 billion, a PE ratio of 28.58, a price-to-earnings-growth ratio of 2.85 and a beta of 0.75. The firm has a fifty day simple moving average of $85.00 and a two-hundred day simple moving average of $81.16. The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35.

NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.01. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The company had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $7.07 billion. During the same quarter in the previous year, the firm earned $0.53 earnings per share. NextEra Energy’s quarterly revenue was up 20.7% on a year-over-year basis. Analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be paid a $0.6232 dividend. This represents a $2.49 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, February 27th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.57. NextEra Energy’s dividend payout ratio (DPR) is currently 69.00%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Jefferies Financial Group set a $87.00 price objective on NextEra Energy in a research note on Wednesday, January 14th. UBS Group set a $91.00 target price on NextEra Energy and gave the stock a “buy” rating in a report on Wednesday, December 17th. BMO Capital Markets set a $95.00 price target on NextEra Energy in a research note on Thursday, January 29th. HSBC raised their price objective on shares of NextEra Energy from $94.00 to $95.00 in a research report on Monday, November 10th. Finally, Erste Group Bank upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $93.05.

Insider Activity

In other news, EVP Ronald R. Reagan sold 18,620 shares of the stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total value of $1,675,800.00. Following the completion of the sale, the executive vice president owned 9,643 shares in the company, valued at $867,870. This represents a 65.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Charles E. Sieving sold 30,000 shares of the business’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total transaction of $2,700,000.00. Following the transaction, the executive vice president owned 167,481 shares in the company, valued at approximately $15,073,290. This trade represents a 15.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 159,049 shares of company stock worth $14,194,542 over the last quarter. Insiders own 0.18% of the company’s stock.

About NextEra Energy

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.