Texas Capital Bank Wealth Management Services Inc Sells 7,770 Shares of NextEra Energy, Inc. $NEE

Texas Capital Bank Wealth Management Services Inc cut its holdings in NextEra Energy, Inc. (NYSE:NEE) by 7.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 99,262 shares of the utilities provider’s stock after selling 7,770 shares during the period. Texas Capital Bank Wealth Management Services Inc’s holdings in NextEra Energy were worth $7,493,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Norges Bank bought a new position in NextEra Energy in the second quarter valued at $2,375,545,000. Vanguard Group Inc. lifted its position in NextEra Energy by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 212,877,021 shares of the utilities provider’s stock worth $14,777,923,000 after buying an additional 5,554,603 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in NextEra Energy by 1,765.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 3,968,305 shares of the utilities provider’s stock worth $299,567,000 after buying an additional 3,755,563 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of NextEra Energy by 18.7% during the 2nd quarter. Schroder Investment Management Group now owns 10,796,329 shares of the utilities provider’s stock worth $749,481,000 after buying an additional 1,701,648 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its stake in shares of NextEra Energy by 181.9% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 2,185,513 shares of the utilities provider’s stock worth $151,718,000 after buying an additional 1,410,200 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. HSBC lifted their target price on NextEra Energy from $96.00 to $103.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Barclays increased their price target on NextEra Energy from $84.00 to $85.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. Seaport Research Partners decreased their price target on NextEra Energy from $56.00 to $55.00 and set a “sell” rating for the company in a research note on Monday, February 2nd. Wall Street Zen raised NextEra Energy from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Argus set a $92.00 price objective on NextEra Energy and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Two equities research 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. According to data from MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and a consensus price target of $94.16.

NextEra Energy Stock Up 1.2%

NEE opened at $92.81 on Friday. The stock’s fifty day simple moving average is $88.42 and its 200 day simple moving average is $82.83. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $95.91. The stock has a market cap of $193.38 billion, a PE ratio of 28.21 and a beta of 0.76. 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 released its quarterly earnings data on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The firm had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $7.07 billion. During the same period in the previous year, the business posted $0.53 earnings per share. The company’s revenue for the quarter was up 20.7% compared to the same quarter last year. As a group, research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The business 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 dividend of $0.6232 per share. The ex-dividend date is Friday, February 27th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.7%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.57. NextEra Energy’s dividend payout ratio is 75.68%.

Insider Buying and Selling at NextEra Energy

In related news, Treasurer James Michael May sold 7,161 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $90.27, for a total value of $646,423.47. Following the transaction, the treasurer owned 26,719 shares in the company, valued at approximately $2,411,924.13. This represents a 21.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Charles E. Sieving sold 30,000 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 transaction of $2,700,000.00. Following the completion of the transaction, the executive vice president directly owned 167,481 shares in the company, valued at approximately $15,073,290. This represents a 15.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 185,882 shares of company stock worth $16,616,757 in the last ninety days. Insiders own 0.20% of the company’s stock.

NextEra Energy Profile

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.