Intrust Bank NA grew its position in shares of NextEra Energy Inc (NYSE:NEE) by 0.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,406 shares of the utilities provider’s stock after acquiring an additional 103 shares during the quarter. NextEra Energy accounts for 0.7% of Intrust Bank NA’s holdings, making the stock its 24th biggest position. Intrust Bank NA’s holdings in NextEra Energy were worth $2,785,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc raised its stake in shares of NextEra Energy by 2.0% during the 3rd quarter. Vanguard Group Inc now owns 41,214,999 shares of the utilities provider’s stock worth $6,907,634,000 after purchasing an additional 815,916 shares in the last quarter. BlackRock Inc. raised its stake in shares of NextEra Energy by 2.4% during the 4th quarter. BlackRock Inc. now owns 37,651,697 shares of the utilities provider’s stock worth $6,544,616,000 after purchasing an additional 886,301 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of NextEra Energy by 17,067.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 8,822,408 shares of the utilities provider’s stock worth $51,000 after purchasing an additional 8,771,018 shares in the last quarter. Norges Bank bought a new stake in shares of NextEra Energy during the 4th quarter worth approximately $1,172,014,000. Finally, Northern Trust Corp raised its stake in shares of NextEra Energy by 4.2% during the 4th quarter. Northern Trust Corp now owns 6,679,055 shares of the utilities provider’s stock worth $1,160,953,000 after purchasing an additional 270,346 shares in the last quarter. 75.90% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently issued reports on NEE shares. Morgan Stanley upped their price objective on NextEra Energy from $184.00 to $188.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 12th. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, March 13th. Barclays upgraded NextEra Energy from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $187.00 to $207.00 in a research note on Wednesday, March 20th. They noted that the move was a valuation call. Goldman Sachs Group cut NextEra Energy from a “conviction-buy” rating to a “buy” rating and set a $194.00 price objective on the stock. in a research note on Monday, April 8th. Finally, Credit Suisse Group set a $199.00 price target on NextEra Energy and gave the company a “buy” rating in a research note on Monday, April 22nd. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. NextEra Energy currently has a consensus rating of “Buy” and an average price target of $203.46.

In other news, Director Rudy E. Schupp sold 1,600 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $191.52, for a total transaction of $306,432.00. Following the sale, the director now directly owns 19,210 shares of the company’s stock, valued at approximately $3,679,099.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Charles E. Sieving sold 5,916 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $192.20, for a total value of $1,137,055.20. Following the sale, the executive vice president now directly owns 51,454 shares in the company, valued at $9,889,458.80. The disclosure for this sale can be found here. Insiders have sold a total of 198,339 shares of company stock worth $38,475,406 in the last quarter. Company insiders own 0.48% of the company’s stock.

NEE traded up $2.64 during trading hours on Wednesday, reaching $204.61. The company’s stock had a trading volume of 21,152 shares, compared to its average volume of 2,007,498. NextEra Energy Inc has a 52 week low of $155.27 and a 52 week high of $208.47. The company has a current ratio of 0.46, a quick ratio of 0.38 and a debt-to-equity ratio of 0.79. The stock has a market cap of $97.44 billion, a PE ratio of 26.56, a price-to-earnings-growth ratio of 3.10 and a beta of 0.26.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.19. NextEra Energy had a return on equity of 10.26% and a net margin of 17.13%. The business had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.11 billion. During the same quarter in the prior year, the business earned $1.94 EPS. Equities analysts forecast that NextEra Energy Inc will post 8.35 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Friday, May 31st. NextEra Energy’s payout ratio is 64.94%.

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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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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