Cullen Frost Bankers Inc. Sells 10,209 Shares of NextEra Energy, Inc. (NYSE:NEE)

Cullen Frost Bankers Inc. decreased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 8.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 107,892 shares of the utilities provider’s stock after selling 10,209 shares during the period. Cullen Frost Bankers Inc.’s holdings in NextEra Energy were worth $6,553,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NEE. BOK Financial Private Wealth Inc. purchased a new stake in shares of NextEra Energy in the fourth quarter worth about $29,000. Alaska Permanent Fund Corp lifted its stake in NextEra Energy by 59.8% in the 3rd quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 208 shares in the last quarter. Stuart Chaussee & Associates Inc. boosted its holdings in NextEra Energy by 315.4% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 410 shares during the period. Valued Wealth Advisors LLC purchased a new position in shares of NextEra Energy during the 4th quarter valued at $34,000. Finally, Rakuten Securities Inc. purchased a new position in shares of NextEra Energy during the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on NEE shares. Mizuho lifted their price objective on NextEra Energy from $67.00 to $71.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. BMO Capital Markets raised their price target on NextEra Energy from $72.00 to $78.00 and gave the company an “outperform” rating in a report on Tuesday. Barclays began coverage on NextEra Energy in a report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 price objective for the company. Wells Fargo & Company raised their target price on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Finally, Bank of America lifted their target price on shares of NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.93.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $72.84 on Thursday. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.12. The stock has a market cap of $149.65 billion, a PE ratio of 19.85, a PEG ratio of 2.58 and a beta of 0.50. The company’s fifty day moving average is $62.65 and its 200 day moving average is $59.94. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $78.53.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The firm had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $6.28 billion. During the same period last year, the firm earned $0.84 earnings per share. The company’s revenue for the quarter was down 14.7% compared to the same quarter last year. Research analysts anticipate that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date was Monday, February 26th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio is 56.13%.

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.