Texas Capital Bancshares Inc TX Sells 11,460 Shares of NextEra Energy, Inc. $NEE

Texas Capital Bancshares Inc TX lessened its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 84.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,072 shares of the utilities provider’s stock after selling 11,460 shares during the period. Texas Capital Bancshares Inc TX’s holdings in NextEra Energy were worth $156,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sax Wealth Advisors LLC boosted its holdings in NextEra Energy by 0.6% in the 3rd quarter. Sax Wealth Advisors LLC now owns 19,380 shares of the utilities provider’s stock valued at $1,463,000 after purchasing an additional 118 shares during the period. apricus wealth LLC increased its holdings in shares of NextEra Energy by 3.8% in the third quarter. apricus wealth LLC now owns 3,272 shares of the utilities provider’s stock worth $247,000 after purchasing an additional 120 shares during the period. Isthmus Partners LLC raised its position in shares of NextEra Energy by 1.9% in the third quarter. Isthmus Partners LLC now owns 6,590 shares of the utilities provider’s stock worth $497,000 after buying an additional 120 shares in the last quarter. Fingerlakes Wealth Management Inc. raised its position in shares of NextEra Energy by 0.8% in the third quarter. Fingerlakes Wealth Management Inc. now owns 16,215 shares of the utilities provider’s stock worth $1,224,000 after buying an additional 124 shares in the last quarter. Finally, Heritage Wealth Management Inc. boosted its stake in NextEra Energy by 1.0% during the third quarter. Heritage Wealth Management Inc. now owns 12,320 shares of the utilities provider’s stock valued at $930,000 after buying an additional 125 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Trading Up 1.2%

Shares of NEE stock opened at $92.81 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.60 and a debt-to-equity ratio of 1.35. The business has a 50-day moving average price of $88.42 and a two-hundred day moving average price of $82.83. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $95.91. The firm has a market cap of $193.38 billion, a P/E ratio of 28.21 and a beta of 0.76.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. The firm had revenue of $6.50 billion for the quarter, compared to analyst estimates of $7.07 billion. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The company’s revenue was up 20.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.53 EPS. Equities analysts anticipate 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. Shareholders of record on Friday, February 27th will be paid a $0.6232 dividend. This is an increase from NextEra Energy’s previous quarterly dividend of $0.57. This represents a $2.49 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, February 27th. NextEra Energy’s payout ratio is currently 75.68%.

Analyst Ratings Changes

Several research firms recently commented on NEE. Seaport Research Partners reduced their target price on NextEra Energy from $56.00 to $55.00 and set a “sell” rating for the company in a research report on Monday, February 2nd. Mizuho set a $90.00 price target on NextEra Energy and gave the company a “neutral” rating in a report on Wednesday, January 28th. Jefferies Financial Group set a $87.00 price target on NextEra Energy in a research report on Wednesday, January 14th. The Goldman Sachs Group upped their price objective on shares of NextEra Energy from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Finally, UBS Group raised their target price on shares of NextEra Energy from $91.00 to $104.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus price target of $94.16.

Insider Buying and Selling at NextEra Energy

In other news, EVP Charles E. Sieving sold 30,000 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total value of $2,700,000.00. Following the completion of the sale, the executive vice president owned 167,481 shares of the company’s stock, valued at approximately $15,073,290. This represents a 15.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John W. Ketchum sold 99,603 shares of the stock in a transaction on Monday, February 9th. The shares were sold at an average price of $89.34, for a total transaction of $8,898,532.02. Following the transaction, the chief executive officer directly owned 305,933 shares in the company, valued at approximately $27,332,054.22. This represents a 24.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 185,882 shares of company stock valued at $16,616,757. 0.20% of the stock is currently owned by corporate insiders.

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.