Oakworth Capital Inc. Decreases Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Oakworth Capital Inc. lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 16.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,076 shares of the utilities provider’s stock after selling 4,919 shares during the period. Oakworth Capital Inc.’s holdings in NextEra Energy were worth $1,523,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in NEE. Norges Bank purchased a new stake in NextEra Energy in the 4th quarter valued at $2,774,845,000. Moneta Group Investment Advisors LLC lifted its stake in shares of NextEra Energy by 66,613.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 30,263,816 shares of the utilities provider’s stock valued at $2,530,055,000 after purchasing an additional 30,218,452 shares during the last quarter. Mizuho Markets Americas LLC acquired a new position in shares of NextEra Energy in the 3rd quarter valued at $141,817,000. Nordea Investment Management AB lifted its stake in shares of NextEra Energy by 59.1% in the 3rd quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider’s stock valued at $337,096,000 after purchasing an additional 2,148,205 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in shares of NextEra Energy by 7,999.6% in the 4th quarter. International Assets Investment Management LLC now owns 2,173,459 shares of the utilities provider’s stock valued at $132,016,000 after purchasing an additional 2,146,625 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NEE. Guggenheim upped their price target on NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. BMO Capital Markets decreased their target price on NextEra Energy from $77.00 to $68.00 and set an “outperform” rating on the stock in a research note on Tuesday. Wells Fargo & Company increased their target price on NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 19th. Mizuho reissued a “buy” rating and set a $67.00 target price (up previously from $65.00) on shares of NextEra Energy in a research note on Friday, March 15th. Finally, Barclays began coverage on NextEra Energy in a research note on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 target price on the stock. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and an average target price of $71.36.

NextEra Energy Stock Up 2.9 %

Shares of NEE traded up $1.80 during mid-day trading on Wednesday, reaching $63.50. The company’s stock had a trading volume of 11,037,934 shares, compared to its average volume of 11,804,604. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $79.78. The stock has a market cap of $130.33 billion, a PE ratio of 17.09, a price-to-earnings-growth ratio of 2.26 and a beta of 0.51. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.55 and a quick ratio of 0.47. The company’s 50 day moving average is $59.43 and its 200 day moving average is $58.35.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. The business had revenue of $6.88 billion for the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter in the prior year, the business posted $0.51 EPS. Equities analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were issued a $0.515 dividend. The ex-dividend date of this dividend was Monday, February 26th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.24%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio is presently 57.06%.

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,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.