NextEra Energy, Inc. (NYSE:NEE) Stock Position Decreased by Oakworth Capital Inc.

Oakworth Capital Inc. cut its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 16.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of NextEra Energy by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock worth $11,368,065,000 after purchasing an additional 1,956,153 shares in the last quarter. Norges Bank bought a new position in shares of NextEra Energy in the 4th quarter valued at approximately $2,774,845,000. Moneta Group Investment Advisors LLC raised 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 acquiring an additional 30,218,452 shares in the last quarter. Northern Trust Corp raised its stake in shares of NextEra Energy by 2.0% in the 3rd quarter. Northern Trust Corp now owns 22,982,250 shares of the utilities provider’s stock valued at $1,316,653,000 after acquiring an additional 455,271 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of NextEra Energy by 1.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 19,626,941 shares of the utilities provider’s stock valued at $1,538,947,000 after acquiring an additional 315,356 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Trading Up 2.9 %

Shares of NEE stock traded up $1.80 on Wednesday, reaching $63.50. 11,037,934 shares of the stock were exchanged, compared to its average volume of 11,804,604. The stock has a market cap of $130.33 billion, a PE ratio of 17.09, a P/E/G ratio of 2.26 and a beta of 0.51. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $79.78. 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 stock has a 50 day moving average price of $59.43 and a 200 day moving average price of $58.35.

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

NextEra Energy Increases Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have commented on NEE. Guggenheim lifted their price target on NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Royal Bank of Canada reissued an “outperform” rating and set a $74.00 price objective on shares of NextEra Energy in a report on Tuesday, January 30th. Wells Fargo & Company lifted their price objective on NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. Mizuho reissued a “buy” rating and set a $67.00 price objective (up previously from $65.00) on shares of NextEra Energy in a report on Friday, March 15th. Finally, StockNews.com lowered NextEra Energy from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and a consensus price target of $71.36.

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.