Zions Bancorporation National Association UT Sells 16,712 Shares of NextEra Energy, Inc. $NEE

Zions Bancorporation National Association UT trimmed its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 63.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,608 shares of the utilities provider’s stock after selling 16,712 shares during the period. Zions Bancorporation National Association UT’s holdings in NextEra Energy were worth $725,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of NEE. Goodman Advisory Group LLC purchased a new stake in shares of NextEra Energy in the second quarter worth about $25,000. Tripletail Wealth Management LLC purchased a new stake in shares of NextEra Energy during the 3rd quarter worth approximately $25,000. Quaker Wealth Management LLC boosted its position in shares of NextEra Energy by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 772 shares during the last quarter. Howard Hughes Medical Institute purchased a new position in shares of NextEra Energy in the second quarter valued at $31,000. Finally, Rexford Capital Inc. bought a new stake in NextEra Energy in the second quarter worth $34,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Transactions at NextEra Energy

In other NextEra Energy news, CEO John W. Ketchum sold 99,603 shares of NextEra Energy stock in a transaction on Monday, February 9th. The stock was sold at an average price of $89.34, for a total transaction of $8,898,532.02. Following the completion of the sale, the chief executive officer directly owned 305,933 shares of the company’s stock, valued at $27,332,054.22. The trade was a 24.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Ronald R. Reagan sold 18,620 shares of the company’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total value of $1,675,800.00. Following the completion of the sale, the executive vice president owned 9,643 shares of the company’s stock, valued at $867,870. This represents a 65.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 159,049 shares of company stock valued at $14,194,542. 0.18% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

NEE has been the subject of several research reports. Argus set a $92.00 price objective on shares of NextEra Energy and gave the company a “buy” rating in a research report on Wednesday, January 28th. Seaport Research Partners lowered their price target on shares of NextEra Energy from $56.00 to $55.00 and set a “sell” rating for the company in a report on Monday, February 2nd. BTIG Research reissued a “buy” rating and set a $103.00 price objective on shares of NextEra Energy in a research note on Wednesday, January 28th. Citigroup reaffirmed a “buy” rating and issued a $96.00 price objective (up from $84.00) on shares of NextEra Energy in a research note on Wednesday, October 29th. Finally, BMO Capital Markets set a $95.00 target price on NextEra Energy in a research report on Thursday, January 29th. Two 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’s stock. According to data from MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and an average price target of $92.95.

NextEra Energy Price Performance

NEE opened at $92.62 on Wednesday. The business has a fifty day moving average of $84.14 and a 200 day moving average of $80.57. The stock has a market cap of $192.89 billion, a P/E ratio of 28.15, a PEG ratio of 2.90 and a beta of 0.76. The company has a quick ratio of 0.49, a current ratio of 0.60 and a debt-to-equity ratio of 1.35. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $95.56.

NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. The business had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $7.07 billion. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The business’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period last year, the company earned $0.53 earnings per share. As a group, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The business 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. The ex-dividend date is Friday, February 27th. This represents a $2.49 dividend on an annualized basis and a yield of 2.7%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.57. NextEra Energy’s payout ratio is currently 69.00%.

NextEra Energy Company 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.