First Financial Bankshares Inc Makes New $27.88 Million Investment in NextEra Energy, Inc. (NYSE:NEE)

First Financial Bankshares Inc bought a new position in NextEra Energy, Inc. (NYSE:NEE) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 458,932 shares of the utilities provider’s stock, valued at approximately $27,876,000.

Several other hedge funds also recently bought and sold shares of NEE. Norges Bank acquired a new stake in shares of NextEra Energy during the fourth quarter worth $2,561,055,000. Mizuho Markets Americas LLC acquired a new stake in shares of NextEra Energy during the third quarter worth $141,817,000. Nordea Investment Management AB raised its holdings in shares of NextEra Energy by 59.1% during the third quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider’s stock worth $337,096,000 after acquiring an additional 2,148,205 shares during the period. International Assets Investment Management LLC raised its holdings in shares of NextEra Energy by 7,999.6% during the fourth quarter. International Assets Investment Management LLC now owns 2,173,459 shares of the utilities provider’s stock worth $132,016,000 after acquiring an additional 2,146,625 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of NextEra Energy by 1.0% during the third quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock worth $11,368,065,000 after acquiring an additional 1,956,153 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NEE has been the topic of a number of research analyst reports. Mizuho raised their price objective on shares of NextEra Energy from $67.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Bank of America raised their price objective on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, April 23rd. StockNews.com raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Morgan Stanley raised their target price on shares of NextEra Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. Finally, BMO Capital Markets raised their target price on shares of NextEra Energy from $72.00 to $78.00 and gave the company an “outperform” rating in a research report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and an average target price of $73.50.

NextEra Energy Stock Performance

Shares of NEE traded down $4.57 during midday trading on Tuesday, reaching $72.40. The stock had a trading volume of 16,642,107 shares, compared to its average volume of 11,699,839. The firm has a 50 day simple moving average of $70.79 and a 200-day simple moving average of $63.20. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $80.47. The firm has a market cap of $148.75 billion, a PE ratio of 19.78, a P/E/G ratio of 2.76 and a beta of 0.56. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12.

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

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Monday, June 3rd. NextEra Energy’s payout ratio is 56.13%.

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.