Texas Capital Bank Wealth Management Services Inc Has $7.49 Million Stock Holdings in NextEra Energy, Inc. $NEE

Texas Capital Bank Wealth Management Services Inc decreased its position in NextEra Energy, Inc. (NYSE:NEE) by 7.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 99,262 shares of the utilities provider’s stock after selling 7,770 shares during the period. Texas Capital Bank Wealth Management Services Inc’s holdings in NextEra Energy were worth $7,493,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NEE. Wedbush Securities Inc. boosted its stake in NextEra Energy by 24.8% in the third quarter. Wedbush Securities Inc. now owns 64,158 shares of the utilities provider’s stock valued at $4,843,000 after acquiring an additional 12,738 shares during the last quarter. Varma Mutual Pension Insurance Co raised its position in shares of NextEra Energy by 5.0% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 326,193 shares of the utilities provider’s stock valued at $24,624,000 after acquiring an additional 15,600 shares during the last quarter. National Pension Service raised its position in shares of NextEra Energy by 1.3% during the 3rd quarter. National Pension Service now owns 4,845,447 shares of the utilities provider’s stock valued at $365,783,000 after acquiring an additional 60,324 shares during the last quarter. Synergy Asset Management LLC lifted its stake in shares of NextEra Energy by 286.0% in the 3rd quarter. Synergy Asset Management LLC now owns 22,028 shares of the utilities provider’s stock valued at $1,594,000 after purchasing an additional 16,322 shares during the period. Finally, Y Intercept Hong Kong Ltd lifted its stake in shares of NextEra Energy by 61.8% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 60,985 shares of the utilities provider’s stock valued at $4,604,000 after purchasing an additional 23,288 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on NEE shares. JPMorgan Chase & Co. raised their price target on NextEra Energy from $94.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, December 11th. Barclays increased their target price on NextEra Energy from $84.00 to $85.00 and gave the company an “equal weight” rating in a research note on Thursday, January 15th. BMO Capital Markets set a $95.00 target price on NextEra Energy in a report on Thursday, January 29th. Jefferies Financial Group set a $87.00 target price on NextEra Energy in a research report on Wednesday, January 14th. Finally, Wall Street Zen raised NextEra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and an average target price of $94.16.

NextEra Energy Stock Performance

Shares of NEE stock opened at $92.81 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.60. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $95.91. The company’s 50 day moving average price is $88.42 and its two-hundred day moving average price is $82.83. The company has a market capitalization of $193.38 billion, a P/E ratio of 28.21 and a beta of 0.76.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.01. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The company had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $7.07 billion. During the same quarter in the prior year, the company earned $0.53 earnings per share. The business’s quarterly revenue was up 20.7% compared to the same quarter last year. On average, analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be paid a $0.6232 dividend. This represents a $2.49 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, February 27th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.57. NextEra Energy’s dividend payout ratio (DPR) is currently 75.68%.

Insider Transactions at NextEra Energy

In other NextEra Energy news, Treasurer James Michael May sold 7,161 shares of the stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $90.27, for a total transaction of $646,423.47. Following the completion of the transaction, the treasurer owned 26,719 shares in the company, valued at approximately $2,411,924.13. This represents a 21.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Charles E. Sieving sold 30,000 shares of NextEra Energy stock in a transaction dated 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 directly owned 167,481 shares in the company, valued at $15,073,290. This represents a 15.19% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 185,882 shares of company stock worth $16,616,757. Company insiders own 0.20% of the company’s stock.

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.