Cullen Frost Bankers Inc. Has $6.55 Million Position in NextEra Energy, Inc. (NYSE:NEE)

Cullen Frost Bankers Inc. cut its position in NextEra Energy, Inc. (NYSE:NEE) by 8.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 107,892 shares of the utilities provider’s stock after selling 10,209 shares during the period. Cullen Frost Bankers Inc.’s holdings in NextEra Energy were worth $6,553,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Chicago Partners Investment Group LLC lifted its holdings in shares of NextEra Energy by 2.0% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 18,584 shares of the utilities provider’s stock valued at $1,065,000 after purchasing an additional 360 shares in the last quarter. Gratus Capital LLC lifted its stake in NextEra Energy by 4.5% in the third quarter. Gratus Capital LLC now owns 12,705 shares of the utilities provider’s stock valued at $728,000 after buying an additional 549 shares in the last quarter. Whittier Trust Co. boosted its holdings in shares of NextEra Energy by 7.2% in the third quarter. Whittier Trust Co. now owns 75,230 shares of the utilities provider’s stock valued at $4,310,000 after buying an additional 5,041 shares during the period. TIAA Trust National Association bought a new stake in shares of NextEra Energy during the third quarter worth $8,220,000. Finally, Brady Family Wealth LLC raised its holdings in shares of NextEra Energy by 10.7% during the third quarter. Brady Family Wealth LLC now owns 20,449 shares of the utilities provider’s stock worth $1,172,000 after acquiring an additional 1,973 shares during the period. 78.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on NEE shares. Scotiabank increased their target price on NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a report on Monday, April 22nd. StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Morgan Stanley upped their price target on NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Guggenheim lifted their price objective on shares of NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a report on Monday, January 22nd. Finally, BMO Capital Markets boosted their price objective on shares of NextEra Energy from $72.00 to $78.00 and gave the stock an “outperform” rating in a research report on Tuesday. One equities 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $71.93.

NextEra Energy Trading Up 1.2 %

NextEra Energy stock opened at $72.84 on Thursday. The stock has a 50-day simple moving average of $62.65 and a 200 day simple moving average of $59.94. The stock has a market capitalization of $149.65 billion, a P/E ratio of 19.85, a PEG ratio of 2.58 and a beta of 0.50. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $78.53.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The company had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same period in the previous year, the company posted $0.84 EPS. The firm’s revenue for the quarter was down 14.7% compared to the same quarter last year. Analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were given a $0.515 dividend. The ex-dividend date of this dividend was Monday, February 26th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a dividend yield of 2.83%. NextEra Energy’s dividend payout ratio is presently 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.