Intrust Bank NA Trims Holdings in NextEra Energy, Inc. (NYSE:NEE)

Intrust Bank NA reduced its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,121 shares of the utilities provider’s stock after selling 1,005 shares during the period. Intrust Bank NA’s holdings in NextEra Energy were worth $2,016,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Burkett Financial Services LLC grew its stake in shares of NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after buying an additional 332 shares during the period. Sugar Maple Asset Management LLC purchased a new position in NextEra Energy in the fourth quarter valued at approximately $28,000. Quarry LP purchased a new position in NextEra Energy in the third quarter valued at approximately $33,000. Luken Investment Analytics LLC acquired a new position in NextEra Energy during the fourth quarter valued at approximately $36,000. Finally, Midwest Capital Advisors LLC purchased a new stake in NextEra Energy during the fourth quarter worth approximately $44,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following the transaction, the chief accounting officer now owns 27,427 shares in the company, valued at $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on NEE shares. JPMorgan Chase & Co. lifted their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. Guggenheim reaffirmed a “buy” rating and issued a $89.00 target price on shares of NextEra Energy in a research report on Thursday, March 20th. BMO Capital Markets increased their target price on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Jefferies Financial Group reduced their price target on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Finally, Scotiabank increased their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $85.92.

NextEra Energy Price Performance

NEE opened at $70.44 on Friday. NextEra Energy, Inc. has a 12-month low of $61.31 and a 12-month high of $86.10. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $144.90 billion, a P/E ratio of 20.90, a PEG ratio of 2.45 and a beta of 0.58. The stock has a fifty day moving average of $70.67 and a 200-day moving average of $75.19.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Equities analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a dividend of $0.5665 per share. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a dividend yield of 3.22%. The ex-dividend date was Friday, February 28th. NextEra Energy’s payout ratio is currently 67.06%.

NextEra Energy Company 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.