NextEra Energy, Inc. (NYSE:NEE) Holdings Raised by Zions Bancorporation N.A.

Zions Bancorporation N.A. increased its position in NextEra Energy, Inc. (NYSE:NEE) by 12.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 43,802 shares of the utilities provider’s stock after purchasing an additional 4,892 shares during the period. Zions Bancorporation N.A.’s holdings in NextEra Energy were worth $3,703,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Orion Portfolio Solutions LLC lifted its stake in shares of NextEra Energy by 34.0% in the 1st quarter. Orion Portfolio Solutions LLC now owns 115,131 shares of the utilities provider’s stock valued at $7,358,000 after purchasing an additional 29,189 shares during the last quarter. Leo Wealth LLC acquired a new position in NextEra Energy in the first quarter worth about $229,000. Trillium Asset Management LLC raised its holdings in shares of NextEra Energy by 633.5% in the 1st quarter. Trillium Asset Management LLC now owns 49,671 shares of the utilities provider’s stock worth $3,174,000 after buying an additional 42,899 shares in the last quarter. Brighton Jones LLC lifted its holdings in shares of NextEra Energy by 5.8% during the first quarter. Brighton Jones LLC now owns 29,849 shares of the utilities provider’s stock valued at $1,908,000 after acquiring an additional 1,627 shares during the period. Finally, Banco BTG Pactual S.A. bought a new position in NextEra Energy during the 1st quarter valued at about $952,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on NEE shares. Morgan Stanley increased their target price on NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Scotiabank upped their price target on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Dbs Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. BMO Capital Markets increased their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Finally, Royal Bank of Canada lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Eight 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, NextEra Energy has an average rating of “Hold” and a consensus price target of $86.54.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $74.24 on Thursday. The firm has a 50 day moving average of $81.70 and a 200-day moving average of $77.36. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $152.67 billion, a PE ratio of 21.96, a PEG ratio of 2.68 and a beta of 0.57.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.98 by $0.05. The business had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The company’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.94 earnings per share. On average, equities research analysts predict that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be paid a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.77%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is presently 60.95%.

Insider Buying and Selling at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the transaction, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.18% of the company’s stock.

About NextEra Energy

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.