TIAA Trust National Association Sells 2,153 Shares of NextEra Energy, Inc. (NYSE:NEE)

TIAA Trust National Association trimmed its position in NextEra Energy, Inc. (NYSE:NEE) by 1.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,707 shares of the utilities provider’s stock after selling 2,153 shares during the period. TIAA Trust National Association’s holdings in NextEra Energy were worth $7,650,000 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. Clear Investment Research LLC increased its holdings in NextEra Energy by 387.2% during the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 364 shares in the last quarter. BOK Financial Private Wealth Inc. purchased a new position in shares of NextEra Energy in the 4th quarter worth approximately $29,000. American Capital Advisory LLC boosted its stake in shares of NextEra Energy by 74.5% in the 1st quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock worth $31,000 after buying an additional 205 shares during the last quarter. Stuart Chaussee & Associates Inc. boosted its stake in shares of NextEra Energy by 315.4% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after buying an additional 410 shares during the last quarter. Finally, Rakuten Securities Inc. purchased a new position in shares of NextEra Energy in the 4th quarter worth approximately $34,000. 78.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada boosted their target price on NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 12th. Scotiabank boosted their target price on NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research note on Monday, April 22nd. Mizuho downgraded NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price on the stock. in a research note on Wednesday, June 12th. Wells Fargo & Company reiterated an “overweight” rating and issued a $95.00 price objective on shares of NextEra Energy in a research note on Wednesday, June 12th. Finally, Bank of America upped their price objective on NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $77.79.

NextEra Energy Stock Performance

NEE stock traded up $0.33 during midday trading on Friday, reaching $72.00. 7,752,092 shares of the company’s stock traded hands, compared to its average volume of 10,712,420. The company has a 50-day moving average price of $74.13 and a two-hundred day moving average price of $65.68. 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 $80.47. The firm has a market capitalization of $147.93 billion, a PE ratio of 19.62, a price-to-earnings-growth ratio of 2.47 and a beta of 0.54.

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

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were issued a $0.515 dividend. The ex-dividend date was Monday, June 3rd. This represents a $2.06 annualized dividend and a dividend yield of 2.86%. NextEra Energy’s payout ratio is currently 56.13%.

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.