Cullen Frost Bankers Inc. Has $7.38 Million Holdings in NextEra Energy, Inc. (NYSE:NEE)

Cullen Frost Bankers Inc. lifted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 0.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 104,112 shares of the utilities provider’s stock after acquiring an additional 480 shares during the period. Cullen Frost Bankers Inc.’s holdings in NextEra Energy were worth $7,380,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Norges Bank bought a new stake in NextEra Energy during the fourth quarter worth about $3,484,197,000. Boston Partners bought a new stake in NextEra Energy during the fourth quarter worth about $244,169,000. Two Sigma Advisers LP bought a new stake in NextEra Energy during the fourth quarter worth about $240,269,000. California Public Employees Retirement System lifted its holdings in shares of NextEra Energy by 46.7% in the fourth quarter. California Public Employees Retirement System now owns 7,910,346 shares of the utilities provider’s stock worth $567,093,000 after acquiring an additional 2,517,369 shares during the last quarter. Finally, Schroder Investment Management Group lifted its holdings in shares of NextEra Energy by 44.9% in the fourth quarter. Schroder Investment Management Group now owns 8,064,781 shares of the utilities provider’s stock worth $578,164,000 after acquiring an additional 2,499,011 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

NYSE NEE opened at $74.77 on Thursday. The company has a fifty day simple moving average of $71.85 and a 200 day simple moving average of $70.29. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.32. The company has a market cap of $153.93 billion, a P/E ratio of 28.01, a PEG ratio of 2.63 and a beta of 0.67.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.99. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The business had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.58 billion. During the same quarter last year, the firm posted $0.91 EPS. NextEra Energy’s revenue was up 9.0% compared to the same quarter last year. Sell-side analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.03%. The ex-dividend date was Monday, June 2nd. NextEra Energy’s dividend payout ratio (DPR) is presently 85.02%.

Insiders Place Their Bets

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the firm’s stock in a transaction on Friday, May 9th. The stock was sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the transaction, the executive vice president directly owned 196,817 shares in the company, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on NEE shares. Barclays raised their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the company an “equal weight” rating in a report on Thursday, July 10th. Morgan Stanley decreased their target price on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research report on Wednesday, June 18th. Guggenheim reissued a “buy” rating and set a $89.00 target price on shares of NextEra Energy in a research report on Thursday, March 20th. BMO Capital Markets decreased their target price on shares of NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Finally, Erste Group Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 8th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus target price of $84.08.

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.