First Financial Bankshares Inc Acquires 53,228 Shares of NextEra Energy, Inc. $NEE

First Financial Bankshares Inc boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 7.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 786,525 shares of the utilities provider’s stock after purchasing an additional 53,228 shares during the quarter. First Financial Bankshares Inc’s holdings in NextEra Energy were worth $55,757,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC raised its position in shares of NextEra Energy by 7.0% in the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after buying an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of NextEra Energy by 6.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after buying an additional 298 shares in the last quarter. Freestone Grove Partners LP acquired a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $898,000. BNP Paribas raised its position in shares of NextEra Energy by 22.2% in the 4th quarter. BNP Paribas now owns 24,982 shares of the utilities provider’s stock valued at $1,791,000 after buying an additional 4,532 shares in the last quarter. Finally, BIP Wealth LLC raised its position in shares of NextEra Energy by 34.4% in the 4th quarter. BIP Wealth LLC now owns 5,219 shares of the utilities provider’s stock valued at $374,000 after buying an additional 1,336 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Down 0.1%

Shares of NEE opened at $72.03 on Monday. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The stock has a market capitalization of $148.34 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 2.48 and a beta of 0.65. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. The stock has a fifty day moving average of $73.20 and a 200-day moving average of $70.97.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The company had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.52 billion. During the same period in the prior year, the company earned $0.96 EPS. NextEra Energy’s revenue was up 10.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Thursday, August 28th. NextEra Energy’s dividend payout ratio is presently 79.37%.

Insiders Place Their Bets

In related news, Treasurer James Michael May sold 2,177 shares of the business’s stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the sale, the treasurer owned 27,662 shares of the company’s stock, valued at $2,143,805. The trade was a 7.30% 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. Also, EVP Robert Coffey sold 7,500 shares of the business’s stock in a transaction on Monday, July 28th. The stock was sold at an average price of $71.84, for a total transaction of $538,800.00. Following the completion of the sale, the executive vice president directly owned 26,539 shares in the company, valued at approximately $1,906,561.76. This represents a 22.03% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

NEE has been the subject of a number of recent analyst reports. UBS Group cut their price target on shares of NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a report on Friday, May 23rd. JPMorgan Chase & Co. boosted their price objective on shares of NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, August 22nd. Melius Research upgraded shares of NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. Mizuho set a $78.00 price objective on shares of NextEra Energy in a research report on Thursday, August 21st. Finally, BMO Capital Markets boosted their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and an average price target of $84.00.

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.