Zions Bancorporation N.A. Sells 20,614 Shares of NextEra Energy, Inc. (NYSE:NEE)

Zions Bancorporation N.A. decreased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 47.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,188 shares of the utilities provider’s stock after selling 20,614 shares during the quarter. Zions Bancorporation N.A.’s holdings in NextEra Energy were worth $1,662,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Second Line Capital LLC raised its stake in shares of NextEra Energy by 4.7% during the 3rd quarter. Second Line Capital LLC now owns 3,097 shares of the utilities provider’s stock valued at $262,000 after purchasing an additional 139 shares during the period. Accel Wealth Management increased its position in shares of NextEra Energy by 1.7% during the fourth quarter. Accel Wealth Management now owns 8,615 shares of the utilities provider’s stock valued at $618,000 after buying an additional 145 shares during the period. L.M. Kohn & Company lifted its holdings in shares of NextEra Energy by 1.0% in the fourth quarter. L.M. Kohn & Company now owns 15,353 shares of the utilities provider’s stock worth $1,101,000 after buying an additional 145 shares in the last quarter. 1ST Source Bank boosted its position in shares of NextEra Energy by 0.4% in the third quarter. 1ST Source Bank now owns 34,178 shares of the utilities provider’s stock valued at $2,889,000 after acquiring an additional 147 shares during the period. Finally, Tortoise Investment Management LLC grew its stake in NextEra Energy by 8.3% during the fourth quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider’s stock valued at $139,000 after acquiring an additional 149 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

NEE stock opened at $68.70 on Wednesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The firm has a market cap of $141.32 billion, a P/E ratio of 20.39, a P/E/G ratio of 2.45 and a beta of 0.58. The firm’s fifty day moving average is $70.70 and its 200 day moving average is $75.34. NextEra Energy, Inc. has a 52 week low of $61.30 and a 52 week high of $86.10.

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

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a $0.5665 dividend. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date was Friday, February 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.30%. NextEra Energy’s dividend payout ratio (DPR) is currently 67.06%.

Analysts Set New Price Targets

Several analysts have issued reports on NEE shares. Guggenheim reiterated a “buy” rating and issued a $89.00 target price on shares of NextEra Energy in a research note on Thursday, March 20th. JPMorgan Chase & Co. boosted their target price on NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Morgan Stanley upped their target price on NextEra Energy from $95.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, March 20th. Scotiabank lifted their price target on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Finally, Jefferies Financial Group decreased their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $85.92.

Insider Buying and Selling

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total value of $162,258.47. Following the sale, the chief accounting officer now owns 27,427 shares of the company’s stock, valued at $1,867,504.43. This trade represents a 7.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by insiders.

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.