Bokf Na Buys 7,501 Shares of NextEra Energy, Inc. (NYSE:NEE)

BOKF NA lifted its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 7.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 108,276 shares of the utilities provider's stock after acquiring an additional 7,501 shares during the quarter. BOKF NA's holdings in NextEra Energy were worth $7,296,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Sugar Maple Asset Management LLC bought a new stake in shares of NextEra Energy in the 4th quarter worth approximately $28,000. Bellwether Advisors LLC bought a new stake in NextEra Energy in the fourth quarter valued at $30,000. WealthTrak Capital Management LLC acquired a new position in shares of NextEra Energy during the fourth quarter valued at $33,000. Luken Investment Analytics LLC bought a new position in shares of NextEra Energy during the fourth quarter worth about $36,000. Finally, Midwest Capital Advisors LLC acquired a new stake in shares of NextEra Energy in the 4th quarter worth about $44,000. 78.72% of the stock is currently owned by institutional investors.

Insider Activity

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following the transaction, the chief accounting officer now directly owns 27,427 shares of the company's stock, valued at $1,867,504.43. This represents a 7.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Barclays decreased their target price on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 29th. Morgan Stanley restated an "overweight" rating on shares of NextEra Energy in a research report on Wednesday, April 23rd. Jefferies Financial Group reduced their price target on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Erste Group Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday. Finally, Evercore ISI reduced their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an "in-line" rating for the company in a report on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, NextEra Energy currently has an average rating of "Hold" and an average target price of $83.46.

NextEra Energy Trading Up 3.0 %

Shares of NYSE NEE traded up $2.05 during mid-day trading on Friday, hitting $70.37. 17,324,949 shares of the company traded hands, compared to its average volume of 10,768,414. The business has a 50 day moving average of $68.73 and a two-hundred day moving average of $71.64. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $144.87 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 2.45 and a beta of 0.69. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting the consensus estimate of $0.99. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The business had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.58 billion. During the same quarter in the prior year, the firm earned $0.91 EPS. The firm's quarterly revenue was up 9.0% on a year-over-year basis. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were paid a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from NextEra Energy's previous quarterly dividend of $0.52. NextEra Energy's payout ratio is 84.64%.

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.