Cypress Asset Management Inc. TX Makes New Investment in NextEra Energy, Inc. (NYSE:NEE)

Cypress Asset Management Inc. TX acquired a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 8,097 shares of the utilities provider's stock, valued at approximately $616,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NEE. Norges Bank acquired a new position in shares of NextEra Energy in the 4th quarter valued at about $3,484,197,000. Boston Partners acquired a new position in shares of NextEra Energy in the 4th quarter valued at about $244,169,000. Two Sigma Advisers LP acquired a new position in shares of NextEra Energy in the 4th quarter valued at about $240,269,000. Amundi lifted its stake in shares of NextEra Energy by 49.8% in the 4th quarter. Amundi now owns 9,543,552 shares of the utilities provider's stock valued at $676,008,000 after purchasing an additional 3,172,405 shares during the period. Finally, California Public Employees Retirement System lifted its stake in shares of NextEra Energy by 46.7% in the 4th quarter. California Public Employees Retirement System now owns 7,910,346 shares of the utilities provider's stock valued at $567,093,000 after purchasing an additional 2,517,369 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NEE has been the subject of a number of research analyst reports. Wells Fargo & Company decreased their target price on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Morgan Stanley reaffirmed an "overweight" rating on shares of NextEra Energy in a research report on Wednesday, April 23rd. UBS Group decreased their target price on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research report on Friday, May 23rd. JPMorgan Chase & Co. boosted their target price on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $89.00 target price on shares of NextEra Energy in a research report on Thursday, March 20th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $83.50.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the 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 sale, the executive vice president now owns 196,817 shares in the company, valued at $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.20% of the stock is owned by corporate insiders.

NextEra Energy Stock Performance

Shares of NYSE NEE traded down $0.82 during midday trading on Wednesday, reaching $67.22. The company's stock had a trading volume of 7,832,693 shares, compared to its average volume of 11,134,193. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The firm has a 50 day moving average price of $68.45 and a 200-day moving average price of $70.91. The stock has a market capitalization of $138.38 billion, a P/E ratio of 19.95, a PEG ratio of 2.45 and a beta of 0.69. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, hitting analysts' consensus estimates of $0.99. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The firm had revenue of $6.25 billion for the quarter, compared to the consensus estimate of $6.58 billion. During the same quarter in the previous year, the business earned $0.91 EPS. The company's revenue was up 9.0% compared to the same quarter last year. As a group, equities analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend is Monday, June 2nd. NextEra Energy's dividend payout ratio (DPR) is 84.64%.

NextEra Energy 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.