First Hawaiian Bank Reduces Stake in NextEra Energy, Inc. (NYSE:NEE)

First Hawaiian Bank trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 66.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,512 shares of the utilities provider's stock after selling 8,801 shares during the quarter. First Hawaiian Bank's holdings in NextEra Energy were worth $323,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Semmax Financial Advisors Inc. boosted its position in NextEra Energy by 197.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider's stock valued at $26,000 after buying an additional 225 shares during the period. Burkett Financial Services LLC boosted its holdings in shares of NextEra Energy by 1,229.6% in the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 332 shares during the period. Reston Wealth Management LLC purchased a new position in NextEra Energy during the 3rd quarter worth $27,000. Valley Wealth Managers Inc. purchased a new position in NextEra Energy during the 2nd quarter worth $33,000. Finally, Quarry LP purchased a new stake in shares of NextEra Energy in the 3rd quarter worth $33,000. Institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Performance

Shares of NEE stock traded down $3.27 during trading hours on Friday, hitting $67.39. The company's stock had a trading volume of 16,260,540 shares, compared to its average volume of 8,409,135. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. The company has a 50 day moving average of $74.23 and a 200 day moving average of $77.32. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. The stock has a market cap of $138.58 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 2.66 and a beta of 0.58.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The company had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. During the same period in the previous year, the company posted $0.94 earnings per share. NextEra Energy's revenue for the quarter was up 5.5% on a year-over-year basis. On average, sell-side analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 22nd were paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 3.06%. The ex-dividend date was Friday, November 22nd. NextEra Energy's payout ratio is 60.95%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. BMO Capital Markets lifted their price objective on NextEra Energy from $83.00 to $91.00 and gave the company an "outperform" rating in a report on Friday, October 18th. Guggenheim upped their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Barclays lifted their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the company an "equal weight" rating in a report on Friday, October 25th. Scotiabank increased their target price 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, Dbs Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 27th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $87.15.

Insider Activity

In related news, EVP Nicole J. Daggs sold 4,007 shares of the business's stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the sale, the executive vice president now directly owns 15,792 shares in the company, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.18% of the company's stock.

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.