First Financial Bankshares Inc Buys 10,571 Shares of NextEra Energy, Inc. (NYSE:NEE)

First Financial Bankshares Inc increased its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 733,297 shares of the utilities provider's stock after purchasing an additional 10,571 shares during the quarter. First Financial Bankshares Inc's holdings in NextEra Energy were worth $52,570,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Generali Investments Management Co LLC bought a new stake in NextEra Energy during the fourth quarter worth about $546,000. Vinva Investment Management Ltd lifted its holdings in shares of NextEra Energy by 51.9% in the fourth quarter. Vinva Investment Management Ltd now owns 77,433 shares of the utilities provider's stock worth $5,557,000 after acquiring an additional 26,441 shares during the last quarter. Bestgate Wealth Advisors LLC bought a new position in shares of NextEra Energy in the fourth quarter worth about $240,000. Bank of Marin lifted its holdings in shares of NextEra Energy by 12.2% in the fourth quarter. Bank of Marin now owns 4,607 shares of the utilities provider's stock worth $330,000 after acquiring an additional 500 shares during the last quarter. Finally, Fox Hill Wealth Management lifted its holdings in shares of NextEra Energy by 3.4% in the fourth quarter. Fox Hill Wealth Management now owns 18,962 shares of the utilities provider's stock worth $1,359,000 after acquiring an additional 624 shares during the last quarter. Institutional investors own 78.72% of the company's stock.

Wall Street Analysts Forecast Growth

NEE has been the subject of a number of research reports. Morgan Stanley increased their target price on shares of NextEra Energy from $95.00 to $97.00 and gave the stock an "overweight" rating in a report on Thursday. Jefferies Financial Group dropped their target price on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. JPMorgan Chase & Co. increased their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Scotiabank upped their price objective on NextEra Energy from $92.00 to $96.00 and gave the company a "sector outperform" rating in a research note on Thursday, December 12th. Finally, Evercore ISI lowered their price objective on NextEra Energy from $84.00 to $79.00 and set an "in-line" rating for the company in a research note on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $85.92.

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Insider Transactions at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the completion of 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 filing with the SEC, which is available through this link. Insiders own 0.18% of the company's stock.

NextEra Energy Trading Down 0.3 %

NYSE:NEE traded down $0.24 on Friday, reaching $70.92. 15,780,329 shares of the stock traded hands, compared to its average volume of 10,155,195. The firm has a market capitalization of $145.87 billion, a price-to-earnings ratio of 21.04, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The company's 50 day moving average is $70.62 and its 200-day moving average is $75.53. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a 1-year low of $61.30 and a 1-year high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last released its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting analysts' consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a dividend of $0.5665 per share. This is an increase 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 3.20%. NextEra Energy's dividend payout ratio (DPR) is 67.06%.

About NextEra Energy

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.