Bank OZK Sells 435 Shares of NextEra Energy, Inc. (NYSE:NEE)

Bank OZK cut its stake in NextEra Energy, Inc. (NYSE:NEE) by 3.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 11,774 shares of the utilities provider’s stock after selling 435 shares during the period. Bank OZK’s holdings in NextEra Energy were worth $844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of NEE. Howard Capital Management Group LLC boosted its holdings in NextEra Energy by 1.8% in the 3rd quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider’s stock valued at $25,293,000 after purchasing an additional 5,409 shares during the period. Diversify Wealth Management LLC bought a new position in shares of NextEra Energy during the 3rd quarter worth about $331,000. JFS Wealth Advisors LLC lifted its holdings in shares of NextEra Energy by 39.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 4,388 shares of the utilities provider’s stock worth $371,000 after acquiring an additional 1,243 shares during the period. Reston Wealth Management LLC bought a new position in shares of NextEra Energy during the 3rd quarter worth about $27,000. Finally, Aspen Wealth Strategies LLC bought a new position in shares of NextEra Energy during the 3rd quarter worth about $495,000. 78.72% of the stock is owned by institutional investors.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total value of $162,258.47. Following the completion of the sale, the chief accounting officer now owns 27,427 shares in the company, valued at approximately $1,867,504.43. This trade represents a 7.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Trading Up 1.1 %

NEE opened at $70.17 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $144.34 billion, a PE ratio of 20.82, a PEG ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The firm has a 50-day moving average price of $70.44 and a two-hundred day moving average price of $76.32.

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

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 3.23%. The ex-dividend date is Friday, February 28th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio (DPR) is presently 67.06%.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. Morgan Stanley raised their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Jefferies Financial Group reduced their price objective on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. 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. Finally, Scotiabank lifted their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Hold” and a consensus target price of $85.85.

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.