Cypress Asset Management Inc. TX Sells 6,400 Shares of NextEra Energy, Inc. (NYSE:NEE)

Cypress Asset Management Inc. TX trimmed its holdings in NextEra Energy, Inc. (NYSE:NEE) by 35.4% in the first quarter, Holdings Channel reports. The fund owned 11,668 shares of the utilities provider’s stock after selling 6,400 shares during the period. Cypress Asset Management Inc. TX’s holdings in NextEra Energy were worth $778,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of NEE. Clear Investment Research LLC lifted its stake in NextEra Energy by 387.2% in the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock valued at $28,000 after buying an additional 364 shares in the last quarter. BOK Financial Private Wealth Inc. bought a new stake in shares of NextEra Energy in the fourth quarter worth $29,000. American Capital Advisory LLC grew its stake in NextEra Energy by 74.5% in the first quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 205 shares in the last quarter. Stuart Chaussee & Associates Inc. increased its position in shares of NextEra Energy by 315.4% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 410 shares during the last quarter. Finally, Rakuten Securities Inc. bought a new stake in shares of NextEra Energy during the 4th quarter worth approximately $34,000. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Price Performance

Shares of NYSE:NEE traded up $0.81 during trading on Friday, reaching $79.20. 14,513,109 shares of the company traded hands, compared to its average volume of 10,270,118. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $80.56. The firm has a market capitalization of $162.78 billion, a PE ratio of 21.58, a PEG ratio of 2.84 and a beta of 0.54. The company’s 50 day moving average is $73.93 and its two-hundred day moving average is $66.62.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.03. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The business had revenue of $6.07 billion during the quarter, compared to analysts’ expectations of $7.29 billion. During the same quarter in the prior year, the business posted $0.88 earnings per share. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.39 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date is Friday, August 30th. NextEra Energy’s dividend payout ratio is presently 56.13%.

Analyst Ratings Changes

Several equities analysts recently weighed in on NEE shares. Bank of America raised their target price on shares of NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, April 23rd. Barclays lifted their price objective on shares of NextEra Energy from $72.00 to $75.00 and gave the company an “equal weight” rating in a research report on Friday, July 26th. Citigroup boosted their price objective on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Wells Fargo & Company reiterated an “overweight” rating and issued a $95.00 target price on shares of NextEra Energy in a research note on Wednesday, June 12th. Finally, Evercore ISI upped their price objective on NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a research note on Wednesday, June 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $78.29.

Insider Buying and Selling

In other news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the sale, the executive vice president now directly owns 100 shares in the company, valued at approximately $7,697. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.18% of the stock is owned by corporate insiders.

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.