TCTC Holdings LLC Has $24.83 Million Holdings in NextEra Energy, Inc. (NYSE:NEE)

TCTC Holdings LLC raised its stake in NextEra Energy, Inc. (NYSE:NEE) by 0.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 346,306 shares of the utilities provider’s stock after acquiring an additional 2,325 shares during the quarter. NextEra Energy comprises approximately 0.9% of TCTC Holdings LLC’s investment portfolio, making the stock its 29th biggest holding. TCTC Holdings LLC’s holdings in NextEra Energy were worth $24,827,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Burkett Financial Services LLC increased its position in NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 332 shares in the last quarter. Sugar Maple Asset Management LLC acquired a new stake in NextEra Energy in the 4th quarter valued at about $28,000. Quarry LP acquired a new stake in NextEra Energy in the 3rd quarter valued at about $33,000. Luken Investment Analytics LLC acquired a new stake in shares of NextEra Energy during the 4th quarter worth approximately $36,000. Finally, Harvest Fund Management Co. Ltd grew its position in shares of NextEra Energy by 2,482.6% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 594 shares of the utilities provider’s stock worth $50,000 after buying an additional 571 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Up 1.2 %

NextEra Energy stock opened at $73.59 on Monday. 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, Inc. has a fifty-two week low of $59.44 and a fifty-two week high of $86.10. The company’s 50 day simple moving average is $70.51 and its 200 day simple moving average is $75.82. The firm has a market capitalization of $151.37 billion, a price-to-earnings ratio of 21.84, a PEG ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last announced its quarterly 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%. As a group, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be paid a $0.5665 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.08%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s payout ratio is presently 67.06%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on NEE shares. Evercore ISI lowered their price target on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research report on Monday, January 27th. BMO Capital Markets lifted their price target on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Morgan Stanley lifted their price target on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Scotiabank lifted their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. lifted their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, NextEra Energy presently has a consensus rating of “Hold” and a consensus target price of $85.92.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total value of $162,258.47. Following the transaction, the chief accounting officer now owns 27,427 shares of the company’s stock, valued at approximately $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available 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.