NextEra Energy, Inc. (NYSE:NEE) Shares Sold by HITE Hedge Asset Management LLC

HITE Hedge Asset Management LLC lessened its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 34.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 200,000 shares of the utilities provider's stock after selling 105,224 shares during the quarter. HITE Hedge Asset Management LLC's holdings in NextEra Energy were worth $14,338,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Norges Bank bought a new position in shares of NextEra Energy in the fourth quarter worth about $3,484,197,000. Boston Partners purchased a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $244,169,000. Amundi boosted its holdings in shares of NextEra Energy by 49.8% in the fourth quarter. Amundi now owns 9,543,552 shares of the utilities provider's stock valued at $676,008,000 after purchasing an additional 3,172,405 shares during the period. California Public Employees Retirement System grew its stake in NextEra Energy by 46.7% in the fourth quarter. California Public Employees Retirement System now owns 7,910,346 shares of the utilities provider's stock worth $567,093,000 after purchasing an additional 2,517,369 shares in the last quarter. Finally, Schroder Investment Management Group increased its holdings in NextEra Energy by 44.9% during the 4th quarter. Schroder Investment Management Group now owns 8,064,781 shares of the utilities provider's stock worth $578,164,000 after purchasing an additional 2,499,011 shares during the period. 78.72% of the stock is owned by hedge funds and other 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 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 transaction, the chief accounting officer now directly owns 27,427 shares of the company's stock, valued at approximately $1,867,504.43. This trade represents a 7.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.18% of the stock is currently owned by insiders.

NextEra Energy Trading Down 2.4 %

Shares of NYSE:NEE traded down $1.57 during midday trading on Monday, reaching $64.74. 11,568,070 shares of the company's stock were exchanged, compared to its average volume of 10,796,645. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. The stock has a market cap of $133.27 billion, a price-to-earnings ratio of 19.21, a P/E/G ratio of 2.45 and a beta of 0.58. The firm's 50 day simple moving average is $69.63 and its two-hundred day simple moving average is $73.14. 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 (NYSE:NEE - Get Free Report) last announced its quarterly earnings data 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 forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm 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 a boost from NextEra Energy's previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend was Friday, February 28th. NextEra Energy's dividend payout ratio is currently 67.06%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NEE shares. Jefferies Financial Group lowered their price target on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. JPMorgan Chase & Co. boosted their price target on NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. Morgan Stanley dropped their price objective on NextEra Energy from $97.00 to $94.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. BMO Capital Markets reduced their target price on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Finally, Evercore ISI cut their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a research report on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.15.

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.