Adams Diversified Equity Fund Inc. Sells 49,500 Shares of NextEra Energy, Inc. (NYSE:NEE)

Adams Diversified Equity Fund Inc. reduced its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 15.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 265,300 shares of the utilities provider's stock after selling 49,500 shares during the period. Adams Diversified Equity Fund Inc.'s holdings in NextEra Energy were worth $19,019,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Second Line Capital LLC boosted its holdings in NextEra Energy by 4.7% during the third quarter. Second Line Capital LLC now owns 3,097 shares of the utilities provider's stock valued at $262,000 after acquiring an additional 139 shares during the period. Accel Wealth Management boosted its stake in NextEra Energy by 1.7% during the 4th quarter. Accel Wealth Management now owns 8,615 shares of the utilities provider's stock valued at $618,000 after purchasing an additional 145 shares during the period. L.M. Kohn & Company grew its holdings in NextEra Energy by 1.0% in the 4th quarter. L.M. Kohn & Company now owns 15,353 shares of the utilities provider's stock valued at $1,101,000 after buying an additional 145 shares during the last quarter. 1ST Source Bank increased its position in NextEra Energy by 0.4% in the 3rd quarter. 1ST Source Bank now owns 34,178 shares of the utilities provider's stock worth $2,889,000 after buying an additional 147 shares during the period. Finally, Tortoise Investment Management LLC lifted its holdings in shares of NextEra Energy by 8.3% during the fourth quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider's stock worth $139,000 after buying an additional 149 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

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NextEra Energy Price Performance

NextEra Energy stock traded down $1.37 during mid-day trading on Tuesday, hitting $68.70. 12,616,170 shares of the company were exchanged, compared to its average volume of 10,151,328. The company has a market capitalization of $141.32 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The business has a fifty day moving average of $70.68 and a 200 day moving average of $75.42. NextEra Energy, Inc. has a 1-year low of $61.30 and a 1-year high of $86.10. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting 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 expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a $0.5665 dividend. This is an increase from NextEra Energy's previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a dividend yield of 3.30%. The ex-dividend date was Friday, February 28th. NextEra Energy's payout ratio is presently 67.06%.

Insider Buying and Selling

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NEE. Scotiabank raised their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a "sector outperform" rating in a research note on Thursday, December 12th. BMO Capital Markets boosted their price objective on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Morgan Stanley increased their target price on shares of NextEra Energy from $95.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday, March 20th. Guggenheim restated a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a research note on Thursday, March 20th. Finally, Jefferies Financial Group reduced their price objective on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $85.92.

NextEra Energy Company 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.