Taurus Asset Management LLC Sells 11,085 Shares of NextEra Energy, Inc. (NYSE:NEE)

Taurus Asset Management LLC reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 4.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 264,755 shares of the utilities provider's stock after selling 11,085 shares during the period. NextEra Energy accounts for 2.2% of Taurus Asset Management LLC's investment portfolio, making the stock its 18th biggest holding. Taurus Asset Management LLC's holdings in NextEra Energy were worth $22,380,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Catalytic Wealth RIA LLC acquired a new position in shares of NextEra Energy during the 1st quarter worth $212,000. Rockport Wealth LLC bought a new position in NextEra Energy during the first quarter valued at about $231,000. O Shaughnessy Asset Management LLC lifted its position in shares of NextEra Energy by 26.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 147,600 shares of the utilities provider's stock worth $9,433,000 after buying an additional 30,457 shares during the last quarter. PYA Waltman Capital LLC boosted its stake in shares of NextEra Energy by 10.4% during the 1st quarter. PYA Waltman Capital LLC now owns 12,176 shares of the utilities provider's stock worth $778,000 after acquiring an additional 1,143 shares in the last quarter. Finally, Atlanta Consulting Group Advisors LLC acquired a new position in shares of NextEra Energy during the 1st quarter valued at about $334,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the transaction, the executive vice president now directly owns 15,792 shares of the company's stock, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.18% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on NEE. Scotiabank boosted their target price on NextEra Energy from $73.00 to $92.00 and gave the stock a "sector outperform" rating in a report on Tuesday, August 20th. JPMorgan Chase & Co. upped their price objective on shares of NextEra Energy from $91.00 to $94.00 and gave the stock an "overweight" rating in a report on Friday, August 2nd. Wells Fargo & Company raised their target price on shares of NextEra Energy from $95.00 to $102.00 and gave the company an "overweight" rating in a research note on Tuesday, September 3rd. Dbs Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 27th. Finally, Barclays raised their price target on NextEra Energy from $80.00 to $82.00 and gave the company an "equal weight" rating in a research report on Friday, October 25th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $86.54.

NextEra Energy Stock Performance

Shares of NYSE:NEE traded down $0.12 during trading on Monday, hitting $76.23. 3,877,246 shares of the stock were exchanged, compared to its average volume of 10,920,851. The company's fifty day simple moving average is $81.53 and its 200-day simple moving average is $77.55. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The company has a market capitalization of $156.76 billion, a price-to-earnings ratio of 22.59, a price-to-earnings-growth ratio of 2.76 and a beta of 0.57. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The firm had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. During the same quarter in the previous year, the company earned $0.94 earnings per share. The business's revenue was up 5.5% compared to the same quarter last year. Sell-side analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy's dividend payout ratio (DPR) is presently 60.95%.

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.