Taurus Asset Management LLC Has $17.79 Million Stake in NextEra Energy, Inc. (NYSE:NEE)

Taurus Asset Management LLC decreased its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 6.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 248,150 shares of the utilities provider's stock after selling 16,605 shares during the quarter. NextEra Energy comprises about 1.7% of Taurus Asset Management LLC's portfolio, making the stock its 23rd biggest holding. Taurus Asset Management LLC's holdings in NextEra Energy were worth $17,790,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of NextEra Energy during the 4th quarter worth approximately $3,484,197,000. Boston Partners bought a new position in NextEra Energy during the fourth quarter worth $244,169,000. Amundi increased 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 last quarter. California Public Employees Retirement System raised its position in shares of 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 valued at $567,093,000 after purchasing an additional 2,517,369 shares during the period. Finally, Schroder Investment Management Group raised its position in shares of NextEra Energy by 44.9% in the fourth quarter. Schroder Investment Management Group now owns 8,064,781 shares of the utilities provider's stock valued at $578,164,000 after purchasing an additional 2,499,011 shares during the period. Institutional investors own 78.72% of the company's stock.

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Analyst Ratings Changes

Several analysts recently commented on the stock. Evercore ISI decreased their price target on shares of NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a research note on Monday, January 27th. Morgan Stanley boosted their price objective on NextEra Energy from $95.00 to $97.00 and gave the stock an "overweight" rating in a report on Thursday, March 20th. BMO Capital Markets lowered their target price on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research note on Monday. Guggenheim reissued a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. Finally, Jefferies Financial Group decreased their price objective on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, NextEra Energy has an average rating of "Hold" and an average target price of $85.38.

NextEra Energy Price Performance

Shares of NYSE NEE traded down $0.10 during mid-day trading on Tuesday, reaching $67.59. The company had a trading volume of 7,851,074 shares, compared to its average volume of 10,820,029. The firm has a market cap of $139.14 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 2.45 and a beta of 0.58. The business's 50-day simple moving average is $69.83 and its 200 day simple moving average is $73.62. NextEra Energy, Inc. has a one year low of $61.31 and a one year high of $86.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47.

NextEra Energy (NYSE:NEE - Get Free Report) last released its earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. On average, research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date was Friday, February 28th. This is an increase from NextEra Energy's previous quarterly dividend of $0.52. NextEra Energy's dividend payout ratio (DPR) is currently 67.06%.

Insider Activity

In other news, CAO James Michael May sold 2,383 shares of the firm's 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 sale, the chief accounting officer now directly owns 27,427 shares in the company, valued at approximately $1,867,504.43. This trade represents a 7.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate 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.