Tortoise Capital Advisors L.L.C. Sells 740,792 Shares of NextEra Energy, Inc. (NYSE:NEE)

Tortoise Capital Advisors L.L.C. decreased its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 67.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 349,963 shares of the utilities provider's stock after selling 740,792 shares during the period. NextEra Energy accounts for 0.3% of Tortoise Capital Advisors L.L.C.'s investment portfolio, making the stock its 29th biggest holding. Tortoise Capital Advisors L.L.C.'s holdings in NextEra Energy were worth $25,089,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Accel Wealth Management grew its holdings in NextEra Energy by 1.7% in the 4th quarter. Accel Wealth Management now owns 8,615 shares of the utilities provider's stock valued at $618,000 after buying an additional 145 shares during the last quarter. L.M. Kohn & Company grew its stake in shares of NextEra Energy by 1.0% in the fourth quarter. L.M. Kohn & Company now owns 15,353 shares of the utilities provider's stock worth $1,101,000 after acquiring an additional 145 shares during the last quarter. 1ST Source Bank increased its position in NextEra Energy by 0.4% during the third quarter. 1ST Source Bank now owns 34,178 shares of the utilities provider's stock worth $2,889,000 after acquiring an additional 147 shares during the period. Tortoise Investment Management LLC raised its stake in NextEra Energy by 8.3% during the 4th quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider's stock valued at $139,000 after purchasing an additional 149 shares during the last quarter. Finally, Baker Ellis Asset Management LLC grew its position in NextEra Energy by 1.3% in the 4th quarter. Baker Ellis Asset Management LLC now owns 11,666 shares of the utilities provider's stock worth $836,000 after purchasing an additional 150 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NEE has been the subject of a number of research analyst reports. Barclays cut their price objective on shares of NextEra Energy from $77.00 to $73.00 and set an "equal weight" rating for the company in a research report on Tuesday. Erste Group Bank upgraded NextEra Energy to a "strong-buy" rating in a research report on Wednesday, April 16th. Guggenheim restated a "buy" rating and set a $89.00 price objective on shares of NextEra Energy in a research report on Thursday, March 20th. BMO Capital Markets decreased their price target on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Finally, Morgan Stanley dropped their price objective on shares of NextEra Energy from $97.00 to $94.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Eight research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $84.08.

Insider Buying and Selling

In other news, CAO James Michael May sold 2,383 shares of NextEra Energy 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 completion of the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

NextEra Energy Price Performance

NEE stock traded down $0.81 during midday trading on Thursday, reaching $66.46. 13,722,526 shares of the company's stock traded hands, compared to its average volume of 10,827,160. The company has a 50-day simple moving average of $69.48 and a two-hundred day simple moving average of $72.92. 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, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The company has a market cap of $136.81 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting analysts' consensus estimates of $0.99. The company had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. On average, analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were paid 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 3.41%. The ex-dividend date of this dividend was Friday, February 28th. NextEra Energy's dividend payout ratio is 67.06%.

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.