NextEra Energy Inc (NEE) Holdings Reduced by Kayne Anderson Capital Advisors LP

Kayne Anderson Capital Advisors LP reduced its position in NextEra Energy Inc (NYSE:NEE) by 17.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,300 shares of the utilities provider’s stock after selling 700 shares during the quarter. Kayne Anderson Capital Advisors LP’s holdings in NextEra Energy were worth $573,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. SlateStone Wealth LLC bought a new stake in shares of NextEra Energy during the 4th quarter valued at approximately $642,000. Dimensional Fund Advisors LP grew its holdings in NextEra Energy by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 892,125 shares of the utilities provider’s stock worth $155,062,000 after acquiring an additional 26,810 shares during the last quarter. United Services Automobile Association grew its holdings in NextEra Energy by 6.1% during the 4th quarter. United Services Automobile Association now owns 551,377 shares of the utilities provider’s stock worth $95,840,000 after acquiring an additional 31,586 shares during the last quarter. Northeast Investment Management grew its holdings in NextEra Energy by 86.8% during the 4th quarter. Northeast Investment Management now owns 69,080 shares of the utilities provider’s stock worth $12,007,000 after acquiring an additional 32,099 shares during the last quarter. Finally, Townsquare Capital LLC bought a new stake in NextEra Energy during the 4th quarter worth approximately $1,017,000. 75.98% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have weighed in on NEE shares. Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $193.00 target price on the stock in a report on Wednesday, January 30th. Guggenheim reissued a “buy” rating and set a $205.00 target price on shares of NextEra Energy in a report on Monday, January 7th. Morgan Stanley boosted their target price on shares of NextEra Energy from $184.00 to $188.00 and gave the stock an “overweight” rating in a report on Tuesday, February 12th. Barclays boosted their target price on shares of NextEra Energy from $182.00 to $187.00 and gave the stock a “hold” rating in a report on Monday, November 19th. Finally, Credit Suisse Group boosted their target price on shares of NextEra Energy from $186.00 to $193.00 and gave the stock an “outperform” rating in a report on Wednesday, December 12th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $180.50.

In other news, EVP Miguel Arechabala sold 5,448 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $188.61, for a total value of $1,027,547.28. Following the transaction, the executive vice president now owns 6,348 shares in the company, valued at approximately $1,197,296.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rudy E. Schupp sold 1,600 shares of the business’s stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $170.23, for a total transaction of $272,368.00. Following the completion of the transaction, the director now owns 20,100 shares in the company, valued at approximately $3,421,623. The disclosure for this sale can be found here. Insiders sold a total of 61,909 shares of company stock worth $11,666,919 in the last 90 days. Corporate insiders own 0.55% of the company’s stock.

Shares of NYSE NEE opened at $191.24 on Friday. The company has a market capitalization of $91.32 billion, a PE ratio of 24.84, a PEG ratio of 2.93 and a beta of 0.29. NextEra Energy Inc has a 52-week low of $155.06 and a 52-week high of $192.16. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.29 and a current ratio of 0.36.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Friday, January 25th. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.51 by ($0.02). The firm had revenue of $4.39 billion during the quarter, compared to analyst estimates of $4.84 billion. NextEra Energy had a return on equity of 10.01% and a net margin of 39.74%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.25 EPS. On average, equities research analysts expect that NextEra Energy Inc will post 8.4 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 28th were given a $1.25 dividend. The ex-dividend date of this dividend was Wednesday, February 27th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.61%. This is an increase from NextEra Energy’s previous quarterly dividend of $1.11. NextEra Energy’s payout ratio is 64.94%.

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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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

Further Reading: Asset Allocation and Your Retirement

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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