Shelton Capital Management Sells 217 Shares of NextEra Energy, Inc. (NYSE:NEE)

Shelton Capital Management lessened its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 135,120 shares of the utilities provider’s stock after selling 217 shares during the period. Shelton Capital Management’s holdings in NextEra Energy were worth $9,687,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Second Line Capital LLC grew its position in NextEra Energy by 4.7% during the 3rd quarter. Second Line Capital LLC now owns 3,097 shares of the utilities provider’s stock valued at $262,000 after purchasing an additional 139 shares during the last quarter. Accel Wealth Management lifted its stake in shares of NextEra Energy by 1.7% in the fourth quarter. Accel Wealth Management now owns 8,615 shares of the utilities provider’s stock worth $618,000 after buying an additional 145 shares in the last quarter. L.M. Kohn & Company grew its holdings in shares of NextEra Energy by 1.0% during the fourth 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 shares of NextEra Energy by 0.4% during the third quarter. 1ST Source Bank now owns 34,178 shares of the utilities provider’s stock valued at $2,889,000 after acquiring an additional 147 shares in the last quarter. Finally, Tortoise Investment Management LLC raised its holdings in NextEra Energy by 8.3% in the 4th quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider’s stock worth $139,000 after acquiring an additional 149 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NEE. Morgan Stanley raised their price target on shares of NextEra Energy from $95.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, March 20th. Scotiabank boosted their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Guggenheim restated a “buy” rating and issued a $89.00 price target on shares of NextEra Energy in a research note on Thursday, March 20th. JPMorgan Chase & Co. upped their price objective on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Finally, Evercore ISI dropped their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research report on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $85.92.

Insiders Place Their Bets

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 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 $1,867,504.43. This trade represents a 7.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

NEE stock opened at $65.03 on Tuesday. The company has a market capitalization of $133.87 billion, a PE ratio of 19.30, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The company’s fifty day moving average price is $70.48 and its 200-day moving average price is $74.46. 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) last announced its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. On average, equities analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a dividend of $0.5665 per share. The ex-dividend date was Friday, February 28th. This represents a $2.27 annualized dividend and a yield of 3.48%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio (DPR) is 67.06%.

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.