Taurus Asset Management LLC Sells 16,605 Shares of NextEra Energy, Inc. (NYSE:NEE)

Taurus Asset Management LLC lessened its holdings in NextEra Energy, Inc. (NYSE:NEE) by 6.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 248,150 shares of the utilities provider’s stock after selling 16,605 shares during the quarter. NextEra Energy makes up approximately 1.7% of Taurus Asset Management LLC’s holdings, making the stock its 23rd biggest holding. Taurus Asset Management LLC’s holdings in NextEra Energy were worth $17,790,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Burkett Financial Services LLC boosted its stake in NextEra Energy by 1,229.6% in the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC bought a new position in shares of NextEra Energy in the 4th quarter worth $28,000. WealthTrak Capital Management LLC bought a new position in shares of NextEra Energy in the 4th quarter worth $33,000. Luken Investment Analytics LLC acquired a new stake in shares of NextEra Energy during the fourth quarter worth $36,000. Finally, Midwest Capital Advisors LLC bought a new stake in NextEra Energy in the fourth quarter valued at about $44,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NEE opened at $65.72 on Friday. The business’s 50-day simple moving average is $69.89 and its 200 day simple moving average is $73.84. NextEra Energy, Inc. has a 52-week low of $61.31 and a 52-week 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. The firm has a market capitalization of $135.29 billion, a PE ratio of 19.50, a PEG ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. As a group, sell-side analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend 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 67.06%.

Insider Transactions at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the business’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 transaction of $162,258.47. Following the transaction, the chief accounting officer now owns 27,427 shares of the company’s stock, valued at $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on NEE shares. Evercore ISI decreased their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research report on Monday, January 27th. BMO Capital Markets upped their target price on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Jefferies Financial Group reduced their price target on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. JPMorgan Chase & Co. upped their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Finally, Guggenheim reiterated a “buy” rating and set a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, NextEra Energy presently has an average rating of “Hold” and an average target price of $85.92.

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.