NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Adams Diversified Equity Fund Inc.

Adams Diversified Equity Fund Inc. decreased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 15.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 265,300 shares of the utilities provider’s stock after selling 49,500 shares during the period. Adams Diversified Equity Fund Inc.’s holdings in NextEra Energy were worth $19,019,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Second Line Capital LLC increased its position in shares of NextEra Energy by 4.7% during the third quarter. Second Line Capital LLC now owns 3,097 shares of the utilities provider’s stock worth $262,000 after acquiring an additional 139 shares during the last quarter. Accel Wealth Management increased its position in shares of NextEra Energy by 1.7% during the fourth quarter. Accel Wealth Management now owns 8,615 shares of the utilities provider’s stock worth $618,000 after acquiring an additional 145 shares during the last quarter. L.M. Kohn & Company increased its position 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 worth $1,101,000 after acquiring 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 worth $2,889,000 after acquiring an additional 147 shares during the last quarter. Finally, Tortoise Investment Management LLC increased its position in shares of NextEra Energy by 8.3% during the fourth 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 and hedge funds own 78.72% of the company’s stock.

Insider Buying and Selling

In related 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 sale, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lifted their price target on NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. Jefferies Financial Group decreased their price target on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Guggenheim reiterated a “buy” rating and issued a $89.00 price target on shares of NextEra Energy in a research note on Thursday. Scotiabank lifted their price target on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Finally, BMO Capital Markets lifted their price target on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Eight 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, the company currently has an average rating of “Hold” and an average target price of $85.92.

NextEra Energy Stock Performance

NEE opened at $71.17 on Friday. The business’s 50 day moving average is $70.55 and its 200-day moving average is $75.63. The stock has a market cap of $146.40 billion, a PE ratio of 21.12, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a twelve month low of $61.29 and a twelve month high of $86.10.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share 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, analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s 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.