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

Shelton Capital Management decreased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.2% during the fourth quarter, HoldingsChannel reports. The institutional investor 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 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in NextEra Energy by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 205,297,225 shares of the utilities provider’s stock worth $14,717,758,000 after purchasing an additional 2,090,538 shares during the period. Norges Bank purchased a new position in NextEra Energy in the 4th quarter worth about $3,484,197,000. Geode Capital Management LLC lifted its holdings in NextEra Energy by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 43,778,016 shares of the utilities provider’s stock valued at $3,129,132,000 after buying an additional 1,359,268 shares in the last quarter. Bank of New York Mellon Corp grew its stake in NextEra Energy by 4.2% in the 4th quarter. Bank of New York Mellon Corp now owns 14,523,786 shares of the utilities provider’s stock worth $1,041,210,000 after acquiring an additional 588,038 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of NextEra Energy by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,630,784 shares of the utilities provider’s stock worth $977,191,000 after acquiring an additional 345,999 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Trading Down 2.8 %

Shares of NYSE:NEE opened at $65.03 on Tuesday. NextEra Energy, Inc. has a 1 year low of $61.31 and a 1 year high of $86.10. The firm has a market capitalization of $133.87 billion, a P/E ratio of 19.30, a P/E/G ratio of 2.45 and a beta of 0.58. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The business’s 50-day moving average is $70.48 and its 200 day moving average is $74.46.

NextEra Energy (NYSE:NEE) last released its earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. On average, research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently declared 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 dividend on an annualized basis and a yield of 3.48%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s payout ratio is currently 67.06%.

Insider Buying and Selling at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Morgan Stanley boosted their price target on NextEra Energy from $95.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, March 20th. JPMorgan Chase & Co. raised their price target on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. Evercore ISI lowered their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research note on Monday, January 27th. Scotiabank raised 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 report on Thursday, December 12th. Finally, BMO Capital Markets upped their price target on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $85.92.

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.