Bayesian Capital Management LP Sells 33,203 Shares of NextEra Energy, Inc. (NYSE:NEE)

Bayesian Capital Management LP cut its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 90.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,397 shares of the utilities provider's stock after selling 33,203 shares during the quarter. Bayesian Capital Management LP's holdings in NextEra Energy were worth $244,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of NextEra Energy by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 205,297,225 shares of the utilities provider's stock valued at $14,717,758,000 after buying an additional 2,090,538 shares during the last quarter. Norges Bank acquired a new stake in NextEra Energy in the fourth quarter worth approximately $3,484,197,000. Geode Capital Management LLC grew its holdings in NextEra Energy by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 43,778,016 shares of the utilities provider's stock worth $3,129,132,000 after acquiring an additional 1,359,268 shares during the period. Northern Trust Corp lifted its stake in NextEra Energy by 9.6% during the fourth quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider's stock valued at $1,655,353,000 after purchasing an additional 2,030,331 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of 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 during the last quarter. Institutional investors own 78.72% of the company's stock.

Insider Activity

In other news, CAO James Michael May sold 2,383 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following the sale, the chief accounting officer now directly owns 27,427 shares in the company, 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 SEC, which is available at the SEC website. 0.18% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

NEE has been the topic of several analyst reports. Evercore ISI dropped their target price on shares of 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. Morgan Stanley reiterated an "overweight" rating on shares of NextEra Energy in a report on Wednesday, April 23rd. Barclays cut their target price on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. Erste Group Bank downgraded shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday. Finally, JPMorgan Chase & Co. raised their target price on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. Eight 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 price target of $83.46.

NextEra Energy Price Performance

Shares of NYSE:NEE traded up $2.05 on Friday, hitting $70.37. The stock had a trading volume of 17,324,949 shares, compared to its average volume of 10,763,280. The company has a market capitalization of $144.87 billion, a price-to-earnings ratio of 20.88, a price-to-earnings-growth ratio of 2.45 and a beta of 0.69. 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's 50 day moving average price is $68.73 and its 200-day moving average price is $71.47. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.99. The business had revenue of $6.25 billion for the quarter, compared to the consensus estimate of $6.58 billion. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The firm's quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 EPS. On average, equities research 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 announced 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. This is a boost from NextEra Energy's previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.22%. NextEra Energy's payout ratio is presently 84.64%.

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.