NextEra Energy, Inc. $NEE Shares Acquired by Tortoise Capital Advisors L.L.C.

Key Points

• Tortoise Capital Advisors increased its stake in NextEra Energy by 27.3%, acquiring a total of 445,388 shares valued at approximately $31.57 million.
• NextEra Energy recently reported quarterly earnings of $1.05 per share, exceeding expectations, but its revenue of $6.70 billion fell short of analyst estimates of $7.52 billion.
• The company declared a quarterly dividend of $0.5665, resulting in an annual yield of 3.0%, with a payout ratio of 79.37%.

Tortoise Capital Advisors L.L.C. raised its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 27.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 445,388 shares of the utilities provider's stock after acquiring an additional 95,425 shares during the quarter. NextEra Energy makes up about 0.4% of Tortoise Capital Advisors L.L.C.'s holdings, making the stock its 26th biggest holding. Tortoise Capital Advisors L.L.C.'s holdings in NextEra Energy were worth $31,574,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bellwether Advisors LLC acquired a new stake in NextEra Energy during the fourth quarter worth approximately $30,000. IMA Advisory Services Inc. acquired a new position in shares of NextEra Energy in the 1st quarter valued at $35,000. Copia Wealth Management purchased a new stake in shares of NextEra Energy in the fourth quarter valued at about $36,000. CBIZ Investment Advisory Services LLC boosted its holdings in shares of NextEra Energy by 237.7% in the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock valued at $37,000 after acquiring an additional 366 shares in the last quarter. Finally, Hughes Financial Services LLC purchased a new stake in shares of NextEra Energy during the 1st quarter worth $40,000. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Trading Up 0.2%

NYSE:NEE traded up $0.1470 on Friday, reaching $76.2270. The stock had a trading volume of 13,128,624 shares, compared to its average volume of 9,069,239. The company has a market cap of $156.97 billion, a price-to-earnings ratio of 26.65, a P/E/G ratio of 2.63 and a beta of 0.63. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. The firm's fifty day moving average is $73.04 and its two-hundred day moving average is $70.81. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. During the same quarter in the prior year, the company posted $0.96 EPS. The company's quarterly revenue was up 10.4% compared to the same quarter last year. Equities analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be paid a dividend of $0.5665 per share. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.0%. NextEra Energy's dividend payout ratio is currently 79.37%.

Insider Transactions at NextEra Energy

In related news, Treasurer James Michael May sold 2,177 shares of the stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the sale, the treasurer owned 27,662 shares of the company's stock, valued at approximately $2,143,805. This represents a 7.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert Coffey sold 7,500 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $71.84, for a total transaction of $538,800.00. Following the sale, the executive vice president owned 26,539 shares of the company's stock, valued at approximately $1,906,561.76. This represents a 22.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company's stock.

Wall Street Analysts Forecast Growth

NEE has been the topic of several research analyst reports. BMO Capital Markets boosted their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. UBS Group decreased their target price on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. HSBC decreased their target price on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a research report on Friday, July 11th. Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Finally, Morgan Stanley decreased their price objective on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, NextEra Energy presently has an average rating of "Moderate Buy" and a consensus price target of $84.23.

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.