NextEra Energy, Inc. (NYSE:NEE) is Tocqueville Asset Management L.P.’s 10th Largest Position

Tocqueville Asset Management L.P. trimmed its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,372,666 shares of the utilities provider’s stock after selling 2,341 shares during the period. NextEra Energy makes up 1.5% of Tocqueville Asset Management L.P.’s investment portfolio, making the stock its 10th largest holding. Tocqueville Asset Management L.P.’s holdings in NextEra Energy were worth $98,406,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Burkett Financial Services LLC grew its position in NextEra Energy by 1,229.6% during the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after buying an additional 332 shares during the period. Sugar Maple Asset Management LLC bought a new stake in NextEra Energy during the fourth quarter valued at approximately $28,000. Quarry LP bought a new stake in NextEra Energy during the third quarter valued at approximately $33,000. Luken Investment Analytics LLC bought a new stake in NextEra Energy during the fourth quarter valued at approximately $36,000. Finally, Midwest Capital Advisors LLC bought a new stake in NextEra Energy during the fourth quarter valued at approximately $44,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were 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. This represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently issued reports on NEE shares. JPMorgan Chase & Co. boosted their target price 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. Scotiabank upped their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Evercore ISI dropped their price target on shares of 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. Morgan Stanley upped their price target on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Jefferies Financial Group dropped their price target on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $85.92.

NextEra Energy Price Performance

NEE stock opened at $73.59 on Monday. NextEra Energy, Inc. has a one year low of $59.44 and a one year high of $86.10. The company’s fifty day moving average price is $70.51 and its 200-day moving average price is $75.82. 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 company has a market capitalization of $151.37 billion, a PE ratio of 21.84, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58.

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

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid a dividend of $0.5665 per share. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date is Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.08%. NextEra Energy’s dividend payout ratio is presently 67.06%.

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.