Tufton Capital Management Sells 55 Shares of NextEra Energy Inc (NYSE:NEE)

Tufton Capital Management trimmed its position in NextEra Energy Inc (NYSE:NEE) by 2.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,250 shares of the utilities provider’s stock after selling 55 shares during the period. Tufton Capital Management’s holdings in NextEra Energy were worth $460,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. First Manhattan Co. raised its position in shares of NextEra Energy by 2.1% during the 1st quarter. First Manhattan Co. now owns 4,510 shares of the utilities provider’s stock valued at $872,000 after buying an additional 93 shares in the last quarter. Great Lakes Advisors LLC raised its position in shares of NextEra Energy by 18.4% during the 1st quarter. Great Lakes Advisors LLC now owns 10,653 shares of the utilities provider’s stock valued at $2,059,000 after buying an additional 1,652 shares in the last quarter. Pictet Asset Management Ltd. raised its position in shares of NextEra Energy by 23.6% during the 1st quarter. Pictet Asset Management Ltd. now owns 2,021,758 shares of the utilities provider’s stock valued at $390,846,000 after buying an additional 385,763 shares in the last quarter. Wetherby Asset Management Inc. raised its position in shares of NextEra Energy by 14.4% during the 1st quarter. Wetherby Asset Management Inc. now owns 9,052 shares of the utilities provider’s stock valued at $1,750,000 after buying an additional 1,142 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in shares of NextEra Energy by 9.6% during the 1st quarter. Parallel Advisors LLC now owns 11,428 shares of the utilities provider’s stock valued at $2,210,000 after buying an additional 1,002 shares in the last quarter. 75.86% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP Deborah H. Caplan sold 2,976 shares of NextEra Energy stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $194.44, for a total value of $578,653.44. Following the transaction, the executive vice president now owns 24,477 shares in the company, valued at approximately $4,759,307.88. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Joseph T. Kelliher sold 5,741 shares of NextEra Energy stock in a transaction on Monday, June 17th. The stock was sold at an average price of $207.26, for a total transaction of $1,189,879.66. Following the completion of the transaction, the executive vice president now owns 37,235 shares in the company, valued at approximately $7,717,326.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 101,300 shares of company stock worth $20,217,711. 0.48% of the stock is owned by corporate insiders.

Several analysts have recently weighed in on the stock. Wells Fargo & Co raised their price objective on shares of NextEra Energy from $200.00 to $210.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Scotiabank upgraded shares of NextEra Energy from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $187.00 to $202.00 in a research report on Wednesday, May 8th. Credit Suisse Group raised their price objective on shares of NextEra Energy from $231.00 to $232.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. UBS Group raised their price objective on shares of NextEra Energy from $225.00 to $236.00 and gave the company a “buy” rating in a research report on Friday, June 7th. Finally, Guggenheim raised their price objective on shares of NextEra Energy from $205.00 to $223.00 and gave the company a “buy” rating in a research report on Monday, June 24th. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $210.50.

NYSE:NEE traded up $0.53 during trading hours on Wednesday, reaching $211.93. The company’s stock had a trading volume of 785,124 shares, compared to its average volume of 1,554,215. The company has a market capitalization of $101.89 billion, a price-to-earnings ratio of 27.52, a price-to-earnings-growth ratio of 3.16 and a beta of 0.22. The firm’s 50-day moving average price is $208.23. NextEra Energy Inc has a 1 year low of $164.25 and a 1 year high of $213.23. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.52 and a quick ratio of 0.42.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 24th. The utilities provider reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.07. The company had revenue of $4.97 billion for the quarter, compared to analysts’ expectations of $4.68 billion. NextEra Energy had a net margin of 18.73% and a return on equity of 10.46%. The firm’s revenue was up 22.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.08 EPS. Research analysts expect that NextEra Energy Inc will post 8.36 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 29th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Wednesday, August 28th. NextEra Energy’s payout ratio is presently 64.94%.

About NextEra Energy

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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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