Andrew Hill Investment Advisors Inc. Sells 45,124 Shares of NextEra Energy, Inc. (NYSE:NEE)

Andrew Hill Investment Advisors Inc. lessened its holdings in NextEra Energy, Inc. (NYSE:NEE) by 68.9% during the fourth quarter, Holdings Channel reports. The fund owned 20,408 shares of the utilities provider’s stock after selling 45,124 shares during the period. NextEra Energy makes up 1.1% of Andrew Hill Investment Advisors Inc.’s holdings, making the stock its 29th largest holding. Andrew Hill Investment Advisors Inc.’s holdings in NextEra Energy were worth $1,463,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in NEE. Treasurer of the State of North Carolina boosted its position in shares of NextEra Energy by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 904,694 shares of the utilities provider’s stock valued at $64,858,000 after buying an additional 5,680 shares during the last quarter. Legacy Financial Advisors Inc. lifted its position in shares of NextEra Energy by 4.2% in the fourth quarter. Legacy Financial Advisors Inc. now owns 11,190 shares of the utilities provider’s stock worth $802,000 after buying an additional 456 shares in the last quarter. Scotia Capital Inc. grew its stake in shares of NextEra Energy by 18.4% during the fourth quarter. Scotia Capital Inc. now owns 255,724 shares of the utilities provider’s stock valued at $18,338,000 after buying an additional 39,713 shares during the last quarter. F M Investments LLC lifted its holdings in NextEra Energy by 17.4% during the fourth quarter. F M Investments LLC now owns 130,318 shares of the utilities provider’s stock worth $9,342,000 after buying an additional 19,347 shares during the period. Finally, Mountain Capital Investment Advisors Inc. purchased a new stake in shares of NextEra Energy during the 4th quarter valued at $213,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

NEE stock opened at $67.75 on Thursday. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a 12-month low of $61.31 and a 12-month high of $86.10. The company has a market cap of $139.47 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 2.45 and a beta of 0.58. The firm has a 50 day moving average of $70.06 and a 200-day moving average of $74.10.

NextEra Energy (NYSE:NEE) last posted its quarterly 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 return on equity of 11.85% and a net margin of 28.06%. As a group, equities analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a $0.5665 dividend. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend was Friday, February 28th. NextEra Energy’s dividend payout ratio is currently 67.06%.

Wall Street Analysts Forecast Growth

NEE has been the topic of a number of analyst reports. Jefferies Financial Group dropped their target price on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Morgan Stanley boosted their price target on shares of NextEra Energy from $95.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, March 20th. JPMorgan Chase & Co. upped their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. Scotiabank upped their target price 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. Finally, BMO Capital Markets upped their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $85.92.

Insiders Place Their Bets

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction that occurred 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 directly owns 27,427 shares of the company’s stock, valued at $1,867,504.43. The trade was a 7.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.18% of the company’s stock.

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.