NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Andrew Hill Investment Advisors Inc.

Andrew Hill Investment Advisors Inc. trimmed its position in NextEra Energy, Inc. (NYSE:NEE) by 68.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 20,408 shares of the utilities provider’s stock after selling 45,124 shares during the period. NextEra Energy comprises approximately 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.

Other institutional investors also recently modified their holdings of the company. Howard Capital Management Group LLC raised its stake in shares of NextEra Energy by 1.8% during the 3rd quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider’s stock worth $25,293,000 after purchasing an additional 5,409 shares in the last quarter. Quarry LP acquired a new stake in NextEra Energy in the third quarter valued at about $33,000. Empire Financial Management Company LLC raised its position in NextEra Energy by 4.1% in the third quarter. Empire Financial Management Company LLC now owns 33,062 shares of the utilities provider’s stock valued at $2,795,000 after purchasing an additional 1,293 shares during the last quarter. Toronto Dominion Bank raised its position in NextEra Energy by 29.0% in the third quarter. Toronto Dominion Bank now owns 894,812 shares of the utilities provider’s stock valued at $75,638,000 after purchasing an additional 201,217 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its position in shares of NextEra Energy by 69.1% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 272,751 shares of the utilities provider’s stock worth $23,056,000 after acquiring an additional 111,454 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

NEE has been the topic of several research reports. Guggenheim restated a “buy” rating and issued a $89.00 target price on shares of NextEra Energy in a research note on Thursday, March 20th. Jefferies Financial Group dropped their price objective on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Evercore ISI lowered their price objective on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research note on Monday, January 27th. JPMorgan Chase & Co. lifted their price objective on NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, March 11th. Finally, Scotiabank boosted their price objective on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $85.92.

NextEra Energy Trading Up 5.7 %

Shares of NEE stock opened at $67.75 on Thursday. The firm has a fifty day moving average price of $70.06 and a 200-day moving average price of $74.10. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. 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. NextEra Energy, Inc. has a 1 year low of $61.31 and a 1 year high of $86.10.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. As a group, equities 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 declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 3.34%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date was Friday, February 28th. NextEra Energy’s dividend payout ratio is presently 67.06%.

Insider Buying and Selling at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the transaction, the chief accounting officer now owns 27,427 shares in the company, valued at $1,867,504.43. The trade was a 7.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate 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.