Andrew Hill Investment Advisors Inc. Has $1.46 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Andrew Hill Investment Advisors Inc. cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 68.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,408 shares of the utilities provider's stock after selling 45,124 shares during the quarter. NextEra Energy makes up 1.1% of Andrew Hill Investment Advisors Inc.'s portfolio, making the stock its 29th largest holding. Andrew Hill Investment Advisors Inc.'s holdings in NextEra Energy were worth $1,463,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in NEE. Second Line Capital LLC grew its stake in shares of NextEra Energy by 4.7% in the third quarter. Second Line Capital LLC now owns 3,097 shares of the utilities provider's stock valued at $262,000 after buying an additional 139 shares in the last quarter. Accel Wealth Management lifted its stake in NextEra Energy by 1.7% in the fourth quarter. Accel Wealth Management now owns 8,615 shares of the utilities provider's stock valued at $618,000 after acquiring an additional 145 shares during the last quarter. L.M. Kohn & Company grew its position in shares of NextEra Energy by 1.0% in the 4th quarter. L.M. Kohn & Company now owns 15,353 shares of the utilities provider's stock valued at $1,101,000 after acquiring an additional 145 shares during the period. 1ST Source Bank increased its stake in shares of NextEra Energy by 0.4% during the 3rd quarter. 1ST Source Bank now owns 34,178 shares of the utilities provider's stock worth $2,889,000 after purchasing an additional 147 shares during the last quarter. Finally, Tortoise Investment Management LLC raised its holdings in shares of NextEra Energy by 8.3% in the 4th quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider's stock valued at $139,000 after purchasing an additional 149 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Insiders Place Their Bets

In other news, CAO James Michael May sold 2,383 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following the completion of the transaction, the chief accounting officer now directly owns 27,427 shares in the company, valued at approximately $1,867,504.43. This represents a 7.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.18% of the company's stock.

NextEra Energy Price Performance

NYSE:NEE traded up $1.83 during trading hours on Monday, reaching $67.64. 11,587,216 shares of the company were exchanged, compared to its average volume of 10,833,146. The company has a market capitalization of $139.24 billion, a P/E ratio of 20.07, a P/E/G 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. 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 business has a 50 day moving average of $69.89 and a 200 day moving average of $73.78.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share 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%. Research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were paid a $0.5665 dividend. This is a positive change from NextEra Energy's previous quarterly dividend of $0.52. The ex-dividend date was Friday, February 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.35%. NextEra Energy's dividend payout ratio (DPR) is presently 67.06%.

Analyst Ratings Changes

A number of research firms recently commented on NEE. Guggenheim reiterated a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. JPMorgan Chase & Co. lifted their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. Morgan Stanley upped their price objective on shares of NextEra Energy from $95.00 to $97.00 and gave the company an "overweight" rating in a report on Thursday, March 20th. Jefferies Financial Group cut their target price on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Finally, Evercore ISI decreased their price target on shares of NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a research note on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $85.38.

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,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.