Headlands Technologies LLC Reduces Holdings in NextEra Energy, Inc. (NYSE:NEE)

Headlands Technologies LLC trimmed its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 73.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,313 shares of the utilities provider's stock after selling 9,095 shares during the quarter. Headlands Technologies LLC's holdings in NextEra Energy were worth $238,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Second Line Capital LLC increased its position in shares of NextEra Energy by 4.7% during the third quarter. Second Line Capital LLC now owns 3,097 shares of the utilities provider's stock worth $262,000 after purchasing an additional 139 shares in the last quarter. Accel Wealth Management boosted its holdings in NextEra Energy by 1.7% in the fourth quarter. Accel Wealth Management now owns 8,615 shares of the utilities provider's stock worth $618,000 after acquiring an additional 145 shares in the last quarter. L.M. Kohn & Company grew its stake in shares of NextEra Energy by 1.0% during the fourth quarter. L.M. Kohn & Company now owns 15,353 shares of the utilities provider's stock worth $1,101,000 after acquiring an additional 145 shares during the last quarter. 1ST Source Bank increased its holdings in shares of NextEra Energy by 0.4% during the third quarter. 1ST Source Bank now owns 34,178 shares of the utilities provider's stock valued at $2,889,000 after acquiring an additional 147 shares in the last quarter. Finally, Tortoise Investment Management LLC raised its position 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 last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

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Insider Transactions at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction that occurred on 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 approximately $1,867,504.43. This trade represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.18% of the company's stock.

NextEra Energy Price Performance

Shares of NYSE:NEE traded down $1.26 during midday trading on Thursday, reaching $66.32. 4,215,787 shares of the company's stock traded hands, compared to its average volume of 12,007,096. The company has a fifty day simple moving average of $70.06 and a two-hundred day simple moving average of $74.10. NextEra Energy, Inc. has a 1 year low of $61.31 and a 1 year high of $86.10. The company has a market cap of $136.53 billion, a P/E ratio of 19.63, a PEG ratio of 2.45 and a beta of 0.58. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Equities analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.42%. This is a boost 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 67.06%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Scotiabank raised their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a "sector outperform" rating in a report on Thursday, December 12th. Jefferies Financial Group lowered their price target on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. JPMorgan Chase & Co. raised their price objective on NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. Morgan Stanley upped their target price on NextEra Energy from $95.00 to $97.00 and gave the company an "overweight" rating in a research report on Thursday, March 20th. Finally, Evercore ISI decreased their price objective on shares of 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. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $85.92.

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.