Horizon Investments LLC Has $2.69 Million Position in NextEra Energy, Inc. (NYSE:NEE)

Horizon Investments LLC reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 9.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,578 shares of the utilities provider's stock after selling 4,067 shares during the quarter. Horizon Investments LLC's holdings in NextEra Energy were worth $2,694,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of NEE. Howard Capital Management Group LLC boosted its stake in NextEra Energy by 1.8% during the third quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider's stock worth $25,293,000 after buying an additional 5,409 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of NextEra Energy during the 3rd quarter worth about $406,000. Empowered Funds LLC boosted its position in shares of NextEra Energy by 8.1% during the 3rd quarter. Empowered Funds LLC now owns 39,735 shares of the utilities provider's stock valued at $3,359,000 after acquiring an additional 2,974 shares in the last quarter. Quest Partners LLC bought a new stake in NextEra Energy in the third quarter valued at about $183,000. Finally, Pathstone Holdings LLC raised its position in NextEra Energy by 4.4% in the third quarter. Pathstone Holdings LLC now owns 285,590 shares of the utilities provider's stock worth $24,141,000 after purchasing an additional 11,971 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Price Performance

Shares of NEE traded down $0.24 during mid-day trading on Friday, hitting $70.92. 15,780,329 shares of the company traded hands, compared to its average volume of 10,155,195. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $145.87 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 2.45 and a beta of 0.58. The business has a 50-day moving average of $70.62 and a 200 day moving average of $75.53. NextEra Energy, Inc. has a one year low of $61.30 and a one year high of $86.10.

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NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting 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 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a dividend of $0.5665 per share. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from NextEra Energy's previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a yield of 3.20%. NextEra Energy's dividend payout ratio is presently 67.06%.

Insider Activity

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 transaction, the chief accounting officer now owns 27,427 shares of the company's stock, valued at $1,867,504.43. This represents a 7.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.18% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. BMO Capital Markets lifted their price objective on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Evercore ISI lowered their price target on NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a research report on Monday, January 27th. Scotiabank lifted their price objective on NextEra Energy from $92.00 to $96.00 and gave the company a "sector outperform" rating in a report on Thursday, December 12th. JPMorgan Chase & Co. upped their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Finally, Morgan Stanley lifted their price target on shares of NextEra Energy from $95.00 to $97.00 and gave the company an "overweight" rating in a report on Thursday. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $85.92.

NextEra Energy Company 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.