NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. reduced its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 24.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 42,929 shares of the utilities provider's stock after selling 13,935 shares during the period. Landscape Capital Management L.L.C.'s holdings in NextEra Energy were worth $3,078,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Scotiabank boosted their target price on NextEra Energy from $92.00 to $96.00 and gave the stock a "sector outperform" rating in a research report on Thursday, December 12th. BMO Capital Markets upped their price objective on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Guggenheim reissued a "buy" rating and issued a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. JPMorgan Chase & Co. upped their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. Finally, Morgan Stanley raised their price objective on shares of NextEra Energy from $95.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday, March 20th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $85.92.

NextEra Energy Price Performance

NEE stock traded down $0.97 on Wednesday, reaching $63.14. The company had a trading volume of 6,485,620 shares, compared to its average volume of 10,732,454. The company's fifty day moving average is $70.21 and its 200 day moving average is $74.26. The company has a market cap of $129.98 billion, a P/E ratio of 18.73, 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, Inc. has a 1 year low of $61.31 and a 1 year high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last released 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 return on equity of 11.85% and a net margin of 28.06%. On average, research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued 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 dividend yield of 3.59%. NextEra Energy's payout ratio is 67.06%.

Insider Activity

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