Fortis Capital Advisors LLC Has $1.32 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Fortis Capital Advisors LLC grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 51.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,386 shares of the utilities provider's stock after purchasing an additional 6,284 shares during the quarter. Fortis Capital Advisors LLC's holdings in NextEra Energy were worth $1,318,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Rockefeller Capital Management L.P. boosted its stake in NextEra Energy by 3.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,086,149 shares of the utilities provider's stock valued at $149,532,000 after buying an additional 76,211 shares in the last quarter. Petros Family Wealth LLC acquired a new position in NextEra Energy during the fourth quarter valued at $460,000. Heritage Trust Co purchased a new position in NextEra Energy in the fourth quarter valued at about $3,011,000. Treasurer of the State of North Carolina raised its holdings in shares of NextEra Energy by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 904,694 shares of the utilities provider's stock valued at $64,858,000 after purchasing an additional 5,680 shares in the last quarter. Finally, Legacy Financial Advisors Inc. raised its holdings in NextEra Energy by 4.2% in the 4th quarter. Legacy Financial Advisors Inc. now owns 11,190 shares of the utilities provider's stock worth $802,000 after acquiring an additional 456 shares during the period. Institutional investors and hedge funds own 78.72% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on NEE shares. Evercore ISI cut their price objective on NextEra Energy from $84.00 to $79.00 and set an "in-line" rating for the company in a report on Monday, January 27th. Guggenheim reiterated a "buy" rating and issued a $89.00 target price on shares of NextEra Energy in a research report on Thursday, March 20th. Jefferies Financial Group dropped their price target on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Morgan Stanley dropped their price objective on NextEra Energy from $97.00 to $94.00 and set an "overweight" rating on the stock in a research note on Wednesday. Finally, JPMorgan Chase & Co. boosted their price objective on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. 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, NextEra Energy currently has a consensus rating of "Hold" and an average price target of $85.15.

Insider Buying and Selling

In other news, CAO James Michael May sold 2,383 shares of the business's 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 of the company's stock, valued at $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.18% of the stock is owned by insiders.

NextEra Energy Stock Performance

Shares of NYSE NEE traded down $0.46 during mid-day trading on Wednesday, reaching $67.20. 3,906,306 shares of the company's stock were exchanged, compared to its average volume of 10,794,470. The firm has a market capitalization of $138.34 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. 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 firm has a 50-day moving average price of $69.83 and a two-hundred day moving average price of $73.62. NextEra Energy, Inc. has a 52 week low of $61.31 and a 52 week high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last posted 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%. Analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given 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 dividend on an annualized basis and a yield of 3.37%. NextEra Energy's payout ratio is presently 67.06%.

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.