Horizon Investments LLC Sells 4,067 Shares of NextEra Energy, Inc. (NYSE:NEE)

Horizon Investments LLC decreased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 9.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,578 shares of the utilities provider’s stock after selling 4,067 shares during the period. Horizon Investments LLC’s holdings in NextEra Energy were worth $2,694,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of NEE. Amundi increased its holdings in shares of NextEra Energy by 49.8% in the 4th quarter. Amundi now owns 9,543,552 shares of the utilities provider’s stock worth $676,008,000 after purchasing an additional 3,172,405 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of NextEra Energy by 20.9% in the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock worth $634,703,000 after purchasing an additional 1,525,436 shares in the last quarter. National Bank of Canada FI increased its holdings in shares of NextEra Energy by 167.7% in the 3rd quarter. National Bank of Canada FI now owns 2,186,225 shares of the utilities provider’s stock worth $184,795,000 after purchasing an additional 1,369,689 shares in the last quarter. Proficio Capital Partners LLC grew its holdings in shares of NextEra Energy by 13,375.2% in the fourth quarter. Proficio Capital Partners LLC now owns 946,231 shares of the utilities provider’s stock worth $67,835,000 after acquiring an additional 939,209 shares during the period. Finally, Jupiter Asset Management Ltd. bought a new stake in shares of NextEra Energy in the fourth quarter worth $65,657,000. Institutional investors own 78.72% of the company’s stock.

Insider Transactions at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

Shares of NextEra Energy stock opened at $70.63 on Wednesday. The stock’s 50-day simple moving average is $70.54 and its 200-day simple moving average is $75.70. NextEra Energy, Inc. has a 52 week low of $60.26 and a 52 week high of $86.10. The company has a market capitalization of $145.28 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 2.45 and a beta of 0.58. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. As a group, 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 disclosed 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 annualized dividend and a dividend yield of 3.21%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date was Friday, February 28th. NextEra Energy’s payout ratio is presently 67.06%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on NEE shares. Morgan Stanley lifted their price objective on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Jefferies Financial Group cut their price objective on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. JPMorgan Chase & Co. lifted their price objective on NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, March 11th. Scotiabank lifted their price objective on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Finally, 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. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $85.92.

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.