NextEra Energy, Inc. (NYSE:NEE) Stock Position Reduced by Horizon Investment Services LLC

Horizon Investment Services LLC cut its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,568 shares of the utilities provider’s stock after selling 1,223 shares during the period. Horizon Investment Services LLC’s holdings in NextEra Energy were worth $2,550,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in NEE. Howard Capital Management Group LLC raised its position in shares of NextEra Energy by 1.8% in the third quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider’s stock valued at $25,293,000 after purchasing an additional 5,409 shares during the period. Loomis Sayles & Co. L P lifted its position in NextEra Energy by 7.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 2,756 shares of the utilities provider’s stock worth $233,000 after acquiring an additional 199 shares during the last quarter. Townsquare Capital LLC boosted its holdings in NextEra Energy by 37.4% during the third quarter. Townsquare Capital LLC now owns 46,646 shares of the utilities provider’s stock valued at $3,943,000 after acquiring an additional 12,689 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of NextEra Energy in the third quarter valued at about $477,000. Finally, CreativeOne Wealth LLC increased its stake in shares of NextEra Energy by 33.6% in the third quarter. CreativeOne Wealth LLC now owns 26,608 shares of the utilities provider’s stock worth $2,249,000 after purchasing an additional 6,698 shares during the period. 78.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NEE has been the subject of several recent analyst reports. Evercore ISI decreased their target price on 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. Jefferies Financial Group cut their target price on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Guggenheim restated a “buy” rating and issued a $89.00 price target on shares of NextEra Energy in a research report on Thursday, March 20th. JPMorgan Chase & Co. upped their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Finally, Morgan Stanley lifted their target price on NextEra Energy from $95.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, March 20th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, NextEra Energy currently has an average rating of “Hold” and an average target price of $85.92.

Insider Transactions at NextEra Energy

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 transaction of $162,258.47. Following the completion of the sale, the chief accounting officer now owns 27,427 shares in the company, 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 this link. 0.18% of the stock is owned by company insiders.

NextEra Energy Trading Up 0.6 %

Shares of NEE stock opened at $70.44 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $144.90 billion, a P/E ratio of 20.90, a P/E/G ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 12-month low of $61.31 and a 12-month high of $86.10. The firm has a 50-day moving average price of $70.67 and a 200 day moving average price of $75.19.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share 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%. Research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were paid a $0.5665 dividend. The ex-dividend date 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 3.22%. NextEra Energy’s payout ratio is currently 67.06%.

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.