Hartline Investment Corp Reduces Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Hartline Investment Corp lowered its position in NextEra Energy, Inc. (NYSE:NEE) by 25.8% in the fourth quarter, HoldingsChannel reports. The firm owned 13,993 shares of the utilities provider’s stock after selling 4,864 shares during the period. Hartline Investment Corp’s holdings in NextEra Energy were worth $850,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of NEE. Mizuho Markets Americas LLC purchased a new stake in shares of NextEra Energy in the third quarter valued at about $141,817,000. Nordea Investment Management AB increased its position in shares of NextEra Energy by 59.1% during the third quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider’s stock valued at $337,096,000 after acquiring an additional 2,148,205 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of NextEra Energy by 7,999.6% during the fourth quarter. International Assets Investment Management LLC now owns 2,173,459 shares of the utilities provider’s stock valued at $132,016,000 after acquiring an additional 2,146,625 shares during the last quarter. Vanguard Group Inc. increased its position in shares of NextEra Energy by 1.0% during the third quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock valued at $11,368,065,000 after acquiring an additional 1,956,153 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of NextEra Energy during the fourth quarter valued at about $94,883,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on NEE. Royal Bank of Canada reiterated an “outperform” rating and set a $74.00 price target on shares of NextEra Energy in a research report on Tuesday, January 30th. Guggenheim lifted their price target on shares of NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. BMO Capital Markets dropped their price target on shares of NextEra Energy from $77.00 to $68.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. Mizuho lifted their price target on shares of NextEra Energy from $67.00 to $71.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Scotiabank raised their price objective on shares of NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and an average price target of $71.21.

NextEra Energy Stock Up 0.5 %

NextEra Energy stock traded up $0.36 during trading on Wednesday, reaching $66.56. The stock had a trading volume of 12,146,261 shares, compared to its average volume of 11,942,938. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $79.10. The business has a 50 day moving average price of $60.26 and a 200 day moving average price of $58.83. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 1.06. The stock has a market cap of $136.61 billion, a PE ratio of 18.50, a P/E/G ratio of 2.35 and a beta of 0.51.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. The company had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter in the previous year, the firm earned $0.84 earnings per share. The firm’s quarterly revenue was down 14.7% on a year-over-year basis. On average, analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 3.09%. The ex-dividend date was Monday, February 26th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s payout ratio is currently 57.06%.

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.