NextEra Energy, Inc. (NYSE:NEE) Shares Sold by First Horizon Advisors Inc.

First Horizon Advisors Inc. cut its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 43,430 shares of the utilities provider’s stock after selling 1,340 shares during the period. First Horizon Advisors Inc.’s holdings in NextEra Energy were worth $3,114,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Redmond Asset Management LLC purchased a new position in NextEra Energy in the fourth quarter valued at approximately $203,000. Oxbow Advisors LLC acquired a new stake in shares of NextEra Energy in the fourth quarter worth $2,734,000. Wealth Management Nebraska purchased a new position in shares of NextEra Energy in the 4th quarter valued at $218,000. Prentice Wealth Management LLC lifted its holdings in shares of NextEra Energy by 0.9% during the 4th quarter. Prentice Wealth Management LLC now owns 18,239 shares of the utilities provider’s stock valued at $1,308,000 after acquiring an additional 165 shares in the last quarter. Finally, Bell Bank lifted its holdings in shares of NextEra Energy by 5.5% during the 4th quarter. Bell Bank now owns 10,134 shares of the utilities provider’s stock valued at $727,000 after acquiring an additional 529 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Trading Up 2.3 %

NYSE NEE opened at $71.74 on Monday. The company’s fifty day moving average price is $70.53 and its two-hundred day moving average price is $76.55. The company has a market capitalization of $147.56 billion, a price-to-earnings ratio of 21.29, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. As a group, research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.16%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date is Friday, February 28th. NextEra Energy’s payout ratio is 67.06%.

Insider Activity at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction 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 transaction, the chief accounting officer now 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 document filed with the SEC, which is available through this link. Corporate insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on NEE shares. Scotiabank raised their price objective on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. dropped their target price on NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. Evercore ISI lowered their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research report on Monday, January 27th. Jefferies Financial Group dropped their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Finally, Morgan Stanley upped their target price on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $85.85.

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.