Andrew Hill Investment Advisors Inc. Invests $2.85 Million in NextEra Energy, Inc. (NYSE:NEE)

Andrew Hill Investment Advisors Inc. purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 46,858 shares of the utilities provider’s stock, valued at approximately $2,846,000. NextEra Energy accounts for about 3.0% of Andrew Hill Investment Advisors Inc.’s investment portfolio, making the stock its 16th biggest position.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank acquired a new stake in NextEra Energy in the 4th quarter valued at approximately $2,774,845,000. Moneta Group Investment Advisors LLC increased its position in NextEra Energy by 66,613.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 30,263,816 shares of the utilities provider’s stock valued at $2,530,055,000 after acquiring an additional 30,218,452 shares during the period. Mizuho Markets Americas LLC acquired a new stake in NextEra Energy in the 3rd quarter valued at approximately $141,817,000. Nordea Investment Management AB increased its position in NextEra Energy by 59.1% in the 3rd 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 period. Finally, International Assets Investment Management LLC increased its position in NextEra Energy by 7,999.6% in the 4th 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 period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the company. Guggenheim raised their target price on NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Royal Bank of Canada restated an “outperform” rating and issued a $74.00 target price on shares of NextEra Energy in a research report on Tuesday, January 30th. Mizuho reaffirmed a “buy” rating and set a $67.00 price target (up from $65.00) on shares of NextEra Energy in a research note on Friday, March 15th. BMO Capital Markets decreased their price target on NextEra Energy from $77.00 to $68.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, StockNews.com lowered NextEra Energy from a “hold” rating to a “sell” rating in a research note on Monday, February 19th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus target price of $71.36.

NextEra Energy Price Performance

Shares of NEE traded up $0.56 during trading hours on Friday, hitting $64.57. 4,750,779 shares of the company were exchanged, compared to its average volume of 11,752,841. The company has a market capitalization of $132.53 billion, a PE ratio of 17.86, a PEG ratio of 2.29 and a beta of 0.51. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.55 and a quick ratio of 0.47. The firm has a fifty day simple moving average of $59.73 and a 200-day simple moving average of $58.43. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $79.78.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. The business had revenue of $6.88 billion during the quarter, compared to analyst estimates of $5.72 billion. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. During the same period last year, the company posted $0.51 EPS. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were given a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend was Monday, February 26th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio (DPR) is 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.