Horizon Wealth Management LLC Grows Position in NextEra Energy, Inc. (NYSE:NEE)

Horizon Wealth Management LLC grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 45.7% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 8,248 shares of the utilities provider’s stock after acquiring an additional 2,586 shares during the period. Horizon Wealth Management LLC’s holdings in NextEra Energy were worth $527,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in NEE. Vanguard Group Inc. lifted its holdings in shares of NextEra Energy by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock worth $11,368,065,000 after acquiring an additional 1,956,153 shares during the last quarter. Norges Bank bought a new stake in NextEra Energy during the 4th quarter valued at about $2,561,055,000. Charles Schwab Investment Management Inc. lifted its holdings in NextEra Energy by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,782,674 shares of the utilities provider’s stock valued at $654,940,000 after buying an additional 429,979 shares in the last quarter. 1832 Asset Management L.P. raised its holdings in shares of NextEra Energy by 10.5% in the 4th quarter. 1832 Asset Management L.P. now owns 6,631,121 shares of the utilities provider’s stock valued at $402,774,000 after purchasing an additional 629,032 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of NextEra Energy by 8.2% in the 4th quarter. Principal Financial Group Inc. now owns 5,905,784 shares of the utilities provider’s stock worth $358,717,000 after buying an additional 449,387 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Morgan Stanley boosted their target price on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. Bank of America boosted their target price on shares of NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, April 23rd. Scotiabank boosted their target price 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, April 22nd. Evercore ISI boosted their target price on shares of NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a research note on Wednesday, June 12th. Finally, Mizuho lowered shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price for the company. in a report on Wednesday, June 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $77.57.

NextEra Energy Stock Performance

Shares of NEE traded down $0.74 during mid-day trading on Monday, reaching $70.07. 5,184,216 shares of the company’s stock were exchanged, compared to its average volume of 11,939,863. The business’s fifty day simple moving average is $73.25 and its 200-day simple moving average is $64.52. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $80.47. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43. The stock has a market capitalization of $143.96 billion, a PE ratio of 19.22, a price-to-earnings-growth ratio of 2.42 and a beta of 0.54.

NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The company had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter last year, the company earned $0.84 earnings per share. NextEra Energy’s quarterly revenue was down 14.7% compared to the same quarter last year. On average, equities research analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend was Monday, June 3rd. NextEra Energy’s dividend payout ratio (DPR) is currently 56.13%.

About NextEra Energy

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.