Andrew Hill Investment Advisors Inc. Sells 45,124 Shares of NextEra Energy, Inc. (NYSE:NEE)

Andrew Hill Investment Advisors Inc. lowered its stake in NextEra Energy, Inc. (NYSE:NEE) by 68.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,408 shares of the utilities provider’s stock after selling 45,124 shares during the quarter. NextEra Energy accounts for 1.1% of Andrew Hill Investment Advisors Inc.’s portfolio, making the stock its 29th largest position. Andrew Hill Investment Advisors Inc.’s holdings in NextEra Energy were worth $1,463,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Burkett Financial Services LLC boosted its position in NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after buying an additional 332 shares during the period. Sugar Maple Asset Management LLC purchased a new position in shares of NextEra Energy in the fourth quarter valued at approximately $28,000. Quarry LP acquired a new stake in NextEra Energy during the third quarter worth approximately $33,000. WealthTrak Capital Management LLC acquired a new position in NextEra Energy in the 4th quarter valued at $33,000. Finally, Luken Investment Analytics LLC purchased a new stake in shares of NextEra Energy in the 4th quarter worth about $36,000. 78.72% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CAO James Michael May sold 2,383 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the transaction, the chief accounting officer now owns 27,427 shares of the company’s stock, valued at approximately $1,867,504.43. This trade represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Stock Up 5.7 %

Shares of NYSE NEE opened at $67.75 on Thursday. The company has a 50-day moving average of $70.06 and a 200 day moving average of $74.10. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a 12-month low of $61.31 and a 12-month high of $86.10. The stock has a market cap of $139.47 billion, a PE ratio of 20.10, a P/E/G ratio of 2.45 and a beta of 0.58.

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 analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.68 EPS 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 dividend of $0.5665 per share. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date was Friday, February 28th. This represents a $2.27 annualized dividend and a yield of 3.34%. NextEra Energy’s dividend payout ratio (DPR) is presently 67.06%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Evercore ISI dropped their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research note on Monday, January 27th. Morgan Stanley boosted their price objective on NextEra Energy from $95.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, March 20th. Scotiabank upped their price target on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. raised their price objective on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Finally, Jefferies Financial Group reduced their price target on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $85.92.

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.