NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Donaldson Capital Management LLC

Donaldson Capital Management LLC reduced its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 671,482 shares of the utilities provider’s stock after selling 18,783 shares during the period. NextEra Energy makes up about 1.8% of Donaldson Capital Management LLC’s investment portfolio, making the stock its 24th largest position. Donaldson Capital Management LLC’s holdings in NextEra Energy were worth $40,786,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. United Bank increased its stake in NextEra Energy by 9.8% in the 1st quarter. United Bank now owns 9,966 shares of the utilities provider’s stock worth $844,000 after purchasing an additional 891 shares in the last quarter. LSV Asset Management increased its stake in NextEra Energy by 9.2% in the 1st quarter. LSV Asset Management now owns 32,180 shares of the utilities provider’s stock worth $2,726,000 after purchasing an additional 2,700 shares in the last quarter. Brown Brothers Harriman & Co. increased its stake in NextEra Energy by 11.2% in the 1st quarter. Brown Brothers Harriman & Co. now owns 15,731 shares of the utilities provider’s stock worth $1,333,000 after purchasing an additional 1,587 shares in the last quarter. Covestor Ltd increased its stake in NextEra Energy by 59.1% in the 1st quarter. Covestor Ltd now owns 878 shares of the utilities provider’s stock worth $74,000 after purchasing an additional 326 shares in the last quarter. Finally, Ergoteles LLC purchased a new position in NextEra Energy in the 1st quarter worth about $793,000. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

Shares of NYSE NEE traded down $0.33 during midday trading on Monday, hitting $62.75. 11,146,114 shares of the company’s stock were exchanged, compared to its average volume of 11,825,646. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 1.06. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $79.78. The company’s 50 day moving average price is $59.19 and its 200 day moving average price is $58.28. The firm has a market capitalization of $128.79 billion, a PE ratio of 17.48, a price-to-earnings-growth ratio of 2.27 and a beta of 0.51.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. The business had revenue of $6.88 billion during the quarter, compared to the consensus estimate 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 in the previous year, the company posted $0.51 EPS. As a group, analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were issued a $0.515 dividend. The ex-dividend date was Monday, February 26th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a yield of 3.28%. NextEra Energy’s payout ratio is currently 57.06%.

Analyst Ratings Changes

NEE has been the subject of several research reports. Wells Fargo & Company lifted their price target on NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, March 19th. Guggenheim upped their price target on NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Barclays initiated coverage on NextEra Energy in a research report on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price target on the stock. Mizuho reissued a “buy” rating and issued a $67.00 price objective (up previously from $65.00) on shares of NextEra Energy in a research note on Friday, March 15th. Finally, StockNews.com lowered NextEra Energy from a “hold” rating to a “sell” rating in a research note on Monday, February 19th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, NextEra Energy presently has a consensus rating of “Moderate Buy” and an average price target of $72.00.

NextEra Energy 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.