NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Horan Capital Advisors LLC.

Horan Capital Advisors LLC. raised its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 585.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,870 shares of the utilities provider’s stock after acquiring an additional 40,883 shares during the quarter. Horan Capital Advisors LLC.’s holdings in NextEra Energy were worth $2,908,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NEE. Vanguard Group Inc. increased its holdings in shares of NextEra Energy by 1.0% in the third quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock valued at $11,368,065,000 after purchasing an additional 1,956,153 shares during the last quarter. Northern Trust Corp increased its stake in shares of NextEra Energy by 2.0% in the 3rd quarter. Northern Trust Corp now owns 22,982,250 shares of the utilities provider’s stock worth $1,316,653,000 after acquiring an additional 455,271 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of NextEra Energy by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,352,695 shares of the utilities provider’s stock worth $593,106,000 after acquiring an additional 148,674 shares during the period. California Public Employees Retirement System raised its holdings in shares of NextEra Energy by 2.4% during the 3rd quarter. California Public Employees Retirement System now owns 9,026,464 shares of the utilities provider’s stock worth $517,126,000 after acquiring an additional 209,584 shares during the period. Finally, Nordea Investment Management AB boosted its position in shares of NextEra Energy by 59.1% during 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 last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on NEE shares. Wells Fargo & Company raised their price objective on shares of NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. StockNews.com upgraded NextEra Energy from a “sell” rating to a “hold” rating in a report on Thursday. Scotiabank raised their target price on NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research note on Monday, April 22nd. Mizuho upped their price target on NextEra Energy from $67.00 to $71.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Finally, Barclays started coverage on NextEra Energy in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $71.50.

NextEra Energy Trading Up 1.9 %

Shares of NEE stock opened at $70.14 on Friday. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $78.53. The company has a 50 day moving average price of $62.00 and a 200 day moving average price of $59.58. The stock has a market capitalization of $144.10 billion, a P/E ratio of 19.11, a price-to-earnings-growth ratio of 2.58 and a beta of 0.50. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51.

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

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were given a $0.515 dividend. The ex-dividend date was Monday, February 26th. This represents a $2.06 dividend on an annualized basis and a yield of 2.94%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio (DPR) is currently 56.13%.

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.