Headlands Technologies LLC Cuts Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Headlands Technologies LLC cut its holdings in NextEra Energy, Inc. (NYSE:NEE) by 30.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,523 shares of the utilities provider’s stock after selling 4,527 shares during the quarter. Headlands Technologies LLC’s holdings in NextEra Energy were worth $639,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. bought a new position in NextEra Energy in the 4th quarter valued at approximately $29,000. Rakuten Securities Inc. bought a new position in NextEra Energy in the 4th quarter valued at approximately $34,000. Alaska Permanent Fund Corp lifted its position in NextEra Energy by 59.8% in the 3rd quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 208 shares in the last quarter. Valued Wealth Advisors LLC bought a new position in NextEra Energy in the 4th quarter valued at approximately $34,000. Finally, HBC Financial Services PLLC bought a new position in shares of NextEra Energy during the 4th quarter valued at $36,000. 78.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Morgan Stanley increased their price target on NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Guggenheim increased their price target on NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a report on Monday, January 22nd. StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a report on Monday, April 22nd. Bank of America increased their price target on NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Barclays started coverage on NextEra Energy in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price objective for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $71.50.

NextEra Energy Price Performance

NYSE:NEE traded down $0.91 on Friday, reaching $65.99. 9,982,762 shares of the company’s stock traded hands, compared to its average volume of 10,921,297. The company has a quick ratio of 0.47, a current ratio of 0.51 and a debt-to-equity ratio of 1.12. The stock has a 50-day simple moving average of $60.85 and a 200-day simple moving average of $59.06. The firm has a market cap of $135.58 billion, a PE ratio of 17.99, a P/E/G ratio of 2.46 and a beta of 0.51. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $78.53.

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

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were issued a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.12%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s payout ratio is 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.