Andrew Hill Investment Advisors Inc. Takes $2.85 Million Position in NextEra Energy, Inc. (NYSE:NEE)

Andrew Hill Investment Advisors Inc. purchased a new stake in NextEra Energy, Inc. (NYSE:NEE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 46,858 shares of the utilities provider’s stock, valued at approximately $2,846,000. NextEra Energy accounts for 3.0% of Andrew Hill Investment Advisors Inc.’s holdings, making the stock its 16th largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Wimmer Associates 1 LLC increased its holdings in shares of NextEra Energy by 3.6% during the first quarter. Wimmer Associates 1 LLC now owns 3,935 shares of the utilities provider’s stock worth $305,000 after purchasing an additional 135 shares during the period. Kolinsky Wealth Management LLC increased its holdings in shares of NextEra Energy by 2.1% during the first quarter. Kolinsky Wealth Management LLC now owns 6,669 shares of the utilities provider’s stock worth $514,000 after purchasing an additional 139 shares during the period. Baldwin Investment Management LLC increased its holdings in shares of NextEra Energy by 0.4% during the first quarter. Baldwin Investment Management LLC now owns 35,437 shares of the utilities provider’s stock worth $2,731,000 after purchasing an additional 150 shares during the period. Greenfield Savings Bank increased its holdings in shares of NextEra Energy by 0.5% during the fourth quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock worth $1,957,000 after purchasing an additional 163 shares during the period. Finally, Barnes Pettey Financial Advisors LLC increased its holdings in shares of NextEra Energy by 1.7% during the fourth quarter. Barnes Pettey Financial Advisors LLC now owns 10,181 shares of the utilities provider’s stock worth $851,000 after purchasing an additional 169 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on NEE shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $74.00 target price on shares of NextEra Energy in a report on Tuesday, January 30th. Wells Fargo & Company raised their target price on shares of NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. Barclays began coverage on shares of NextEra Energy in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price objective on the stock. Guggenheim lifted their price objective on shares of NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Finally, BMO Capital Markets decreased their price objective on shares of NextEra Energy from $77.00 to $68.00 and set an “outperform” rating on the stock in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $71.36.

NextEra Energy Price Performance

Shares of NYSE NEE traded up $0.56 during midday trading on Friday, reaching $64.57. 4,750,779 shares of the company were exchanged, compared to its average volume of 11,752,841. The stock has a market cap of $132.53 billion, a P/E ratio of 17.86, a PEG ratio of 2.29 and a beta of 0.51. The stock’s 50-day moving average price is $59.73 and its 200-day moving average price is $58.43. 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 one year low of $47.15 and a one year high of $79.78.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $6.88 billion for the quarter, compared to analyst estimates of $5.72 billion. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. During the same quarter in the previous year, the business earned $0.51 earnings per share. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were issued a $0.515 dividend. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, February 26th. This represents a $2.06 annualized dividend and a yield of 3.19%. NextEra Energy’s payout ratio is presently 57.06%.

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.