Horizon Wealth Management LLC Buys 2,217 Shares of NextEra Energy, Inc. (NYSE:NEE)

Horizon Wealth Management LLC boosted its stake in NextEra Energy, Inc. (NYSE:NEE) by 36.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,228 shares of the utilities provider’s stock after purchasing an additional 2,217 shares during the quarter. Horizon Wealth Management LLC’s holdings in NextEra Energy were worth $583,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bellwether Advisors LLC bought a new stake in NextEra Energy in the fourth quarter valued at about $30,000. WealthTrak Capital Management LLC bought a new stake in NextEra Energy in the fourth quarter valued at about $33,000. Copia Wealth Management bought a new stake in NextEra Energy in the fourth quarter valued at about $36,000. Midwest Capital Advisors LLC bought a new stake in NextEra Energy in the fourth quarter valued at about $44,000. Finally, Promus Capital LLC bought a new stake in NextEra Energy in the fourth quarter valued at about $45,000. Institutional investors own 78.72% of the company’s stock.

Insider Transactions at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the completion of the transaction, the executive vice president now directly owns 196,817 shares of the company’s stock, valued at approximately $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.20% of the stock is owned by insiders.

NextEra Energy Stock Up 0.9%

NEE stock opened at $72.16 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The stock has a market capitalization of $148.55 billion, a P/E ratio of 21.41, a P/E/G ratio of 2.45 and a beta of 0.68. The business has a 50-day moving average of $68.45 and a 200-day moving average of $70.64. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. The company had revenue of $6.25 billion during the quarter, compared to analysts’ expectations of $6.58 billion. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. NextEra Energy’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 earnings per share. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.5665 per share. The ex-dividend date is Monday, June 2nd. This represents a $2.27 annualized dividend and a dividend yield of 3.14%. NextEra Energy’s dividend payout ratio is currently 84.64%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NEE. UBS Group dropped their price objective on NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a report on Friday, May 23rd. BMO Capital Markets decreased their target price on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a research note on Monday, April 14th. Barclays decreased their target price on NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 29th. Morgan Stanley reissued an “overweight” rating on shares of NextEra Energy in a research note on Wednesday, April 23rd. Finally, Erste Group Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 8th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and an average target price of $83.50.

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.