Hillsdale Investment Management Inc. Cuts Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Hillsdale Investment Management Inc. decreased its position in NextEra Energy, Inc. (NYSE:NEE) by 28.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,491 shares of the utilities provider’s stock after selling 600 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in NextEra Energy were worth $95,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of NEE. Clear Investment Research LLC grew its position in shares of NextEra Energy by 387.2% during the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 364 shares during the last quarter. BOK Financial Private Wealth Inc. purchased a new position in shares of NextEra Energy in the fourth quarter valued at $29,000. American Capital Advisory LLC grew its stake in NextEra Energy by 74.5% in the 1st quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 205 shares during the last quarter. Stuart Chaussee & Associates Inc. grew its position in shares of NextEra Energy by 315.4% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 410 shares during the last quarter. Finally, Rakuten Securities Inc. purchased a new stake in NextEra Energy in the 4th quarter valued at approximately $34,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Up 1.3 %

NEE traded up $0.90 during trading on Monday, hitting $72.90. The company had a trading volume of 8,809,034 shares, compared to its average volume of 11,730,572. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $80.47. The business has a 50-day moving average of $74.10 and a 200-day moving average of $65.78. The company has a market cap of $149.78 billion, a PE ratio of 19.86, a P/E/G ratio of 2.47 and a beta of 0.54.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating 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 business had revenue of $5.73 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same period in the prior year, the company posted $0.84 EPS. The business’s revenue was down 14.7% compared to the same quarter last year. As a group, analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend was Monday, June 3rd. NextEra Energy’s payout ratio is 56.13%.

Analyst Ratings Changes

NEE has been the topic of several analyst reports. Evercore ISI raised their price target on shares of NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a research note on Wednesday, June 12th. Morgan Stanley increased their price target on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. Royal Bank of Canada lifted their price objective on NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Citigroup raised their target price on shares of NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Finally, StockNews.com upgraded NextEra Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $77.79.

About NextEra Energy

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.