Horan Capital Advisors LLC. Sells 436 Shares of NextEra Energy, Inc. (NYSE:NEE)

Horan Capital Advisors LLC. trimmed its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,981 shares of the utilities provider’s stock after selling 436 shares during the period. NextEra Energy makes up approximately 1.1% of Horan Capital Advisors LLC.’s holdings, making the stock its 27th largest holding. Horan Capital Advisors LLC.’s holdings in NextEra Energy were worth $3,296,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Burkett Financial Services LLC increased its stake in NextEra Energy by 1,229.6% during the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 332 shares during the period. Sugar Maple Asset Management LLC bought a new position in NextEra Energy during the fourth quarter valued at about $28,000. Quarry LP bought a new position in NextEra Energy during the third quarter valued at about $33,000. Luken Investment Analytics LLC bought a new position in NextEra Energy during the fourth quarter valued at about $36,000. Finally, Harvest Fund Management Co. Ltd increased its stake in NextEra Energy by 2,482.6% during the third quarter. Harvest Fund Management Co. Ltd now owns 594 shares of the utilities provider’s stock valued at $50,000 after acquiring an additional 571 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the completion of the sale, the chief accounting officer now owns 27,427 shares in the company, valued at approximately $1,867,504.43. The trade was a 7.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Stock Up 2.1 %

Shares of NEE opened at $71.64 on Tuesday. The business’s 50 day simple moving average is $70.42 and its 200-day simple moving average is $76.25. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. 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 company has a market capitalization of $147.37 billion, a P/E ratio of 21.26, a PEG ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a dividend of $0.5665 per share. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.16%. NextEra Energy’s payout ratio is presently 67.06%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Scotiabank boosted their price target on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Evercore ISI decreased their price objective on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. BMO Capital Markets lifted their price objective on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Jefferies Financial Group decreased their price objective on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. decreased their price objective on NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, NextEra Energy currently has an average rating of “Hold” and a consensus price target of $85.85.

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.