Headlands Technologies LLC Sells 4,527 Shares of NextEra Energy, Inc. (NYSE:NEE)

Headlands Technologies LLC decreased its position in NextEra Energy, Inc. (NYSE:NEE) by 30.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 10,523 shares of the utilities provider’s stock after selling 4,527 shares during the period. Headlands Technologies LLC’s holdings in NextEra Energy were worth $639,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. acquired a new position in shares of NextEra Energy during the 4th quarter worth approximately $29,000. Alaska Permanent Fund Corp increased its position in shares of NextEra Energy by 59.8% during the 3rd quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 208 shares during the last quarter. Valued Wealth Advisors LLC acquired a new position in shares of NextEra Energy during the 4th quarter worth approximately $34,000. Rakuten Securities Inc. acquired a new position in shares of NextEra Energy during the 4th quarter worth approximately $34,000. Finally, HBC Financial Services PLLC acquired a new position in shares of NextEra Energy during the 4th quarter worth approximately $36,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NYSE:NEE traded down $0.91 during trading on Friday, reaching $65.99. 9,982,762 shares of the company traded hands, compared to its average volume of 10,921,297. The company’s 50 day moving average is $60.85 and its two-hundred day moving average is $59.06. The firm has a market capitalization of $135.58 billion, a PE ratio of 17.99, a PEG ratio of 2.46 and a beta of 0.51. The company has a quick ratio of 0.47, a current ratio of 0.51 and a debt-to-equity ratio of 1.12. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $78.53.

NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The firm had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The company’s revenue was down 14.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.84 EPS. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were given a dividend of $0.515 per share. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s dividend payout ratio is currently 56.13%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on NEE shares. Mizuho boosted their price target on NextEra Energy from $67.00 to $71.00 and gave the stock a “buy” rating in a research report on Wednesday. Scotiabank boosted their target price on NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a report on Monday, April 22nd. Barclays assumed coverage on NextEra Energy in a report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 target price on the stock. Bank of America boosted their target price on NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $74.00 target price on shares of NextEra Energy in a report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $71.50.

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.