Horizon Investment Services LLC Has $503,000 Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Horizon Investment Services LLC reduced its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 80.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,094 shares of the utilities provider's stock after selling 28,474 shares during the quarter. Horizon Investment Services LLC's holdings in NextEra Energy were worth $503,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in NEE. Brighton Jones LLC raised its stake in NextEra Energy by 7.0% during the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock valued at $2,028,000 after buying an additional 1,840 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of NextEra Energy by 6.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock valued at $348,000 after purchasing an additional 298 shares in the last quarter. Millstone Evans Group LLC purchased a new position in shares of NextEra Energy in the 4th quarter worth approximately $179,000. Summit Global Investments bought a new stake in shares of NextEra Energy in the 4th quarter worth about $223,000. Finally, Hillsdale Investment Management Inc. bought a new stake in shares of NextEra Energy during the 4th quarter worth approximately $130,000. Institutional investors and hedge funds own 78.72% of the company's stock.

Insider Activity

In other news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction on Friday, May 9th. The shares were sold at an average price of $70.00, for a total value of $1,657,880.00. Following the completion of the sale, the executive vice president owned 196,817 shares of the company's stock, valued at $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.18% of the company's stock.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of research reports. HSBC dropped their target price on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a report on Friday, July 11th. BMO Capital Markets boosted their price objective on NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research note on Monday. UBS Group decreased 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. Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Finally, Barclays raised their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $84.42.

NextEra Energy Trading Up 0.3%

Shares of NEE stock traded up $0.22 during trading hours on Monday, reaching $76.17. The company's stock had a trading volume of 8,349,204 shares, compared to its average volume of 11,035,667. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.32. The firm's fifty day simple moving average is $72.09 and its 200 day simple moving average is $70.32. The stock has a market capitalization of $156.80 billion, a P/E ratio of 21.64, a P/E/G ratio of 2.68 and a beta of 0.67.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.99. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The firm had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. During the same period last year, the company earned $0.91 EPS. NextEra Energy's quarterly revenue was up 9.0% compared to the same quarter last year. Equities research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $0.5665 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.27 annualized dividend and a yield of 2.98%. NextEra Energy's dividend payout ratio is currently 85.02%.

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.