NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Donaldson Capital Management LLC

Donaldson Capital Management LLC decreased its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 671,482 shares of the utilities provider's stock after selling 18,783 shares during the quarter. NextEra Energy accounts for about 1.8% of Donaldson Capital Management LLC's holdings, making the stock its 24th biggest holding. Donaldson Capital Management LLC's holdings in NextEra Energy were worth $40,786,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. purchased a new position in NextEra Energy in the fourth quarter valued at approximately $29,000. Alaska Permanent Fund Corp increased its stake in NextEra Energy by 59.8% in the third quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider's stock valued at $32,000 after purchasing an additional 208 shares during the last quarter. Coppell Advisory Solutions LLC purchased a new position in shares of NextEra Energy during the second quarter worth approximately $32,000. Valued Wealth Advisors LLC purchased a new position in shares of NextEra Energy during the fourth quarter worth approximately $34,000. Finally, HBC Financial Services PLLC purchased a new position in shares of NextEra Energy during the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 78.72% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Royal Bank of Canada restated an "outperform" rating and set a $74.00 target price on shares of NextEra Energy in a research report on Tuesday, January 30th. BMO Capital Markets raised their target price on shares of NextEra Energy from $76.00 to $77.00 and gave the stock an "outperform" rating in a research report on Monday, March 18th. Mizuho restated a "buy" rating and set a $67.00 target price (up from $65.00) on shares of NextEra Energy in a research report on Friday, March 15th. StockNews.com lowered shares of NextEra Energy from a "hold" rating to a "sell" rating in a research report on Monday, February 19th. Finally, Barclays began coverage on shares of NextEra Energy in a research report on Wednesday, April 10th. They set an "equal weight" rating and a $66.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $72.00.

NextEra Energy Price Performance

NextEra Energy stock traded down $0.33 during midday trading on Monday, reaching $62.75. The company's stock had a trading volume of 11,107,317 shares, compared to its average volume of 11,825,647. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $79.78. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.47 and a current ratio of 0.55. The stock's 50 day simple moving average is $59.32 and its 200 day simple moving average is $58.32. The firm has a market capitalization of $128.79 billion, a PE ratio of 17.38, a P/E/G ratio of 2.27 and a beta of 0.51.

NextEra Energy (NYSE:NEE - Get Free Report) last released its earnings results on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.49 by $0.03. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. The company had revenue of $6.88 billion during the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter last year, the company earned $0.51 earnings per share. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were issued a $0.515 dividend. The ex-dividend date of this dividend was Monday, February 26th. This represents a $2.06 dividend on an annualized basis and a yield of 3.28%. This is an increase from NextEra Energy's previous quarterly dividend of $0.47. NextEra Energy's dividend payout ratio (DPR) is 57.06%.

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.