Oak Harbor Wealth Partners LLC Acquires 14,451 Shares of NextEra Energy, Inc. (NYSE:NEE)

Oak Harbor Wealth Partners LLC raised its holdings in NextEra Energy, Inc. (NYSE:NEE) by 350.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,576 shares of the utilities provider’s stock after purchasing an additional 14,451 shares during the quarter. Oak Harbor Wealth Partners LLC’s holdings in NextEra Energy were worth $1,570,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Reston Wealth Management LLC acquired a new stake in shares of NextEra Energy in the 3rd quarter valued at $27,000. Semmax Financial Advisors Inc. increased its stake in shares of NextEra Energy by 197.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after buying an additional 225 shares during the period. Proffitt & Goodson Inc. increased its stake in shares of NextEra Energy by 64.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after buying an additional 144 shares during the period. Valley Wealth Managers Inc. acquired a new stake in shares of NextEra Energy in the 2nd quarter valued at $33,000. Finally, Maryland Capital Advisors Inc. acquired a new stake in shares of NextEra Energy in the 3rd quarter valued at $39,000. Institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. BMO Capital Markets lifted their target price on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Scotiabank lifted their target price on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Guggenheim lifted their price objective on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Morgan Stanley lifted their price objective on NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Finally, Wells Fargo & Company lifted their price objective on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 3rd. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, NextEra Energy has an average rating of “Hold” and an average target price of $86.54.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the transaction, the executive vice president now directly owns 15,792 shares in the company, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.18% of the company’s stock.

NextEra Energy Stock Up 1.4 %

Shares of NEE stock opened at $75.28 on Friday. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The firm has a fifty day moving average of $81.70 and a 200-day moving average of $77.36. The company has a market capitalization of $154.81 billion, a price-to-earnings ratio of 22.27, a P/E/G ratio of 2.68 and a beta of 0.57.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. The firm had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The company’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.94 EPS. As a group, equities research analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is currently 60.95%.

NextEra Energy Company 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.