Harbour Investments Inc. Increases Stake in NextEra Energy, Inc. (NYSE:NEE)

Harbour Investments Inc. lifted its stake in NextEra Energy, Inc. (NYSE:NEE) by 2.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,335 shares of the utilities provider’s stock after buying an additional 358 shares during the quarter. Harbour Investments Inc.’s holdings in NextEra Energy were worth $1,465,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NEE. Orion Portfolio Solutions LLC grew its position in shares of NextEra Energy by 34.0% during the first quarter. Orion Portfolio Solutions LLC now owns 115,131 shares of the utilities provider’s stock valued at $7,358,000 after purchasing an additional 29,189 shares in the last quarter. Leo Wealth LLC bought a new position in NextEra Energy during the first quarter valued at approximately $229,000. Trillium Asset Management LLC grew its holdings in NextEra Energy by 633.5% during the 1st quarter. Trillium Asset Management LLC now owns 49,671 shares of the utilities provider’s stock valued at $3,174,000 after buying an additional 42,899 shares in the last quarter. Brighton Jones LLC increased its stake in NextEra Energy by 5.8% in the 1st quarter. Brighton Jones LLC now owns 29,849 shares of the utilities provider’s stock worth $1,908,000 after acquiring an additional 1,627 shares during the last quarter. Finally, Banco BTG Pactual S.A. purchased a new stake in shares of NextEra Energy during the 1st quarter worth approximately $952,000. Institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on NEE shares. BMO Capital Markets raised their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Barclays boosted their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Jefferies Financial Group assumed coverage on shares of NextEra Energy in a report on Thursday, September 19th. They issued a “hold” rating and a $87.00 price target for the company. Wells Fargo & Company boosted 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. Finally, Royal Bank of Canada lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $86.54.

Insider Buying and Selling at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the sale, the executive vice president now directly owns 15,792 shares in the company, valued at $1,193,401.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

NEE opened at $74.24 on Thursday. The company has a market capitalization of $152.67 billion, a price-to-earnings ratio of 21.96, a PEG ratio of 2.68 and a beta of 0.57. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. The business’s fifty day simple moving average is $81.84 and its 200-day simple moving average is $77.39.

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

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a yield of 2.77%. NextEra Energy’s dividend payout ratio is currently 60.95%.

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.