Harbour Investments Inc. Buys 358 Shares of NextEra Energy, Inc. (NYSE:NEE)

Harbour Investments Inc. increased its stake in NextEra Energy, Inc. (NYSE:NEE) by 2.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,335 shares of the utilities provider’s stock after buying an additional 358 shares during the period. Harbour Investments Inc.’s holdings in NextEra Energy were worth $1,465,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Orion Portfolio Solutions LLC grew its stake in NextEra Energy by 34.0% in the first quarter. Orion Portfolio Solutions LLC now owns 115,131 shares of the utilities provider’s stock worth $7,358,000 after purchasing an additional 29,189 shares during the period. Leo Wealth LLC bought a new position in shares of NextEra Energy in the 1st quarter worth about $229,000. Trillium Asset Management LLC lifted its position 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 acquiring an additional 42,899 shares during the period. Brighton Jones LLC boosted its stake in NextEra Energy by 5.8% during the first 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 in the last quarter. Finally, Banco BTG Pactual S.A. purchased a new stake in NextEra Energy in the first quarter worth about $952,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the transaction, the executive vice president now directly owns 15,792 shares in the company, valued at approximately $1,193,401.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is currently owned by company insiders.

NextEra Energy Trading Down 0.0 %

NYSE:NEE opened at $74.24 on Thursday. The company has a market cap of $152.67 billion, a PE ratio of 21.96, a price-to-earnings-growth 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. The company has a 50 day simple moving average of $81.84 and a two-hundred day simple moving average of $77.39. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The company had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. During the same quarter in the previous year, the company posted $0.94 earnings per share. NextEra Energy’s revenue was up 5.5% compared to the same quarter last year. Research analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

NEE has been the topic of a number of analyst reports. Scotiabank boosted their price target on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Jefferies Financial Group initiated coverage on NextEra Energy in a report on Thursday, September 19th. They issued a “hold” rating and a $87.00 target price on the stock. Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. JPMorgan Chase & Co. upped their price target on shares of NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Wells Fargo & Company increased their price objective on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research report on Tuesday, September 3rd. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $86.54.

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.