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

Harbour Investments Inc. increased its position in NextEra Energy, Inc. (NYSE:NEE) by 2.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm 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 quarter.

Other institutional investors have also bought and sold shares of the company. Apollon Wealth Management LLC lifted its position in shares of NextEra Energy by 1.3% in the third quarter. Apollon Wealth Management LLC now owns 85,901 shares of the utilities provider’s stock valued at $7,261,000 after acquiring an additional 1,067 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its holdings in NextEra Energy by 13.5% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 60,580 shares of the utilities provider’s stock worth $5,121,000 after purchasing an additional 7,229 shares in the last quarter. Laffer Tengler Investments Inc. lifted its holdings in NextEra Energy by 902.5% in the 3rd quarter. Laffer Tengler Investments Inc. now owns 44,119 shares of the utilities provider’s stock worth $3,729,000 after purchasing an additional 39,718 shares in the last quarter. Jag Capital Management LLC boosted its stake in NextEra Energy by 1,082.0% in the 3rd quarter. Jag Capital Management LLC now owns 117,457 shares of the utilities provider’s stock worth $9,929,000 after purchasing an additional 107,520 shares during the period. Finally, Kennebec Savings Bank purchased a new stake in NextEra Energy during the 3rd quarter valued at approximately $414,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the firm’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 transaction, the executive vice president now directly owns 15,792 shares in the company, valued at $1,193,401.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.18% of the stock is owned by company insiders.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $74.24 on Thursday. 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 stock’s fifty day moving average is $81.84 and its two-hundred day moving average is $77.39. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10. The company has a market capitalization 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.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping 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 firm had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. During the same period in the prior year, the business posted $0.94 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on NEE shares. JPMorgan Chase & Co. upped their target price on shares of NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Bank of America increased their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Jefferies Financial Group started coverage on NextEra Energy in a research note on Thursday, September 19th. They set a “hold” rating and a $87.00 price target for the company. Finally, Dbs Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $86.54.

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.