Harbor Investment Advisory LLC Grows Position in NextEra Energy, Inc. (NYSE:NEE)

Harbor Investment Advisory LLC grew its position in NextEra Energy, Inc. (NYSE:NEE) by 5.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,240 shares of the utilities provider’s stock after acquiring an additional 686 shares during the quarter. Harbor Investment Advisory LLC’s holdings in NextEra Energy were worth $949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC lifted its holdings in shares of NextEra Energy by 107.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,378 shares of the utilities provider’s stock valued at $640,000 after acquiring an additional 4,344 shares during the last quarter. Evergreen Capital Management LLC lifted its stake in shares of NextEra Energy by 15.0% in the 2nd quarter. Evergreen Capital Management LLC now owns 22,757 shares of the utilities provider’s stock valued at $1,611,000 after purchasing an additional 2,973 shares during the last quarter. Interval Partners LP purchased a new position in shares of NextEra Energy in the 2nd quarter worth approximately $1,668,000. Sagefield Capital LP increased its position in shares of NextEra Energy by 149.5% during the 2nd quarter. Sagefield Capital LP now owns 114,104 shares of the utilities provider’s stock valued at $8,080,000 after purchasing an additional 68,372 shares during the last quarter. Finally, Marshall Wace LLP raised its holdings in NextEra Energy by 1,337.2% during the 2nd quarter. Marshall Wace LLP now owns 131,866 shares of the utilities provider’s stock valued at $9,337,000 after buying an additional 122,691 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.18% of the stock is currently owned by insiders.

NextEra Energy Stock Performance

NEE stock opened at $70.85 on Wednesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The business has a 50-day moving average price of $73.40 and a 200 day moving average price of $77.24. The company has a market capitalization of $145.70 billion, a P/E ratio of 20.96, a PEG ratio of 2.38 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $8.11 billion. During the same quarter in the prior year, the company earned $0.94 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on NEE shares. Dbs Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Guggenheim upped their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Scotiabank raised their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Morgan Stanley cut their target price on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Finally, Barclays boosted their price objective on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy currently has an average rating of “Hold” and a consensus price target of $87.15.

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.