NextEra Energy, Inc. $NEE Shares Acquired by Harbour Trust & Investment Management Co

Harbour Trust & Investment Management Co boosted its stake in NextEra Energy, Inc. (NYSE:NEE) by 6.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 143,185 shares of the utilities provider’s stock after acquiring an additional 8,818 shares during the period. NextEra Energy accounts for about 1.2% of Harbour Trust & Investment Management Co’s holdings, making the stock its 25th biggest position. Harbour Trust & Investment Management Co’s holdings in NextEra Energy were worth $11,495,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NEE. Tripletail Wealth Management LLC acquired a new position in NextEra Energy in the 3rd quarter valued at $25,000. Strive Asset Management LLC purchased a new stake in shares of NextEra Energy in the third quarter valued at about $29,000. Lodestone Wealth Management LLC acquired a new position in shares of NextEra Energy during the fourth quarter worth about $33,000. Elevated Capital Advisors LLC acquired a new stake in NextEra Energy in the fourth quarter valued at about $39,000. Finally, Halbert Hargrove Global Advisors LLC boosted its holdings in NextEra Energy by 1,188.4% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 554 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 511 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Key NextEra Energy News

Here are the key news stories impacting NextEra Energy this week:

• Positive Sentiment: Wells Fargo published a bullish forecast calling for strong price appreciation for NEE, which supports upside expectations among institutional investors. Wells Fargo Forecasts Strong Price Appreciation for NextEra Energy
• Positive Sentiment: Zacks highlighted NextEra in a roundup of top analyst reports, signaling positive analyst attention that can attract flows. The Zacks Analyst Blog The Goldman Sachs, NextEra, Shopify, Landmark and ImmuCell
• Positive Sentiment: Jefferies nudged its price target up from $92 to $93 (maintaining a Hold), a small supportive signal versus larger downgrades from other houses. Jefferies Adjusts NextEra Energy Price Target to $93
• Neutral Sentiment: Seeking Alpha published a Q1 earnings preview outlining expectations and key metrics to watch; upcoming results/guide will drive short-term volatility. NextEra Energy Q1 earnings on deck: What to expect
• Neutral Sentiment: Macro/political analysis (Morgan Stanley / Yahoo) flags that midterm election outcomes could swing energy sector policy — a source of longer-run policy risk/benefit for utilities and renewables. Who Will Win the Midterm Elections? The Energy Sector.
• Negative Sentiment: The House passed H.R. 4690 (Reliable Federal Infrastructure Act) which would repeal certain federal building energy efficiency performance standards and permit green certification despite fossil fuel use — a regulatory shift that could reduce near-term policy tailwinds for renewables and energy-efficiency driven demand. Congress Vote: The House has passed H.R. 4690 – Reliable Federal Infrastructure Act
• Negative Sentiment: Morgan Stanley/other outlets reported a $2 cut to NEE’s price target, and some coverage frames the stock as pressured after mixed quarterly results (EPS beat but revenue miss), weighing on sentiment. NextEra Energy (NEE) Price Target Lowered by $2 at Morgan Stanley
• Negative Sentiment: Coverage noting NEE “sliding” in the S&P after mixed earnings highlights investor sensitivity to revenue misses and index-related flow. Is NextEra Energy Sliding in S&P 500 After Mixed Earnings?

NextEra Energy Price Performance

Shares of NYSE NEE opened at $90.10 on Thursday. The stock has a market cap of $187.89 billion, a price-to-earnings ratio of 27.39, a PEG ratio of 2.66 and a beta of 0.74. NextEra Energy, Inc. has a 52 week low of $63.88 and a 52 week high of $96.21. The company’s 50-day moving average price is $92.32 and its 200 day moving average price is $86.65. The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35.

NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The company had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $7.07 billion. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The firm’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.53 earnings per share. As a group, research analysts forecast that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were issued a dividend of $0.6232 per share. This is a boost from NextEra Energy’s previous quarterly dividend of $0.57. The ex-dividend date was Friday, February 27th. This represents a $2.49 dividend on an annualized basis and a yield of 2.8%. NextEra Energy’s payout ratio is currently 75.68%.

Analysts Set New Price Targets

NEE has been the subject of several recent analyst reports. Mizuho raised their price target on NextEra Energy from $90.00 to $95.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. Erste Group Bank upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, February 18th. BTIG Research reiterated a “buy” rating and issued a $103.00 price objective on shares of NextEra Energy in a research note on Wednesday, January 28th. Weiss Ratings lowered shares of NextEra Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 17th. Finally, The Goldman Sachs Group lifted their price target on shares of NextEra Energy from $94.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and an average target price of $95.44.

Insider Buying and Selling

In related news, CEO John W. Ketchum sold 99,603 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $89.34, for a total value of $8,898,532.02. Following the completion of the transaction, the chief executive officer owned 305,933 shares of the company’s stock, valued at approximately $27,332,054.22. The trade was a 24.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ronald R. Reagan sold 18,620 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total transaction of $1,675,800.00. Following the sale, the executive vice president directly owned 9,643 shares in the company, valued at $867,870. This represents a 65.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 179,990 shares of company stock valued at $16,155,409. Company insiders own 0.18% of the company’s stock.

About NextEra Energy

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.