NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Oak Harbor Wealth Partners LLC

Oak Harbor Wealth Partners LLC cut its position in NextEra Energy, Inc. (NYSE:NEE) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,271 shares of the utilities provider’s stock after selling 305 shares during the period. Oak Harbor Wealth Partners LLC’s holdings in NextEra Energy were worth $1,310,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Amundi grew its holdings in NextEra Energy by 49.8% during the fourth quarter. Amundi now owns 9,543,552 shares of the utilities provider’s stock worth $676,008,000 after acquiring an additional 3,172,405 shares during the period. Permanent Capital Management LP purchased a new position in shares of NextEra Energy in the fourth quarter valued at approximately $437,000. Dorsey & Whitney Trust CO LLC lifted its position in shares of NextEra Energy by 70.7% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 54,348 shares of the utilities provider’s stock valued at $3,896,000 after acquiring an additional 22,509 shares in the last quarter. Larson Financial Group LLC lifted its position in NextEra Energy by 9.6% during the fourth quarter. Larson Financial Group LLC now owns 12,479 shares of the utilities provider’s stock worth $895,000 after buying an additional 1,090 shares in the last quarter. Finally, HM Payson & Co. lifted its position in NextEra Energy by 1.7% during the fourth quarter. HM Payson & Co. now owns 62,222 shares of the utilities provider’s stock worth $4,461,000 after buying an additional 1,039 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the sale, the chief accounting officer now owns 27,427 shares in the company, valued at $1,867,504.43. This trade represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

NEE has been the subject of several recent analyst reports. Scotiabank raised their target price on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Evercore ISI lowered their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research note on Monday, January 27th. Morgan Stanley lifted their price target on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. BMO Capital Markets lifted their price target on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Finally, Jefferies Financial Group reduced their target price on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $85.85.

NextEra Energy Stock Performance

Shares of NEE stock opened at $72.86 on Friday. NextEra Energy, Inc. has a 12-month low of $56.31 and a 12-month high of $86.10. The company has a market cap of $149.88 billion, a price-to-earnings ratio of 21.62, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The stock has a 50 day simple moving average of $70.30 and a 200-day simple moving average of $76.07. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a dividend of $0.5665 per share. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.27 annualized dividend and a yield of 3.11%. NextEra Energy’s dividend payout ratio (DPR) is presently 67.06%.

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.