Harbour Investment Management LLC Purchases 303 Shares of NextEra Energy, Inc. (NYSE:NEE)

Harbour Investment Management LLC grew its stake in NextEra Energy, Inc. (NYSE:NEE) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,319 shares of the utilities provider’s stock after acquiring an additional 303 shares during the quarter. NextEra Energy comprises about 1.4% of Harbour Investment Management LLC’s portfolio, making the stock its 18th biggest position. Harbour Investment Management LLC’s holdings in NextEra Energy were worth $3,106,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in NEE. Burkett Financial Services LLC increased its holdings in shares of NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 332 shares during the period. Sugar Maple Asset Management LLC purchased a new position in shares of NextEra Energy in the 4th quarter valued at $28,000. Quarry LP purchased a new position in shares of NextEra Energy in the 3rd quarter valued at $33,000. Luken Investment Analytics LLC purchased a new position in shares of NextEra Energy in the 4th quarter valued at $36,000. Finally, Midwest Capital Advisors LLC purchased a new position in shares of NextEra Energy in the 4th quarter valued at $44,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now owns 27,427 shares of the company’s stock, valued at $1,867,504.43. This represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NEE. Morgan Stanley boosted their target price on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. boosted their price target on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday. BMO Capital Markets boosted their price target on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Jefferies Financial Group dropped their price target on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Finally, Scotiabank boosted their price target on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $85.92.

NextEra Energy Stock Performance

NYSE NEE opened at $73.59 on Friday. The stock has a market capitalization of $151.37 billion, a price-to-earnings ratio of 21.84, a PEG ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a twelve month low of $58.88 and a twelve month high of $86.10. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The stock has a 50-day moving average of $70.51 and a 200 day moving average of $75.87.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.5665 per share. The ex-dividend date is Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.08%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio 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.