Oak Harbor Wealth Partners LLC Acquires 14,451 Shares of NextEra Energy, Inc. (NYSE:NEE)

Oak Harbor Wealth Partners LLC raised its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 350.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,576 shares of the utilities provider's stock after acquiring an additional 14,451 shares during the period. Oak Harbor Wealth Partners LLC's holdings in NextEra Energy were worth $1,570,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Proffitt & Goodson Inc. boosted its position in NextEra Energy by 64.0% in the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider's stock valued at $26,000 after buying an additional 144 shares in the last quarter. Semmax Financial Advisors Inc. increased its holdings in NextEra Energy by 197.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 225 shares in the last quarter. Reston Wealth Management LLC bought a new position in NextEra Energy in the 3rd quarter valued at $27,000. Valley Wealth Managers Inc. acquired a new position in NextEra Energy in the second quarter worth $33,000. Finally, Maryland Capital Advisors Inc. bought a new stake in shares of NextEra Energy during the third quarter worth $39,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NEE. Jefferies Financial Group assumed coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They set a "hold" rating and a $87.00 price target on the stock. Dbs Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 27th. Scotiabank upped their target price on shares of NextEra Energy from $73.00 to $92.00 and gave the company a "sector outperform" rating in a research report on Tuesday, August 20th. Bank of America lifted their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a "neutral" rating in a research report on Thursday, August 29th. Finally, Royal Bank of Canada cut shares of NextEra Energy from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, October 22nd. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $86.54.

NextEra Energy Stock Performance

Shares of NEE stock traded up $1.05 on Friday, reaching $76.33. The stock had a trading volume of 12,930,274 shares, compared to its average volume of 10,952,575. 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 firm has a market capitalization of $156.97 billion, a price-to-earnings ratio of 22.49, a P/E/G ratio of 2.68 and a beta of 0.57. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The firm's 50-day moving average is $81.60 and its two-hundred day moving average is $77.35.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The company had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. During the same quarter last year, the firm earned $0.94 earnings per share. The company's revenue was up 5.5% on a year-over-year basis. On average, research analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date is Friday, November 22nd. NextEra Energy's dividend payout ratio is currently 60.95%.

Insiders Place Their Bets

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the firm's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the transaction, the executive vice president now directly owns 15,792 shares of the company's stock, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.18% of the company's stock.

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.