NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by Oak Harvest Investment Services

Oak Harvest Investment Services boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 6.0% in the 3rd quarter, Holdings Channel reports. The firm owned 72,080 shares of the utilities provider’s stock after acquiring an additional 4,098 shares during the quarter. Oak Harvest Investment Services’ holdings in NextEra Energy were worth $6,093,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tandem Capital Management Corp ADV raised its position in shares of NextEra Energy by 1.3% in the third quarter. Tandem Capital Management Corp ADV now owns 9,935 shares of the utilities provider’s stock valued at $840,000 after buying an additional 125 shares during the last quarter. JFS Wealth Advisors LLC grew its stake in NextEra Energy by 39.5% during the 3rd quarter. JFS Wealth Advisors LLC now owns 4,388 shares of the utilities provider’s stock valued at $371,000 after acquiring an additional 1,243 shares in the last quarter. Diversify Wealth Management LLC acquired a new stake in NextEra Energy in the 3rd quarter valued at about $331,000. First Trust Direct Indexing L.P. lifted its stake in NextEra Energy by 9.4% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 86,270 shares of the utilities provider’s stock worth $7,292,000 after purchasing an additional 7,407 shares in the last quarter. Finally, Pathway Financial Advisers LLC boosted its holdings in shares of NextEra Energy by 6.8% during the 3rd quarter. Pathway Financial Advisers LLC now owns 12,551 shares of the utilities provider’s stock worth $1,061,000 after purchasing an additional 796 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $79.13 on Thursday. NextEra Energy, Inc. has a 52 week low of $53.81 and a 52 week high of $86.10. The stock has a market cap of $162.58 billion, a price-to-earnings ratio of 21.56, a PEG ratio of 3.03 and a beta of 0.56. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. The company’s 50-day moving average price is $82.43 and its 200 day moving average price is $76.55.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.05. The company had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. NextEra Energy’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.94 EPS. As a group, research analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio is currently 56.13%.

Wall Street Analysts Forecast Growth

NEE has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their price target on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Barclays boosted their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Wells Fargo & Company upped their price objective on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a report on Tuesday, September 3rd. Finally, Morgan Stanley raised their target price on NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $86.54.

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.