Bar Harbor Wealth Management Sells 18,089 Shares of NextEra Energy, Inc. $NEE

Bar Harbor Wealth Management decreased its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 29.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,357 shares of the utilities provider's stock after selling 18,089 shares during the period. Bar Harbor Wealth Management's holdings in NextEra Energy were worth $3,010,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of NextEra Energy by 7.0% during the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock valued at $2,028,000 after purchasing an additional 1,840 shares during the period. Revolve Wealth Partners LLC boosted its stake in shares of NextEra Energy by 6.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock valued at $348,000 after purchasing an additional 298 shares during the period. Signet Financial Management LLC boosted its stake in shares of NextEra Energy by 10.3% during the first quarter. Signet Financial Management LLC now owns 16,987 shares of the utilities provider's stock valued at $1,204,000 after purchasing an additional 1,581 shares during the period. GAMMA Investing LLC boosted its stake in shares of NextEra Energy by 20.7% during the first quarter. GAMMA Investing LLC now owns 34,681 shares of the utilities provider's stock valued at $2,459,000 after purchasing an additional 5,949 shares during the period. Finally, Simplicity Wealth LLC purchased a new stake in shares of NextEra Energy during the first quarter valued at $355,000. Institutional investors own 78.72% of the company's stock.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Michael Dunne sold 10,000 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $70.79, for a total transaction of $707,900.00. Following the completion of the sale, the executive vice president directly owned 62,064 shares of the company's stock, valued at approximately $4,393,510.56. This represents a 13.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of the stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the sale, the treasurer directly owned 27,662 shares of the company's stock, valued at approximately $2,143,805. The trade was a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,705 shares of company stock valued at $2,446,490. 0.20% of the stock is currently owned by corporate insiders.

NextEra Energy Stock Up 1.0%

NYSE:NEE opened at $84.06 on Thursday. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.00. The company has a 50-day moving average of $73.69 and a 200 day moving average of $71.53. The firm has a market cap of $173.10 billion, a PE ratio of 29.39, a price-to-earnings-growth ratio of 2.87 and a beta of 0.66. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. The business had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The company's quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.96 earnings per share. As a group, research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy's dividend payout ratio is presently 79.02%.

Wall Street Analyst Weigh In

NEE has been the subject of a number of recent analyst reports. Morgan Stanley reissued an "overweight" rating and set a $95.00 target price (down from $96.00) on shares of NextEra Energy in a research note on Thursday, September 25th. Weiss Ratings reissued a "hold (c)" rating on shares of NextEra Energy in a research note on Saturday, September 27th. Barclays boosted their target price on shares of NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. BMO Capital Markets boosted their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Finally, JPMorgan Chase & Co. upped their price objective on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a research note on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $85.08.

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.

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