Harbour Trust & Investment Management Co Has $9.04 Million Stock Holdings in NextEra Energy, Inc. $NEE

Key Points

• Harbour Trust & Investment Management Co increased its holdings in NextEra Energy, Inc. by 8.8% in Q2, now owning 130,220 shares valued at $9.04 million.
• NextEra Energy's quarterly earnings report revealed an earnings per share of $1.05, beating expectations, with a revenue of $6.70 billion, which was below the anticipated $7.52 billion.
• The company recently announced a quarterly dividend of $0.5665 per share, reflecting an annualized yield of 2.7%.

Harbour Trust & Investment Management Co grew its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 8.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 130,220 shares of the utilities provider's stock after buying an additional 10,502 shares during the quarter. Harbour Trust & Investment Management Co's holdings in NextEra Energy were worth $9,040,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC increased its position in NextEra Energy by 7.0% in the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock worth $2,028,000 after purchasing an additional 1,840 shares during the period. Revolve Wealth Partners LLC increased its position in NextEra Energy by 6.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock worth $348,000 after purchasing an additional 298 shares during the period. GAMMA Investing LLC increased its position in NextEra Energy by 20.7% in the first quarter. GAMMA Investing LLC now owns 34,681 shares of the utilities provider's stock worth $2,459,000 after purchasing an additional 5,949 shares during the period. Hennessy Advisors Inc. increased its position in NextEra Energy by 23.3% in the first quarter. Hennessy Advisors Inc. now owns 10,570 shares of the utilities provider's stock worth $749,000 after purchasing an additional 2,000 shares during the period. Finally, Dynamic Advisor Solutions LLC increased its position in NextEra Energy by 3.9% in the first quarter. Dynamic Advisor Solutions LLC now owns 33,410 shares of the utilities provider's stock worth $2,368,000 after purchasing an additional 1,263 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Up 1.1%

NextEra Energy stock opened at $84.25 on Tuesday. The company's 50 day simple moving average is $74.47 and its 200 day simple moving average is $71.85. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.00. The firm has a market capitalization of $173.49 billion, a price-to-earnings ratio of 29.46, a PEG ratio of 2.82 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 data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. During the same quarter last year, the firm earned $0.96 EPS. NextEra Energy's quarterly revenue was up 10.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were given a $0.5665 dividend. The ex-dividend date was Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. NextEra Energy's payout ratio is currently 79.37%.

Insiders Place Their Bets

In related news, EVP Michael Dunne sold 10,000 shares of the business's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $70.79, for a total value of $707,900.00. Following the completion of the transaction, the executive vice president directly owned 62,064 shares in the company, valued at approximately $4,393,510.56. The trade was a 13.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark Lemasney sold 846 shares of the business's stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total value of $63,365.40. Following the completion of the transaction, the executive vice president owned 9,267 shares of the company's stock, valued at $694,098.30. This represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,705 shares of company stock worth $2,446,490 in the last three months. 0.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on NEE shares. Evercore ISI set a $92.00 price objective on NextEra Energy and gave the stock an "outperform" rating in a research report on Monday, October 6th. Morgan Stanley reiterated an "overweight" rating and issued a $95.00 price objective (down from $96.00) on shares of NextEra Energy in a research report on Thursday, September 25th. Melius Research upgraded NextEra Energy to a "strong-buy" rating in a research report on Wednesday, August 20th. JPMorgan Chase & Co. lifted their price objective on NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a research report on Friday, August 22nd. Finally, Barclays boosted their target price on NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $85.00.

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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