NextEra Energy, Inc. $NEE Shares Purchased by Harbour Investments Inc.

Key Points

• Harbour Investments boosted its NextEra Energy stake by 66.1% in the fourth quarter, ending with 35,900 shares valued at about $3.03 million.
• Insider selling continued, with EVP Nicole J. Daggs and Treasurer James Michael May both selling shares in March; insiders sold 31,767 shares over the last three months.
• NextEra Energy beat earnings expectations for the latest quarter with EPS of $1.09, and the company also declared a quarterly dividend of $0.6232 per share, implying a 2.8% annual yield.

Harbour Investments Inc. raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 66.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,900 shares of the utilities provider's stock after purchasing an additional 14,282 shares during the period. Harbour Investments Inc.'s holdings in NextEra Energy were worth $3,034,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Allstate Corp increased its position in NextEra Energy by 104.9% during the fourth quarter. Allstate Corp now owns 154,510 shares of the utilities provider's stock worth $12,404,000 after purchasing an additional 79,090 shares during the last quarter. MSH Capital Advisors LLC grew its stake in NextEra Energy by 31.9% during the fourth quarter. MSH Capital Advisors LLC now owns 12,024 shares of the utilities provider's stock worth $965,000 after buying an additional 2,905 shares during the period. Annis Gardner Whiting Capital Advisors LLC grew its stake in NextEra Energy by 97.8% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 8,195 shares of the utilities provider's stock worth $658,000 after buying an additional 4,052 shares during the period. Fisher Asset Management LLC grew its stake in NextEra Energy by 9.9% during the fourth quarter. Fisher Asset Management LLC now owns 22,822 shares of the utilities provider's stock worth $1,832,000 after buying an additional 2,064 shares during the period. Finally, Clearstead Trust LLC grew its stake in NextEra Energy by 0.9% during the fourth quarter. Clearstead Trust LLC now owns 24,385 shares of the utilities provider's stock worth $1,958,000 after buying an additional 213 shares during the period. Institutional investors and hedge funds own 78.72% of the company's stock.

Insider Activity

In other news, EVP Nicole J. Daggs sold 4,934 shares of the company's stock in a transaction on Friday, March 13th. The shares were sold at an average price of $93.00, for a total value of $458,862.00. Following the completion of the transaction, the executive vice president directly owned 16,905 shares in the company, valued at approximately $1,572,165. This represents a 22.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Treasurer James Michael May sold 7,161 shares of the company's stock in a transaction on Monday, March 9th. The shares were sold at an average price of $90.27, for a total transaction of $646,423.47. Following the completion of the transaction, the treasurer owned 26,719 shares of the company's stock, valued at $2,411,924.13. This trade represents a 21.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 31,767 shares of company stock worth $2,881,077. 0.18% of the stock is currently owned by company insiders.

NextEra Energy Price Performance

Shares of NEE stock opened at $87.63 on Thursday. The company has a market capitalization of $182.75 billion, a PE ratio of 22.30, a price-to-earnings-growth ratio of 2.57 and a beta of 0.73. The firm has a fifty day simple moving average of $92.44 and a 200-day simple moving average of $88.20. The company has a current ratio of 0.54, a quick ratio of 0.44 and a debt-to-equity ratio of 1.41. NextEra Energy, Inc. has a twelve month low of $66.77 and a twelve month high of $98.75.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its earnings results on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.06. The business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.43 billion. NextEra Energy had a net margin of 29.36% and a return on equity of 12.25%. The business's quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.99 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. Equities research analysts anticipate that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, June 5th will be paid a $0.6232 dividend. The ex-dividend date is Friday, June 5th. This represents a $2.49 annualized dividend and a dividend yield of 2.8%. NextEra Energy's dividend payout ratio is 63.36%.

Wall Street Analysts Forecast Growth

NEE has been the subject of several research reports. DA Davidson boosted their price objective on shares of NextEra Energy from $95.00 to $105.00 and gave the stock a "buy" rating in a research note on Tuesday, May 5th. Argus set a $92.00 price objective on shares of NextEra Energy and gave the stock a "buy" rating in a research note on Wednesday, January 28th. Scotiabank boosted their price objective on shares of NextEra Energy from $102.00 to $110.00 and gave the stock a "sector perform" rating in a research note on Friday, April 24th. Weiss Ratings upgraded shares of NextEra Energy from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday. Finally, BTIG Research reiterated a "buy" rating and set a $112.00 price objective on shares of NextEra Energy in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $99.20.

NextEra Energy Profile

NextEra Energy, Inc NYSE: NEE, headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company's principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra's activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.

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