Oak Harvest Investment Services Grows Stake in NextEra Energy, Inc. (NYSE:NEE)

Oak Harvest Investment Services grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 72,080 shares of the utilities provider’s stock after purchasing an additional 4,098 shares during the period. Oak Harvest Investment Services’ holdings in NextEra Energy were worth $6,093,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Tandem Capital Management Corp ADV boosted its holdings in 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 worth $840,000 after acquiring an additional 125 shares in the last quarter. JFS Wealth Advisors LLC raised its position in shares of NextEra Energy by 39.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 4,388 shares of the utilities provider’s stock valued at $371,000 after purchasing an additional 1,243 shares during the last quarter. Diversify Wealth Management LLC acquired a new stake in NextEra Energy in the 3rd quarter worth approximately $331,000. First Trust Direct Indexing L.P. grew its position in NextEra Energy by 9.4% during 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 during the last quarter. Finally, Pathway Financial Advisers LLC increased its stake in NextEra Energy by 6.8% during the 3rd quarter. Pathway Financial Advisers LLC now owns 12,551 shares of the utilities provider’s stock valued at $1,061,000 after purchasing an additional 796 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NextEra Energy stock opened at $79.13 on Thursday. The firm has a market cap of $162.58 billion, a PE ratio of 21.56, a P/E/G ratio of 3.03 and a beta of 0.56. The business has a 50-day moving average price of $82.43 and a 200 day moving average price of $76.55. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. NextEra Energy, Inc. has a twelve month low of $53.81 and a twelve month high of $86.10.

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

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be given a $0.515 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 annualized dividend and a dividend yield of 2.60%. NextEra Energy’s dividend payout ratio (DPR) is 56.13%.

Analyst Upgrades and Downgrades

NEE has been the subject of several research reports. Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company boosted their price target on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research note on Tuesday, September 3rd. Morgan Stanley raised their price objective on NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Jefferies Financial Group started coverage on NextEra Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $87.00 target price on the stock. Finally, Guggenheim increased their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $86.54.

NextEra Energy 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.