Harvest Fund Management Co. Ltd Buys 571 Shares of NextEra Energy, Inc. (NYSE:NEE)

Harvest Fund Management Co. Ltd increased its stake in NextEra Energy, Inc. (NYSE:NEE) by 2,482.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 594 shares of the utilities provider’s stock after acquiring an additional 571 shares during the period. Harvest Fund Management Co. Ltd’s holdings in NextEra Energy were worth $50,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Proffitt & Goodson Inc. raised its position in NextEra Energy by 64.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 144 shares during the last quarter. Semmax Financial Advisors Inc. raised its position in NextEra Energy by 197.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 225 shares during the last quarter. Reston Wealth Management LLC bought a new position in NextEra Energy during the 3rd quarter valued at approximately $27,000. Valley Wealth Managers Inc. bought a new position in NextEra Energy during the 2nd quarter valued at approximately $33,000. Finally, Maryland Capital Advisors Inc. bought a new position in NextEra Energy during the 3rd quarter valued at approximately $39,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NextEra Energy stock opened at $78.54 on Thursday. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $161.50 billion, a P/E ratio of 23.24, a PEG ratio of 2.77 and a beta of 0.57. The stock’s 50 day moving average is $80.48 and its 200 day moving average is $77.79. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10.

NextEra Energy (NYSE:NEE) last posted its quarterly 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. The company had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.94 EPS. On average, equities research analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be paid a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.62%. NextEra Energy’s dividend payout ratio is 60.95%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the sale, the executive vice president now directly owns 15,792 shares in the company, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Scotiabank upped their price target on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Jefferies Financial Group assumed coverage on NextEra Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $87.00 price target for the company. Guggenheim increased their target price on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Wells Fargo & Company increased their target price on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 3rd. Finally, Barclays increased their target price on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $86.85.

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.