Harbour Trust & Investment Management Co Purchases 3,105 Shares of NextEra Energy, Inc. (NYSE:NEE)

Harbour Trust & Investment Management Co lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 116,092 shares of the utilities provider’s stock after acquiring an additional 3,105 shares during the quarter. Harbour Trust & Investment Management Co’s holdings in NextEra Energy were worth $8,323,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of NEE. Reston Wealth Management LLC bought a new stake in shares of NextEra Energy during the third quarter valued at about $27,000. Burkett Financial Services LLC lifted its holdings in shares of NextEra Energy by 1,229.6% during the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC bought a new position in NextEra Energy in the 4th quarter valued at approximately $28,000. Quarry LP purchased a new position in shares of NextEra Energy in the 3rd quarter worth $33,000. Finally, Maryland Capital Advisors Inc. bought a new stake in NextEra Energy during the third quarter valued at about $39,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

NEE stock opened at $68.24 on Monday. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The company has a 50 day moving average price of $71.66 and a 200 day moving average price of $77.02. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The stock has a market capitalization of $140.33 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 2.42 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last released its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

Analyst Ratings Changes

NEE has been the topic of a number of research reports. Evercore ISI reduced their target price on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. Morgan Stanley upped their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. decreased their price target on NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Finally, Barclays boosted their target price on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $85.85.

Insider Buying and Selling

In related 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 value of $302,808.99. Following the completion of the sale, the executive vice president now directly owns 15,792 shares in the company, valued at $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.18% of the stock is owned by insiders.

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.