Bar Harbor Wealth Management Sells 8,006 Shares of NextEra Energy, Inc. $NEE

Bar Harbor Wealth Management decreased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 18.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,351 shares of the utilities provider’s stock after selling 8,006 shares during the period. Bar Harbor Wealth Management’s holdings in NextEra Energy were worth $2,669,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Activest Wealth Management raised its holdings in NextEra Energy by 79.7% during the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 157 shares during the period. Harbor Asset Planning Inc. purchased a new stake in shares of NextEra Energy during the second quarter worth about $25,000. Goodman Advisory Group LLC bought a new stake in NextEra Energy during the 2nd quarter valued at approximately $25,000. 1 North Wealth Services LLC purchased a new position in NextEra Energy in the 1st quarter worth approximately $26,000. Finally, Quaker Wealth Management LLC boosted its stake in NextEra Energy by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 772 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

NYSE:NEE opened at $80.17 on Thursday. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $87.53. The firm has a market cap of $166.96 billion, a P/E ratio of 25.53, a price-to-earnings-growth ratio of 2.68 and a beta of 0.74. The stock has a 50 day moving average of $83.14 and a two-hundred day moving average of $77.19.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.09. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The company had revenue of $7.97 billion during the quarter, compared to analyst estimates of $8.13 billion. During the same period in the prior year, the business posted $1.03 earnings per share. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 21st were paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 2.8%. The ex-dividend date was Friday, November 21st. NextEra Energy’s dividend payout ratio is currently 72.29%.

Analyst Upgrades and Downgrades

NEE has been the topic of several research analyst reports. BMO Capital Markets reissued an “outperform” rating and issued a $89.00 target price (down previously from $90.00) on shares of NextEra Energy in a report on Wednesday, December 10th. Mizuho boosted their price target on shares of NextEra Energy from $78.00 to $88.00 and gave the stock a “neutral” rating in a research note on Monday, October 27th. Barclays set a $88.00 price objective on NextEra Energy and gave the company an “equal weight” rating in a research report on Wednesday, October 29th. BTIG Research reiterated a “buy” rating and issued a $100.00 target price on shares of NextEra Energy in a research report on Tuesday, December 9th. Finally, Evercore ISI reiterated an “outperform” rating and set a $93.00 target price on shares of NextEra Energy in a research report on Tuesday, October 28th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $91.56.

Insider Activity

In other NextEra Energy news, EVP Charles E. Sieving sold 11,336 shares of the stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total transaction of $906,880.00. Following the completion of the sale, the executive vice president directly owned 167,481 shares of the company’s stock, valued at approximately $13,398,480. This trade represents a 6.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the completion of the sale, the chief executive officer owned 162,693 shares of the company’s stock, valued at $13,651,569.63. This trade represents a 47.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.20% of the company’s stock.

About NextEra Energy

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.