Oak Harvest Investment Services Buys 1,510 Shares of NextEra Energy, Inc. (NYSE:NEE)

Oak Harvest Investment Services raised its stake in NextEra Energy, Inc. (NYSE:NEE) by 2.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 65,358 shares of the utilities provider’s stock after buying an additional 1,510 shares during the quarter. Oak Harvest Investment Services’ holdings in NextEra Energy were worth $4,177,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Avitas Wealth Management LLC lifted its position in shares of NextEra Energy by 2.9% in the fourth quarter. Avitas Wealth Management LLC now owns 37,843 shares of the utilities provider’s stock worth $2,299,000 after purchasing an additional 1,057 shares in the last quarter. Stiles Financial Services Inc lifted its position in shares of NextEra Energy by 9.0% in the fourth quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock worth $2,137,000 after purchasing an additional 2,899 shares in the last quarter. Janney Capital Management LLC lifted its position in shares of NextEra Energy by 9.5% in the fourth quarter. Janney Capital Management LLC now owns 46,673 shares of the utilities provider’s stock worth $2,835,000 after purchasing an additional 4,047 shares in the last quarter. Asio Capital LLC bought a new stake in shares of NextEra Energy in the fourth quarter worth $2,701,000. Finally, AJOVista LLC bought a new stake in shares of NextEra Energy in the fourth quarter worth $162,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NYSE:NEE traded up $1.36 on Thursday, hitting $71.83. The company had a trading volume of 4,487,233 shares, compared to its average volume of 12,555,230. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $80.47. The stock has a market cap of $147.58 billion, a price-to-earnings ratio of 19.57, a P/E/G ratio of 2.41 and a beta of 0.54. The stock has a 50 day moving average price of $73.53 and a 200 day moving average price of $64.68. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The business had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same period in the prior year, the company posted $0.84 earnings per share. NextEra Energy’s revenue was down 14.7% compared to the same quarter last year. Analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a $0.515 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $2.06 annualized dividend and a dividend yield of 2.87%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Analysts Set New Price Targets

NEE has been the topic of a number of research reports. BMO Capital Markets boosted their price objective on shares of NextEra Energy from $78.00 to $79.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. Scotiabank boosted their price objective on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research report on Monday, April 22nd. StockNews.com upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Mizuho downgraded shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price on the stock. in a report on Wednesday, June 12th. Finally, JPMorgan Chase & Co. boosted their target price on shares of NextEra Energy from $76.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, June 20th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $77.57.

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.