Bar Harbor Wealth Management Sells 6,682 Shares of NextEra Energy, Inc. (NYSE:NEE)

Bar Harbor Wealth Management cut its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,590 shares of the utilities provider’s stock after selling 6,682 shares during the quarter. Bar Harbor Wealth Management’s holdings in NextEra Energy were worth $6,292,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of NEE. Wimmer Associates 1 LLC raised its position in shares of NextEra Energy by 3.6% during the 1st quarter. Wimmer Associates 1 LLC now owns 3,935 shares of the utilities provider’s stock worth $305,000 after purchasing an additional 135 shares during the last quarter. Kolinsky Wealth Management LLC grew its stake in shares of NextEra Energy by 2.1% in the 1st quarter. Kolinsky Wealth Management LLC now owns 6,669 shares of the utilities provider’s stock valued at $514,000 after buying an additional 139 shares during the period. Baldwin Investment Management LLC grew its stake in shares of NextEra Energy by 0.4% in the 1st quarter. Baldwin Investment Management LLC now owns 35,437 shares of the utilities provider’s stock valued at $2,731,000 after buying an additional 150 shares during the period. Greenfield Savings Bank grew its stake in shares of NextEra Energy by 0.5% in the 4th quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock valued at $1,957,000 after buying an additional 163 shares during the period. Finally, Barnes Pettey Financial Advisors LLC grew its stake in shares of NextEra Energy by 1.7% in the 4th quarter. Barnes Pettey Financial Advisors LLC now owns 10,181 shares of the utilities provider’s stock valued at $851,000 after buying an additional 169 shares during the period. 78.72% of the stock is owned by institutional investors.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $61.43 on Wednesday. The company’s fifty day moving average price is $57.70 and its 200 day moving average price is $58.62. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $79.78. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.55 and a quick ratio of 0.47. The firm has a market capitalization of $126.08 billion, a P/E ratio of 17.02, a P/E/G ratio of 2.22 and a beta of 0.50.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. The firm had revenue of $6.88 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same period last year, the business earned $0.51 EPS. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.44 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.35%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s dividend payout ratio is presently 57.06%.

Analyst Upgrades and Downgrades

NEE has been the subject of several analyst reports. BMO Capital Markets increased their price target on shares of NextEra Energy from $76.00 to $77.00 and gave the company an “outperform” rating in a research note on Monday, March 18th. Wells Fargo & Company increased their price target on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $74.00 price objective on shares of NextEra Energy in a research report on Tuesday, January 30th. Guggenheim increased their price objective on shares of NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Finally, Mizuho reaffirmed a “buy” rating and set a $67.00 price objective (up previously from $65.00) on shares of NextEra Energy in a research report on Friday, March 15th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and a consensus target price of $72.46.

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.