NextEra Energy, Inc. $NEE Shares Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 54.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 69,893 shares of the utilities provider’s stock after acquiring an additional 24,654 shares during the period. Edgestream Partners L.P.’s holdings in NextEra Energy were worth $4,852,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC lifted its position in shares of NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after buying an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC raised its position in NextEra Energy by 6.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock worth $348,000 after acquiring an additional 298 shares during the period. Raiffeisen Bank International AG lifted its holdings in NextEra Energy by 25.8% during the first quarter. Raiffeisen Bank International AG now owns 9,271 shares of the utilities provider’s stock valued at $643,000 after purchasing an additional 1,904 shares in the last quarter. Sfmg LLC acquired a new stake in shares of NextEra Energy in the first quarter valued at about $380,000. Finally, Advyzon Investment Management LLC acquired a new stake in shares of NextEra Energy in the first quarter valued at about $231,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Down 0.0%

Shares of NYSE:NEE opened at $84.65 on Wednesday. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $87.53. The stock has a market cap of $176.28 billion, a P/E ratio of 26.96, a PEG ratio of 2.76 and a beta of 0.74. The business has a fifty day moving average of $82.83 and a two-hundred day moving average of $75.98. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.30.

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

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be paid a $0.5665 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. NextEra Energy’s dividend payout ratio is 71.97%.

Analyst Ratings Changes

Several equities research analysts have commented on NEE shares. Melius Research upgraded NextEra Energy to a “strong-buy” rating in a research note on Wednesday, August 20th. Mizuho boosted their price target on NextEra Energy from $78.00 to $88.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. Evercore ISI restated an “outperform” rating and issued a $93.00 price objective on shares of NextEra Energy in a report on Tuesday, October 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NextEra Energy in a research note on Monday. Finally, HSBC upped their target price on shares of NextEra Energy from $94.00 to $95.00 in a report on Monday, November 10th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and an average price target of $91.00.

Insider Activity

In other news, EVP Michael Dunne sold 10,000 shares of the company’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $70.79, for a total value of $707,900.00. Following the transaction, the executive vice president owned 62,064 shares of the company’s stock, valued at $4,393,510.56. This represents a 13.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mark Lemasney sold 846 shares of the firm’s stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $74.90, for a total value of $63,365.40. Following the sale, the executive vice president directly owned 9,267 shares of the company’s stock, valued at $694,098.30. The trade was a 8.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 168,168 shares of company stock worth $13,917,670 over the last quarter. 0.18% of the stock is currently owned by corporate insiders.

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.