Edgestream Partners L.P. Raises Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Edgestream Partners L.P. boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 391.3% during the third quarter, Holdings Channel.com reports. The firm owned 90,263 shares of the utilities provider’s stock after acquiring an additional 71,890 shares during the period. Edgestream Partners L.P.’s holdings in NextEra Energy were worth $7,630,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of NEE. Proffitt & Goodson Inc. increased its stake in NextEra Energy by 64.0% during the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 144 shares during the last quarter. Semmax Financial Advisors Inc. boosted its holdings in shares of NextEra Energy by 197.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 225 shares during the period. Reston Wealth Management LLC bought a new position in shares of NextEra Energy during the 3rd quarter valued at approximately $27,000. Valley Wealth Managers Inc. purchased a new stake in NextEra Energy during the 2nd quarter valued at $33,000. Finally, Maryland Capital Advisors Inc. bought a new stake in NextEra Energy in the third quarter worth $39,000. Institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling

In related news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the transaction, the executive vice president now directly owns 15,792 shares in the company, valued at $1,193,401.44. The trade was a 20.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. BMO Capital Markets increased their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Bank of America increased their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Jefferies Financial Group started coverage on NextEra Energy in a research note on Thursday, September 19th. They set a “hold” rating and a $87.00 target price on the stock. Royal Bank of Canada lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Finally, Morgan Stanley cut their price objective on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $86.85.

NextEra Energy Stock Performance

Shares of NYSE:NEE opened at $78.67 on Friday. The firm has a 50 day moving average of $80.32 and a 200 day moving average of $77.83. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $161.78 billion, a price-to-earnings ratio of 23.28, a price-to-earnings-growth ratio of 2.84 and a beta of 0.57. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The firm had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. During the same period in the previous year, the company posted $0.94 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, sell-side analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s payout ratio is currently 60.95%.

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.