NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 18.8% during the fourth quarter, HoldingsChannel reports. The fund owned 107,209 shares of the utilities provider’s stock after buying an additional 16,946 shares during the period. Edgestream Partners L.P.’s holdings in NextEra Energy were worth $7,686,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Second Line Capital LLC lifted its stake in shares of NextEra Energy by 4.7% in the 3rd quarter. Second Line Capital LLC now owns 3,097 shares of the utilities provider’s stock valued at $262,000 after purchasing an additional 139 shares during the last quarter. Drive Wealth Management LLC raised its holdings in NextEra Energy by 2.8% in the 3rd quarter. Drive Wealth Management LLC now owns 5,332 shares of the utilities provider’s stock valued at $451,000 after buying an additional 145 shares during the period. Accel Wealth Management raised its holdings in NextEra Energy by 1.7% in the 4th quarter. Accel Wealth Management now owns 8,615 shares of the utilities provider’s stock valued at $618,000 after buying an additional 145 shares during the period. L.M. Kohn & Company lifted its position in NextEra Energy by 1.0% in the fourth quarter. L.M. Kohn & Company now owns 15,353 shares of the utilities provider’s stock valued at $1,101,000 after buying an additional 145 shares during the last quarter. Finally, 1ST Source Bank boosted its stake in NextEra Energy by 0.4% during the third quarter. 1ST Source Bank now owns 34,178 shares of the utilities provider’s stock worth $2,889,000 after buying an additional 147 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on NEE shares. Evercore ISI reduced their price target on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research note on Monday, January 27th. Morgan Stanley upped their price target on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. lowered their price target on NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Jefferies Financial Group cut their price objective on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Finally, BMO Capital Markets raised their target price on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $85.85.

NextEra Energy Stock Down 0.7 %

Shares of NYSE:NEE opened at $69.99 on Friday. NextEra Energy, Inc. has a fifty-two week low of $55.53 and a fifty-two week high of $86.10. The firm’s 50 day moving average price is $70.28 and its 200 day moving average price is $76.12. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The stock has a market cap of $143.97 billion, a price-to-earnings ratio of 20.77, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. As a group, equities research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given a dividend of $0.5665 per share. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a dividend yield of 3.24%. The ex-dividend date is Friday, February 28th. NextEra Energy’s dividend payout ratio is currently 67.06%.

Insider Activity

In related news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the completion of the sale, the chief accounting officer now owns 27,427 shares in the company, valued at $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.18% of the company’s stock.

NextEra Energy Company 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.