Coldstream Capital Management Inc. Boosts Stake in NextEra Energy, Inc. (NYSE:NEE)

Coldstream Capital Management Inc. raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 100,401 shares of the utilities provider’s stock after buying an additional 3,540 shares during the quarter. Coldstream Capital Management Inc.’s holdings in NextEra Energy were worth $7,109,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Gryphon Financial Partners LLC grew its position in NextEra Energy by 20.2% during the second quarter. Gryphon Financial Partners LLC now owns 16,231 shares of the utilities provider’s stock worth $1,149,000 after buying an additional 2,723 shares in the last quarter. Andra AP fonden purchased a new position in NextEra Energy during the second quarter worth about $92,000. Bright Futures Wealth Management LLC. grew its position in NextEra Energy by 7.4% during the second quarter. Bright Futures Wealth Management LLC. now owns 17,948 shares of the utilities provider’s stock worth $1,271,000 after buying an additional 1,233 shares in the last quarter. Royal London Asset Management Ltd. grew its position in NextEra Energy by 24.4% during the second quarter. Royal London Asset Management Ltd. now owns 715,231 shares of the utilities provider’s stock worth $50,646,000 after buying an additional 140,308 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC grew its position in NextEra Energy by 9.7% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 30,892 shares of the utilities provider’s stock worth $2,187,000 after buying an additional 2,735 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Trading Up 0.1 %

NEE opened at $81.27 on Tuesday. The business has a 50 day simple moving average of $76.36 and a two-hundred day simple moving average of $70.66. The firm has a market capitalization of $167.04 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 2.90 and a beta of 0.56. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $82.14.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The firm had revenue of $6.07 billion during the quarter, compared to analyst estimates of $7.29 billion. During the same quarter in the prior year, the company earned $0.88 EPS. Analysts predict that NextEra Energy, Inc. will post 3.39 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.515 per share. The ex-dividend date is Friday, August 30th. This represents a $2.06 annualized dividend and a yield of 2.53%. NextEra Energy’s dividend payout ratio is 56.13%.

Wall Street Analysts Forecast Growth

NEE has been the subject of a number of research reports. Morgan Stanley upped their price objective on NextEra Energy from $85.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. Royal Bank of Canada upped their price objective on NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. JPMorgan Chase & Co. upped their price objective on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Citigroup boosted their target price on NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Finally, Bank of America boosted their target price on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and an average target price of $81.50.

Insider Activity

In related news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the transaction, the executive vice president now directly owns 100 shares of the company’s stock, valued at approximately $7,697. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.18% of the company’s stock.

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.