Crestwood Advisors Group LLC Has $8.14 Million Stock Holdings in NextEra Energy, Inc. $NEE

Crestwood Advisors Group LLC increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 117,205 shares of the utilities provider’s stock after acquiring an additional 1,525 shares during the quarter. Crestwood Advisors Group LLC’s holdings in NextEra Energy were worth $8,136,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of NEE. FWG Holdings LLC grew its stake in shares of NextEra Energy by 4.9% in the second quarter. FWG Holdings LLC now owns 15,918 shares of the utilities provider’s stock worth $1,123,000 after purchasing an additional 737 shares during the last quarter. Jacobson & Schmitt Advisors LLC bought a new stake in shares of NextEra Energy in the second quarter worth $288,000. Dillon & Associates Inc. lifted its holdings in NextEra Energy by 8.4% during the 2nd quarter. Dillon & Associates Inc. now owns 68,246 shares of the utilities provider’s stock worth $4,709,000 after buying an additional 5,261 shares during the period. NewSquare Capital LLC lifted its holdings in NextEra Energy by 86.8% during the 2nd quarter. NewSquare Capital LLC now owns 1,397 shares of the utilities provider’s stock worth $97,000 after buying an additional 649 shares during the period. Finally, Elyxium Wealth LLC lifted its holdings in NextEra Energy by 17.5% during the 2nd quarter. Elyxium Wealth LLC now owns 12,985 shares of the utilities provider’s stock worth $901,000 after buying an additional 1,938 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NEE opened at $81.61 on Wednesday. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $87.53. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55. The business’s 50 day moving average price is $77.57 and its two-hundred day moving average price is $73.70. The firm has a market cap of $169.97 billion, a PE ratio of 25.99, a price-to-earnings-growth ratio of 2.76 and a beta of 0.66.

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

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be issued a dividend of $0.5665 per share. The ex-dividend date is Friday, November 21st. This represents a $2.27 annualized dividend and a dividend yield of 2.8%. NextEra Energy’s dividend payout ratio is currently 71.97%.

Insider Activity

In other news, EVP Mark Lemasney sold 846 shares of the company’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction of $63,365.40. Following the transaction, the executive vice president owned 9,267 shares in the company, valued at approximately $694,098.30. This represents a 8.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Charles E. Sieving sold 11,336 shares of the company’s stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total value of $906,880.00. Following the transaction, the executive vice president directly owned 167,481 shares in the company, valued at approximately $13,398,480. This trade represents a 6.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 23,028 shares of company stock worth $1,738,973. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

NEE has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NextEra Energy in a report on Tuesday, October 14th. Cowen began coverage on NextEra Energy in a research note on Wednesday, October 15th. They issued a “buy” rating on the stock. UBS Group reaffirmed a “buy” rating and issued a $96.00 price objective (up from $84.00) on shares of NextEra Energy in a research note on Wednesday, October 29th. Melius Research upgraded shares of NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $85.00 price target (up previously from $77.00) on shares of NextEra Energy in a research report on Tuesday, October 14th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $90.22.

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.