Coldstream Capital Management Inc. Buys 2,929 Shares of NextEra Energy, Inc. (NYSE:NEE)

Coldstream Capital Management Inc. boosted its stake in NextEra Energy, Inc. (NYSE:NEE) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,198 shares of the utilities provider’s stock after purchasing an additional 2,929 shares during the period. Coldstream Capital Management Inc.’s holdings in NextEra Energy were worth $7,613,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Howard Capital Management Group LLC increased its holdings in NextEra Energy by 1.8% in the 3rd quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider’s stock worth $25,293,000 after purchasing an additional 5,409 shares in the last quarter. SOA Wealth Advisors LLC. grew its holdings in shares of NextEra Energy by 3.1% during the third quarter. SOA Wealth Advisors LLC. now owns 21,790 shares of the utilities provider’s stock worth $1,842,000 after purchasing an additional 656 shares during the last quarter. Wealthquest Corp increased its stake in shares of NextEra Energy by 4.8% in the third quarter. Wealthquest Corp now owns 9,829 shares of the utilities provider’s stock valued at $838,000 after buying an additional 446 shares during the period. Tudor Financial Inc. bought a new position in NextEra Energy in the 3rd quarter valued at approximately $742,000. Finally, Anchor Investment Management LLC raised its holdings in NextEra Energy by 4.5% in the 3rd quarter. Anchor Investment Management LLC now owns 52,178 shares of the utilities provider’s stock valued at $4,411,000 after buying an additional 2,252 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Down 0.4 %

NextEra Energy stock opened at $66.10 on Friday. The company has a market capitalization of $136.07 billion, a PE ratio of 19.61, a PEG ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The firm’s fifty day moving average is $69.41 and its 200 day moving average is $72.73. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting the consensus estimate of $0.99. The firm had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were issued a dividend of $0.5665 per share. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.27 annualized dividend and a yield of 3.43%. NextEra Energy’s dividend payout ratio is presently 67.06%.

Analyst Ratings Changes

Several brokerages have issued reports on NEE. Erste Group Bank upgraded shares of NextEra Energy to a “strong-buy” rating in a research report on Wednesday, April 16th. Evercore ISI decreased their price objective on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a report on Monday, January 27th. Barclays lowered their target price on NextEra Energy from $77.00 to $73.00 and set an “equal weight” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. upped their price target on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Finally, Wells Fargo & Company lowered their price objective on NextEra Energy from $102.00 to $97.00 and set an “overweight” rating for the company in a research report on Thursday. Eight analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.08.

Insiders Place Their Bets

In other news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were 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 directly owns 27,427 shares of the company’s stock, 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 legal filing with the SEC, which is available at this link. Corporate 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.