Edgestream Partners L.P. Acquires 15,233 Shares of NextEra Energy, Inc. (NYSE:NEE)

Edgestream Partners L.P. grew its position in NextEra Energy, Inc. (NYSE:NEE) by 485.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 18,373 shares of the utilities provider’s stock after acquiring an additional 15,233 shares during the period. Edgestream Partners L.P.’s holdings in NextEra Energy were worth $1,301,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. BCK Partners Inc. lifted its stake in shares of NextEra Energy by 3.8% in the 2nd quarter. BCK Partners Inc. now owns 3,687 shares of the utilities provider’s stock valued at $261,000 after acquiring an additional 135 shares during the last quarter. Renasant Bank lifted its stake in shares of NextEra Energy by 1.0% in the 1st quarter. Renasant Bank now owns 14,614 shares of the utilities provider’s stock valued at $934,000 after acquiring an additional 142 shares during the last quarter. Stonebridge Capital Advisors LLC lifted its stake in shares of NextEra Energy by 1.8% in the 1st quarter. Stonebridge Capital Advisors LLC now owns 8,029 shares of the utilities provider’s stock valued at $513,000 after acquiring an additional 143 shares during the last quarter. Proffitt & Goodson Inc. lifted its stake in shares of NextEra Energy by 64.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 144 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC lifted its stake in shares of NextEra Energy by 1.0% in the 2nd quarter. NorthCrest Asset Manangement LLC now owns 15,194 shares of the utilities provider’s stock valued at $1,076,000 after acquiring an additional 146 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $82.76 on Friday. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. The business has a 50-day moving average price of $78.33 and a two-hundred day moving average price of $72.22. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $85.56. The company has a market cap of $170.03 billion, a P/E ratio of 22.55, a PEG ratio of 3.03 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. The firm had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $7.29 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. During the same period last year, the business posted $0.88 EPS. As a group, analysts anticipate that NextEra Energy, Inc. will post 3.39 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a $0.515 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.06 annualized dividend and a dividend yield of 2.49%. NextEra Energy’s dividend payout ratio is presently 56.13%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Jefferies Financial Group assumed coverage on NextEra Energy in a research note on Thursday. They issued a “hold” rating and a $87.00 price target for the company. JPMorgan Chase & Co. increased their price objective on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Mizuho downgraded NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price objective for the company. in a report on Wednesday, June 12th. Bank of America increased their price objective on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Finally, Scotiabank increased their price objective on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, NextEra Energy presently has a consensus rating of “Moderate Buy” and an average target price of $81.87.

Insider Activity

In other news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the sale, the executive vice president now directly owns 100 shares in the company, valued at approximately $7,697. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.18% of the stock is currently owned by company insiders.

About NextEra Energy

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.