Coldstream Capital Management Inc. Acquires 3,540 Shares of NextEra Energy, Inc. (NYSE:NEE)

Coldstream Capital Management Inc. raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.7% during the second quarter, Holdings Channel.com reports. The fund owned 100,401 shares of the utilities provider’s stock after buying an additional 3,540 shares during the period. Coldstream Capital Management Inc.’s holdings in NextEra Energy were worth $7,109,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Janney Capital Management LLC grew its position in shares of NextEra Energy by 9.5% during the fourth quarter. Janney Capital Management LLC now owns 46,673 shares of the utilities provider’s stock valued at $2,835,000 after purchasing an additional 4,047 shares in the last quarter. Intech Investment Management LLC grew its position in shares of NextEra Energy by 35.7% during the first quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider’s stock valued at $6,411,000 after purchasing an additional 26,382 shares in the last quarter. Camden National Bank grew its position in shares of NextEra Energy by 10.2% during the fourth quarter. Camden National Bank now owns 156,631 shares of the utilities provider’s stock valued at $9,514,000 after purchasing an additional 14,477 shares in the last quarter. Ancora Advisors LLC grew its position in shares of NextEra Energy by 10.6% during the first quarter. Ancora Advisors LLC now owns 79,994 shares of the utilities provider’s stock valued at $5,112,000 after purchasing an additional 7,677 shares in the last quarter. Finally, TrinityPoint Wealth LLC grew its position in NextEra Energy by 2.5% in the fourth quarter. TrinityPoint Wealth LLC now owns 20,898 shares of the utilities provider’s stock worth $1,269,000 after acquiring an additional 507 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on NEE shares. Mizuho lowered NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price target for the company. in a research report on Wednesday, June 12th. Wells Fargo & Company lifted their price target on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 3rd. Morgan Stanley lifted their price target on NextEra Energy from $85.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Evercore ISI lifted their price target on NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a research report on Wednesday, June 12th. Finally, Barclays lifted their price target on NextEra Energy from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Friday, August 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus price target of $81.50.

Insider Activity

In related news, EVP Nicole J. Daggs sold 658 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the transaction, the executive vice president now owns 100 shares of the company’s stock, valued at $7,697. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

NextEra Energy stock opened at $81.27 on Tuesday. The company has a 50 day moving average price of $76.36 and a 200-day moving average price of $70.66. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $82.14. The company has a market capitalization of $167.04 billion, a PE ratio of 22.12, a P/E/G ratio of 2.90 and a beta of 0.56.

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

NextEra Energy Dividend Announcement

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

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.