Edgestream Partners L.P. Buys 16,946 Shares of NextEra Energy, Inc. (NYSE:NEE)

Edgestream Partners L.P. raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 18.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 107,209 shares of the utilities provider's stock after acquiring an additional 16,946 shares during the period. Edgestream Partners L.P.'s holdings in NextEra Energy were worth $7,686,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of NEE. Howard Capital Management Group LLC increased its position in shares of NextEra Energy by 1.8% during the 3rd quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider's stock valued at $25,293,000 after purchasing an additional 5,409 shares during the last quarter. United Advisor Group LLC purchased a new stake in shares of NextEra Energy during the 3rd quarter valued at about $235,000. Avidian Wealth Enterprises LLC increased its position in shares of NextEra Energy by 66.2% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 12,684 shares of the utilities provider's stock valued at $1,072,000 after purchasing an additional 5,050 shares during the last quarter. Radnor Capital Management LLC increased its position in shares of NextEra Energy by 20.3% during the 3rd quarter. Radnor Capital Management LLC now owns 15,983 shares of the utilities provider's stock valued at $1,351,000 after purchasing an additional 2,700 shares during the last quarter. Finally, Blake Schutter Theil Wealth Advisors LLC purchased a new stake in shares of NextEra Energy during the 3rd quarter valued at about $1,237,000. Institutional investors own 78.72% of the company's stock.

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Wall Street Analyst Weigh In

NEE has been the subject of several analyst reports. Jefferies Financial Group reduced their target price on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Evercore ISI reduced their target price on shares of NextEra Energy from $84.00 to $79.00 and set an "in-line" rating for the company in a report on Monday, January 27th. BMO Capital Markets increased their target price on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Morgan Stanley increased their target price on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. reduced their target price on shares of NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $85.85.

Insider Activity

In other news, CAO James Michael May sold 2,383 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the completion of the transaction, the chief accounting officer now directly owns 27,427 shares in the company, valued at approximately $1,867,504.43. This represents a 7.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.18% of the company's stock.

NextEra Energy Price Performance

NEE stock traded up $2.85 during midday trading on Friday, hitting $72.86. The company's stock had a trading volume of 13,468,211 shares, compared to its average volume of 11,374,279. NextEra Energy, Inc. has a 12 month low of $56.31 and a 12 month high of $86.10. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $149.88 billion, a price-to-earnings ratio of 21.62, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The company has a 50 day moving average of $70.30 and a two-hundred day moving average of $76.05.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting analysts' consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. On average, analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given a dividend of $0.5665 per share. This is an increase from NextEra Energy's previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend is Friday, February 28th. NextEra Energy's dividend payout ratio is currently 67.06%.

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.