Crestwood Advisors Group LLC Boosts Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Crestwood Advisors Group LLC increased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 114,159 shares of the utilities provider’s stock after purchasing an additional 2,959 shares during the period. Crestwood Advisors Group LLC’s holdings in NextEra Energy were worth $8,184,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Howard Capital Management Group LLC increased its stake in NextEra Energy by 1.8% during the third quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider’s stock worth $25,293,000 after acquiring an additional 5,409 shares during the last quarter. Silver Oak Securities Incorporated boosted its holdings in shares of NextEra Energy by 333.1% in the 3rd quarter. Silver Oak Securities Incorporated now owns 6,198 shares of the utilities provider’s stock worth $524,000 after purchasing an additional 4,767 shares during the period. NorthCrest Asset Manangement LLC increased its position in shares of NextEra Energy by 172.0% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 41,333 shares of the utilities provider’s stock valued at $3,494,000 after purchasing an additional 26,139 shares during the last quarter. Arkadios Wealth Advisors raised its holdings in NextEra Energy by 29.5% during the 3rd quarter. Arkadios Wealth Advisors now owns 22,834 shares of the utilities provider’s stock valued at $1,930,000 after buying an additional 5,196 shares during the period. Finally, Pathway Financial Advisers LLC lifted its position in NextEra Energy by 6.8% in the third quarter. Pathway Financial Advisers LLC now owns 12,551 shares of the utilities provider’s stock worth $1,061,000 after buying an additional 796 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following the completion of the transaction, the chief accounting officer now directly owns 27,427 shares of the company’s stock, valued at approximately $1,867,504.43. The trade was a 7.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $71.74 on Monday. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The stock’s fifty day moving average price is $70.53 and its 200-day moving average price is $76.55. The firm has a market cap of $147.56 billion, a P/E ratio of 21.29, a P/E/G ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10.

NextEra Energy (NYSE:NEE) 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 net margin of 28.06% and a return on equity of 11.85%. On average, equities research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.5665 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.16%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio is currently 67.06%.

Analysts Set New Price Targets

A number of research firms have weighed in on NEE. Evercore ISI cut their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research report on Monday, January 27th. JPMorgan Chase & Co. decreased their price objective on shares of NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Morgan Stanley boosted their target price on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. BMO Capital Markets increased their price target on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Finally, Scotiabank boosted their price objective on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, NextEra Energy presently has a consensus rating of “Hold” and a consensus target price of $85.85.

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.