NextEra Energy, Inc. $NEE Stock Holdings Raised by Cresset Asset Management LLC

Key Points

• Cresset Asset Management LLC increased its holdings in NextEra Energy by 1.9%, acquiring an additional 5,527 shares in the first quarter, bringing its total to 292,627 shares valued at approximately $20.74 million.
• NextEra Energy's stock opened at $75.40 with a market cap of $155.27 billion and a price-to-earnings ratio of 26.36.
• NextEra Energy announced a quarterly dividend of $0.5665, representing an annual yield of 3.0%, with a payout ratio currently at 79.37%.

Cresset Asset Management LLC raised its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 1.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 292,627 shares of the utilities provider's stock after purchasing an additional 5,527 shares during the period. Cresset Asset Management LLC's holdings in NextEra Energy were worth $20,744,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of NEE. Bellwether Advisors LLC acquired a new position in NextEra Energy in the 4th quarter valued at $30,000. IMA Advisory Services Inc. purchased a new stake in shares of NextEra Energy in the first quarter valued at $35,000. Copia Wealth Management acquired a new position in NextEra Energy in the fourth quarter valued at $36,000. CBIZ Investment Advisory Services LLC lifted its position in NextEra Energy by 237.7% during the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock worth $37,000 after buying an additional 366 shares during the period. Finally, Hughes Financial Services LLC acquired a new stake in NextEra Energy in the 1st quarter worth about $40,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NextEra Energy

In other news, Treasurer James Michael May sold 2,177 shares of the firm's stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the sale, the treasurer directly owned 27,662 shares in the company, valued at $2,143,805. This trade represents a 7.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Robert Coffey sold 7,500 shares of the business's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $71.84, for a total value of $538,800.00. Following the completion of the transaction, the executive vice president owned 26,539 shares in the company, valued at approximately $1,906,561.76. This trade represents a 22.03% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company's stock.

NextEra Energy Stock Up 1.1%

NextEra Energy stock traded up $0.8220 during midday trading on Tuesday, hitting $76.5420. 8,046,120 shares of the company were exchanged, compared to its average volume of 9,502,599. The company has a market cap of $157.62 billion, a PE ratio of 26.76, a price-to-earnings-growth ratio of 2.61 and a beta of 0.63. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. The company's fifty day moving average price is $72.90 and its 200-day moving average price is $70.68. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.04. The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. NextEra Energy's revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the company earned $0.96 earnings per share. On average, research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be given a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Thursday, August 28th. NextEra Energy's dividend payout ratio is presently 79.37%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on NEE shares. Morgan Stanley dropped their price objective on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research note on Wednesday, June 18th. JPMorgan Chase & Co. dropped their price target on shares of NextEra Energy from $86.00 to $82.00 in a research report on Thursday, July 3rd. UBS Group decreased their price target on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. HSBC lowered their price objective on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a research note on Friday, July 11th. Finally, BMO Capital Markets increased their target price on NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Eight research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $84.42.

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.