Crestwood Advisors Group LLC Has $8.14 Million Stock Holdings in NextEra Energy, Inc. $NEE

Crestwood Advisors Group LLC raised its position in NextEra Energy, Inc. (NYSE:NEE) by 1.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,205 shares of the utilities provider’s stock after buying an additional 1,525 shares during the quarter. Crestwood Advisors Group LLC’s holdings in NextEra Energy were worth $8,136,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in shares of NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock worth $2,028,000 after purchasing an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC grew its position in shares of NextEra Energy by 6.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock worth $348,000 after purchasing an additional 298 shares in the last quarter. Brown Advisory Inc. grew its position in NextEra Energy by 2.7% during the first quarter. Brown Advisory Inc. now owns 242,727 shares of the utilities provider’s stock worth $17,207,000 after buying an additional 6,485 shares in the last quarter. Investment Partners LTD. grew its position in NextEra Energy by 14.3% during the first quarter. Investment Partners LTD. now owns 3,858 shares of the utilities provider’s stock worth $274,000 after buying an additional 482 shares in the last quarter. Finally, Stratos Investment Management LLC grew its position in NextEra Energy by 23.9% during the first quarter. Stratos Investment Management LLC now owns 72,440 shares of the utilities provider’s stock worth $5,135,000 after buying an additional 13,979 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NextEra Energy

In related news, EVP Mark Lemasney sold 846 shares of the firm’s stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the sale, the executive vice president owned 9,267 shares of the company’s stock, valued at $694,098.30. This trade represents a 8.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Charles E. Sieving sold 11,336 shares of the firm’s stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the sale, the executive vice president directly owned 167,481 shares in the company, valued at approximately $13,398,480. This trade represents a 6.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 23,028 shares of company stock worth $1,738,973 over the last quarter. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NEE. Melius Research raised NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. Wells Fargo & Company raised NextEra Energy to a “strong-buy” rating in a report on Tuesday, October 28th. BMO Capital Markets increased their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Evercore ISI reiterated an “outperform” rating and set a $93.00 price objective on shares of NextEra Energy in a research note on Tuesday, October 28th. Finally, Mizuho increased their price objective on shares of NextEra Energy from $78.00 to $88.00 and gave the stock a “neutral” rating in a research note on Monday, October 27th. Three research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $90.22.

NextEra Energy Stock Performance

NYSE:NEE opened at $81.61 on Wednesday. The stock’s 50-day simple moving average is $77.57 and its 200 day simple moving average is $73.70. The firm has a market capitalization of $169.97 billion, a PE ratio of 25.99, a price-to-earnings-growth ratio of 2.76 and a beta of 0.66. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.30. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $87.53.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.09. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The company had revenue of $7.97 billion for the quarter, compared to the consensus estimate of $8.13 billion. During the same period last year, the company posted $1.03 EPS. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. On average, analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be given a $0.5665 dividend. The ex-dividend date is Friday, November 21st. This represents a $2.27 dividend on an annualized basis and a yield of 2.8%. NextEra Energy’s dividend payout ratio (DPR) is currently 71.97%.

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.