Coldstream Capital Management Inc. Acquires New Position in NextEra Energy, Inc. (NYSE:NEE)

Coldstream Capital Management Inc. purchased a new stake in NextEra Energy, Inc. (NYSE:NEE – Get Rating) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 31,844 shares of the utilities provider’s stock, valued at approximately $2,662,000.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of NextEra Energy by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 189,253,007 shares of the utilities provider’s stock valued at $14,839,329,000 after purchasing an additional 3,870,385 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of NextEra Energy by 1.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 19,626,941 shares of the utilities provider’s stock valued at $1,538,947,000 after purchasing an additional 315,356 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of NextEra Energy by 0.8% in the 2nd quarter. Legal & General Group Plc now owns 16,099,565 shares of the utilities provider’s stock valued at $1,247,074,000 after purchasing an additional 124,572 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of NextEra Energy by 4.8% in the 3rd quarter. Alliancebernstein L.P. now owns 10,622,137 shares of the utilities provider’s stock valued at $832,882,000 after purchasing an additional 482,717 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its holdings in shares of NextEra Energy by 1.4% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 10,087,751 shares of the utilities provider’s stock valued at $790,981,000 after purchasing an additional 141,691 shares in the last quarter. Institutional investors own 76.17% of the company’s stock.

Insider Activity at NextEra Energy

In other news, CEO Armando Pimentel, Jr. bought 13,200 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The stock was purchased at an average cost of $75.44 per share, for a total transaction of $995,808.00. Following the purchase, the chief executive officer now directly owns 129,230 shares in the company, valued at approximately $9,749,111.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Armando Pimentel, Jr. acquired 13,200 shares of NextEra Energy stock in a transaction on Tuesday, February 21st. The stock was bought at an average cost of $75.44 per share, for a total transaction of $995,808.00. Following the completion of the transaction, the chief executive officer now owns 129,230 shares of the company’s stock, valued at approximately $9,749,111.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Amy B. Lane acquired 1,000 shares of NextEra Energy stock in a transaction on Monday, February 6th. The shares were bought at an average price of $74.86 per share, with a total value of $74,860.00. Following the completion of the transaction, the director now directly owns 41,277 shares of the company’s stock, valued at approximately $3,089,996.22. The disclosure for this purchase can be found here. Insiders bought a total of 18,872 shares of company stock worth $1,417,721 in the last three months. Company insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Bank of America downgraded shares of NextEra Energy from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $94.00 to $80.00 in a research report on Thursday, January 26th. Credit Suisse Group cut their price objective on shares of NextEra Energy from $89.00 to $85.00 and set an “outperform” rating on the stock in a research report on Thursday, January 26th. Wells Fargo & Company cut their price objective on shares of NextEra Energy from $110.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, March 2nd. StockNews.com raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a research report on Friday, March 10th. Finally, Morgan Stanley cut their price objective on shares of NextEra Energy from $100.00 to $97.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 22nd. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and an average target price of $91.83.

NextEra Energy Stock Down 0.7 %

NEE stock opened at $75.67 on Friday. The firm’s fifty day simple moving average is $76.77 and its 200-day simple moving average is $80.31. The company has a market capitalization of $150.39 billion, a P/E ratio of 36.21, a price-to-earnings-growth ratio of 2.65 and a beta of 0.44. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.51 and a quick ratio of 0.43. NextEra Energy, Inc. has a 12 month low of $67.22 and a 12 month high of $91.35.

NextEra Energy (NYSE:NEE – Get Rating) last released its quarterly earnings data on Wednesday, January 25th. The utilities provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.50 by $0.01. The business had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.58 billion. NextEra Energy had a net margin of 19.79% and a return on equity of 12.51%. The business’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.41 EPS. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 3.12 earnings per share for the current year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Tuesday, February 28th were paid a $0.4675 dividend. This is a boost from NextEra Energy’s previous quarterly dividend of $0.43. This represents a $1.87 annualized dividend and a dividend yield of 2.47%. The ex-dividend date was Monday, February 27th. NextEra Energy’s payout ratio is currently 89.47%.

NextEra Energy Profile

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NextEra Energy, Inc engages in the provision of renewable energy. It operates through the following segments: FPL and NEER. The FPL segment involves the generation, transmission, distribution, and sale of electric energy in Florida. The NEER segment produces electricity from clean and renewable sources, including wind and solar.