Freestone Capital Holdings LLC Purchases 4,171 Shares of NextEra Energy, Inc. (NYSE:NEE)

Freestone Capital Holdings LLC increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 159,607 shares of the utilities provider’s stock after purchasing an additional 4,171 shares during the period. Freestone Capital Holdings LLC’s holdings in NextEra Energy were worth $11,442,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Burkett Financial Services LLC grew its position in shares of NextEra Energy by 1,229.6% during the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 332 shares in the last quarter. Sugar Maple Asset Management LLC bought a new position in NextEra Energy in the 4th quarter worth approximately $28,000. Quarry LP purchased a new stake in NextEra Energy during the 3rd quarter valued at approximately $33,000. Luken Investment Analytics LLC purchased a new stake in NextEra Energy during the 4th quarter valued at approximately $36,000. Finally, Midwest Capital Advisors LLC purchased a new stake in NextEra Energy during the 4th quarter valued at approximately $44,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following the transaction, the chief accounting officer now owns 27,427 shares in the company, valued at $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by insiders.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $70.51 on Thursday. The firm has a market cap of $145.03 billion, a P/E ratio of 20.92, a P/E/G ratio of 2.45 and a beta of 0.58. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a 12 month low of $55.26 and a 12 month high of $86.10. The stock’s fifty day moving average price is $70.33 and its 200-day moving average price is $76.16.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. 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 paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s payout ratio is 67.06%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. Evercore ISI lowered their price target on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research report on Monday, January 27th. Jefferies Financial Group lowered their price target on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. BMO Capital Markets raised their price target on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Finally, Morgan Stanley lifted their target price on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $85.85.

About NextEra Energy

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.