Cresset Asset Management LLC Has $16.08 Million Stake in NextEra Energy, Inc. (NYSE:NEE)

Cresset Asset Management LLC increased its stake in shares of NextEra Energy, Inc. (NYSE:NEEFree Report) by 8.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 264,799 shares of the utilities provider’s stock after purchasing an additional 19,556 shares during the quarter. Cresset Asset Management LLC’s holdings in NextEra Energy were worth $16,084,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Clear Investment Research LLC grew its stake in shares of NextEra Energy by 387.2% during the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 364 shares during the last quarter. BOK Financial Private Wealth Inc. bought a new position in NextEra Energy in the fourth quarter valued at approximately $29,000. Stuart Chaussee & Associates Inc. boosted its stake in NextEra Energy by 315.4% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 410 shares during the last quarter. Valued Wealth Advisors LLC bought a new position in NextEra Energy in the fourth quarter valued at approximately $34,000. Finally, Rakuten Securities Inc. bought a new position in NextEra Energy in the fourth quarter valued at approximately $34,000. 78.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Mizuho lifted their price target on shares of NextEra Energy from $67.00 to $71.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Scotiabank raised their price objective on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a report on Monday, April 22nd. Barclays raised their price objective on shares of NextEra Energy from $66.00 to $74.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 5th. BMO Capital Markets lifted their price target on shares of NextEra Energy from $72.00 to $78.00 and gave the company an “outperform” rating in a research note on Tuesday, May 7th. Finally, Wells Fargo & Company lifted their price target on shares of NextEra Energy from $85.00 to $95.00 and gave the company an “overweight” rating in a research note on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.50.

Read Our Latest Report on NEE

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $77.01 on Tuesday. The company has a 50 day moving average of $70.79 and a 200-day moving average of $63.20. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $80.47. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12. The company has a market cap of $158.22 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 2.76 and a beta of 0.56.

NextEra Energy (NYSE:NEEGet Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The company had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The firm’s quarterly revenue was down 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.84 EPS. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.67%. The ex-dividend date of this dividend is Monday, June 3rd. NextEra Energy’s payout ratio is currently 56.13%.

NextEra Energy Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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