Jackson Square Capital LLC Purchases New Position in NextEra Energy, Inc. $NEE

Key Points

• Jackson Square Capital LLC has made a new investment of approximately $699,000 in NextEra Energy, Inc., acquiring 10,070 shares during the second quarter.
• Insiders at NextEra Energy have been actively selling shares; notably, EVP Mark Lemasney sold 846 shares and EVP Michael Dunne sold 10,000 shares in September, indicating a decrease in their holdings.
• NextEra Energy declared a quarterly dividend of $0.5665 per share, yielding 3.2%, with a dividend payout ratio of 79.02%.

Jackson Square Capital LLC bought a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 10,070 shares of the utilities provider's stock, valued at approximately $699,000.

A number of other hedge funds and other institutional investors have also modified their holdings of NEE. 1 North Wealth Services LLC acquired a new position in NextEra Energy during the first quarter worth approximately $26,000. Nova Wealth Management Inc. acquired a new position in NextEra Energy during the first quarter worth approximately $32,000. IMA Advisory Services Inc. acquired a new position in NextEra Energy during the first quarter worth approximately $35,000. Copia Wealth Management acquired a new position in NextEra Energy during the fourth quarter worth approximately $36,000. Finally, Semmax Financial Advisors Inc. increased its position in NextEra Energy by 335.0% during the first quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider's stock worth $36,000 after buying an additional 392 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

Insider Activity at NextEra Energy

In other news, Treasurer James Michael May sold 2,177 shares of the stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the transaction, the treasurer owned 27,662 shares of the company's stock, valued at $2,143,805. This represents a 7.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark Lemasney sold 846 shares of the stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $71.90, for a total transaction of $60,827.40. Following the transaction, the executive vice president directly owned 10,113 shares in the company, valued at $727,124.70. This trade represents a 7.72% decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,523 shares of company stock worth $1,476,245 over the last quarter. Company insiders own 0.20% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Melius Research upgraded NextEra Energy to a "strong-buy" rating in a report on Wednesday, August 20th. Barclays boosted their price objective on NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Mizuho set a $78.00 price objective on NextEra Energy in a report on Thursday, August 21st. JPMorgan Chase & Co. boosted their price target on NextEra Energy from $86.00 to $87.00 and gave the company an "overweight" rating in a research note on Friday, August 22nd. Finally, Morgan Stanley reiterated an "overweight" rating on shares of NextEra Energy in a research note on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, NextEra Energy presently has an average rating of "Moderate Buy" and an average price target of $84.00.

NextEra Energy Trading Up 0.4%

NEE traded up $0.25 during trading on Friday, reaching $71.04. 14,817,505 shares of the stock traded hands, compared to its average volume of 9,176,082. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $146.29 billion, a PE ratio of 24.84, a P/E/G ratio of 2.45 and a beta of 0.65. The stock's 50-day moving average is $72.77 and its 200 day moving average is $71.06. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10.

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

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy's dividend payout ratio is 79.02%.

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.