NextEra Energy, Inc. (NYSE:NEE) Stake Boosted by Jackson Wealth Management LLC

Jackson Wealth Management LLC boosted its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 3.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 116,349 shares of the utilities provider's stock after purchasing an additional 3,701 shares during the period. NextEra Energy makes up approximately 1.0% of Jackson Wealth Management LLC's investment portfolio, making the stock its 23rd biggest holding. Jackson Wealth Management LLC's holdings in NextEra Energy were worth $8,248,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of NextEra Energy by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 205,297,225 shares of the utilities provider's stock valued at $14,717,758,000 after acquiring an additional 2,090,538 shares in the last quarter. Norges Bank bought a new stake in shares of NextEra Energy in the 4th quarter valued at about $3,484,197,000. Geode Capital Management LLC raised its holdings in shares of NextEra Energy by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 43,778,016 shares of the utilities provider's stock valued at $3,129,132,000 after purchasing an additional 1,359,268 shares in the last quarter. Northern Trust Corp raised its stake in NextEra Energy by 9.6% in the fourth quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider's stock worth $1,655,353,000 after buying an additional 2,030,331 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of NextEra Energy by 15.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,921,721 shares of the utilities provider's stock worth $926,358,000 after acquiring an additional 1,707,933 shares in the last quarter. Institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Up 1.7%

NEE stock traded up $1.21 during trading on Wednesday, reaching $73.67. The stock had a trading volume of 8,792,282 shares, compared to its average volume of 12,519,818. The firm has a fifty day moving average price of $70.90 and a 200 day moving average price of $70.19. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The company has a market capitalization of $151.66 billion, a P/E ratio of 27.59, a PEG ratio of 2.63 and a beta of 0.67. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.32.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The firm had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. During the same quarter in the prior year, the business earned $0.91 earnings per share. NextEra Energy's quarterly revenue was up 9.0% on a year-over-year basis. On average, equities analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a dividend of $0.5665 per share. The ex-dividend date was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.08%. NextEra Energy's dividend payout ratio is presently 85.02%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NEE. BMO Capital Markets reduced their price target on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Erste Group Bank downgraded NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Barclays dropped their price objective on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. Wells Fargo & Company dropped their target price on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Finally, UBS Group lowered their target price on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research note on Friday, May 23rd. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, NextEra Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $84.55.

Insider Activity at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the transaction, the executive vice president directly owned 196,817 shares of the company's stock, valued at $13,777,190. The trade was a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by corporate insiders.

NextEra Energy 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.