Jackson Wealth Management LLC increased its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 3.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 116,349 shares of the utilities provider's stock after acquiring an additional 3,701 shares during the period. NextEra Energy makes up about 1.0% of Jackson Wealth Management LLC's 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 reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Brighton Jones LLC raised its position in NextEra Energy by 7.0% in the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock valued at $2,028,000 after purchasing an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of NextEra Energy by 6.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock valued at $348,000 after purchasing an additional 298 shares during the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of NextEra Energy by 88.0% in the 4th quarter. Proficio Capital Partners LLC now owns 13,199 shares of the utilities provider's stock valued at $946,000 after buying an additional 6,177 shares during the period. Inceptionr LLC lifted its holdings in shares of NextEra Energy by 36.4% in the 4th quarter. Inceptionr LLC now owns 7,772 shares of the utilities provider's stock valued at $557,000 after buying an additional 2,076 shares during the period. Finally, E Fund Management Co. Ltd. lifted its holdings in shares of NextEra Energy by 26.2% in the 4th quarter. E Fund Management Co. Ltd. now owns 4,987 shares of the utilities provider's stock valued at $358,000 after buying an additional 1,036 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at NextEra Energy
In other news, EVP Charles E. Sieving sold 23,684 shares of the company's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the completion of the sale, the executive vice president owned 196,817 shares of the company's stock, valued at approximately $13,777,190. This represents a 10.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.20% of the company's stock.
NextEra Energy Price Performance
Shares of NEE stock opened at $73.56 on Friday. The firm's 50 day moving average price is $70.62 and its two-hundred day moving average price is $70.15. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.45 and a current ratio of 0.55. The stock has a market cap of $151.43 billion, a PE ratio of 27.55, a PEG ratio of 2.60 and a beta of 0.67. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10.
NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting analysts' consensus estimates of $0.99. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The business had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. During the same period last year, the business posted $0.91 earnings per share. The firm's quarterly revenue was up 9.0% on a year-over-year basis. As a group, analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.
NextEra Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's dividend payout ratio is currently 85.02%.
Wall Street Analyst Weigh In
NEE has been the subject of a number of analyst reports. Barclays cut their price target on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a report on Tuesday, April 29th. Morgan Stanley decreased their target price on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research report on Wednesday, June 18th. Guggenheim reissued a "buy" rating and issued a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. BMO Capital Markets reduced their price target on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Finally, UBS Group cut their price objective on 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 equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $84.55.
Check Out Our Latest Research Report on NextEra Energy
NextEra Energy Company 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.
Further Reading
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