JGP Wealth Management LLC Has $12.11 Million Stake in NextEra Energy, Inc. (NYSE:NEE)

JGP Wealth Management LLC reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 4.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 170,859 shares of the utilities provider's stock after selling 7,080 shares during the quarter. NextEra Energy comprises approximately 1.6% of JGP Wealth Management LLC's holdings, making the stock its 16th largest position. JGP Wealth Management LLC's holdings in NextEra Energy were worth $12,112,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Empowered Funds LLC increased its position in NextEra Energy by 14.7% in the 4th quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider's stock valued at $3,267,000 after acquiring an additional 5,831 shares during the period. Empower Advisory Group LLC increased its position in NextEra Energy by 2.3% in the 4th quarter. Empower Advisory Group LLC now owns 1,823,327 shares of the utilities provider's stock valued at $130,714,000 after acquiring an additional 41,328 shares during the period. Brentview Investment Management LLC acquired a new stake in NextEra Energy in the 4th quarter valued at approximately $3,761,000. Somerset Trust Co increased its position in NextEra Energy by 5.2% in the 1st quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider's stock valued at $6,359,000 after acquiring an additional 4,445 shares during the period. Finally, Fortress Financial Solutions LLC acquired a new stake in NextEra Energy in the 4th quarter valued at approximately $315,000. 78.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the company. Barclays lowered their target price on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 29th. BMO Capital Markets lowered their target price 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. JPMorgan Chase & Co. raised their target price on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. Guggenheim reiterated a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a research report on Thursday, March 20th. Finally, UBS Group lowered their price target on NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $83.50.

NextEra Energy Price Performance

Shares of NYSE NEE traded up $0.94 during mid-day trading on Thursday, reaching $70.82. The company had a trading volume of 3,276,902 shares, compared to its average volume of 11,076,976. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The stock has a market cap of $145.79 billion, a PE ratio of 21.01, a P/E/G ratio of 2.45 and a beta of 0.69. The company has a 50-day moving average price of $68.41 and a two-hundred day moving average price of $70.71. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.99. The business had revenue of $6.25 billion for the quarter, compared to analysts' expectations of $6.58 billion. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The company's quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.91 EPS. 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 firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a $0.5665 dividend. The ex-dividend date is Monday, June 2nd. This represents a $2.27 annualized dividend and a dividend yield of 3.20%. NextEra Energy's dividend payout ratio (DPR) is presently 84.64%.

Insider Transactions at NextEra Energy

In other news, EVP Charles E. Sieving sold 23,684 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $70.00, for a total value of $1,657,880.00. Following the completion of the sale, the executive vice president now owns 196,817 shares of the company's stock, valued at $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.20% of the stock is currently owned by insiders.

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.