Jones Financial Companies Lllp Reduces Position in NextEra Energy, Inc. $NEE

Key Points

• Jones Financial Companies Lllp significantly reduced its stake in NextEra Energy by 73.5%, selling 380,899 shares and now holds 137,027 shares valued at approximately $9.7 million.
• Despite the decrease in some investor stakes, institutional investors and hedge funds still own 78.72% of the company's stock, indicating strong institutional interest.
• NextEra Energy reported earnings of $1.05 EPS for the latest quarter, surpassing estimates, though it faced a revenue shortfall with $6.70 billion against an expectation of $7.52 billion.

Jones Financial Companies Lllp cut its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 73.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 137,027 shares of the utilities provider's stock after selling 380,899 shares during the quarter. Jones Financial Companies Lllp's holdings in NextEra Energy were worth $9,704,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Tradition Wealth Management LLC lifted its holdings in NextEra Energy by 2.2% during the first quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider's stock valued at $470,000 after purchasing an additional 143 shares during the last quarter. Cim LLC lifted its holdings in shares of NextEra Energy by 0.5% in the fourth quarter. Cim LLC now owns 33,434 shares of the utilities provider's stock worth $2,397,000 after buying an additional 158 shares in the last quarter. Conning Inc. lifted its holdings in shares of NextEra Energy by 1.1% in the first quarter. Conning Inc. now owns 14,089 shares of the utilities provider's stock worth $999,000 after buying an additional 160 shares in the last quarter. Premier Path Wealth Partners LLC lifted its holdings in shares of NextEra Energy by 0.7% in the first quarter. Premier Path Wealth Partners LLC now owns 22,445 shares of the utilities provider's stock worth $1,591,000 after buying an additional 166 shares in the last quarter. Finally, Opal Wealth Advisors LLC lifted its holdings in shares of NextEra Energy by 2.9% in the first quarter. Opal Wealth Advisors LLC now owns 6,020 shares of the utilities provider's stock worth $427,000 after buying an additional 168 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Robert Coffey sold 7,500 shares of the stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $71.84, for a total transaction of $538,800.00. Following the transaction, the executive vice president directly owned 26,539 shares in the company, valued at $1,906,561.76. This trade represents a 22.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael Dunne sold 10,000 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $70.79, for a total transaction of $707,900.00. Following the transaction, the executive vice president owned 62,064 shares in the company, valued at $4,393,510.56. The trade was a 13.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,677 shares of company stock worth $1,415,418 over the last ninety days. Insiders own 0.20% of the company's stock.

NextEra Energy Price Performance

Shares of NEE stock traded up $0.34 during trading on Friday, hitting $71.66. The company had a trading volume of 9,343,417 shares, compared to its average volume of 9,308,457. 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's 50-day moving average is $73.10 and its two-hundred day moving average is $71.07. The stock has a market capitalization of $147.57 billion, a price-to-earnings ratio of 25.06, a price-to-earnings-growth ratio of 2.47 and a beta of 0.65. 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 posted its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, topping the consensus estimate 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%. NextEra Energy's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.96 earnings per share. As a group, analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Thursday, August 28th. NextEra Energy's dividend payout ratio (DPR) is presently 79.02%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on NEE shares. Morgan Stanley reissued an "overweight" rating on shares of NextEra Energy in a report on Thursday, August 21st. HSBC lowered their price target on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a report on Friday, July 11th. Melius started coverage on shares of NextEra Energy in a report on Wednesday, August 20th. They issued a "buy" rating and a $77.00 price target on the stock. UBS Group lowered their price target on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. Finally, BMO Capital Markets increased their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, NextEra Energy has a consensus rating of "Moderate Buy" and an average price target of $84.00.

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.