Jump Financial LLC Decreases Stock Position in NextEra Energy, Inc. $NEE

Key Points

• Jump Financial LLC has reduced its stake in NextEra Energy by 44.3%, selling 44,993 shares and now holding 56,503 shares valued at approximately $4 million.
• Several other hedge funds have adjusted their positions in NextEra Energy, with a notable increase of 42,637.5% by Caitlin John LLC, indicating shifting investor interest in the company.
• The company reported earnings of $1.05 per share, surpassing estimates, while revealing a revenue of $6.70 billion, which was below analyst predictions of $7.52 billion.

Jump Financial LLC lowered its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 44.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 56,503 shares of the utilities provider's stock after selling 44,993 shares during the quarter. Jump Financial LLC's holdings in NextEra Energy were worth $4,005,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bellwether Advisors LLC acquired a new position in shares of NextEra Energy during the 4th quarter worth $30,000. IMA Advisory Services Inc. acquired a new position in shares of NextEra Energy during the 1st quarter worth $35,000. Copia Wealth Management purchased a new position in shares of NextEra Energy during the 4th quarter worth approximately $36,000. CBIZ Investment Advisory Services LLC increased its stake in shares of NextEra Energy by 237.7% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock worth $37,000 after purchasing an additional 366 shares in the last quarter. Finally, Hughes Financial Services LLC purchased a new position in shares of NextEra Energy during the 1st quarter worth approximately $40,000. Institutional investors and hedge funds own 78.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. UBS Group cut their target price on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research note on Friday, May 23rd. BMO Capital Markets boosted their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Barclays boosted their target price on shares of NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. Melius Research raised shares of NextEra Energy to a "strong-buy" rating in a research note on Wednesday, August 20th. Finally, Mizuho set a $78.00 target price 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 assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, NextEra Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.00.

Insider Buying and Selling

In other NextEra Energy news, Treasurer James Michael May sold 2,177 shares of the company's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the transaction, the treasurer owned 27,662 shares in the company, valued at $2,143,805. This represents a 7.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert Coffey sold 7,500 shares of the company's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $71.84, for a total value of $538,800.00. Following the completion of the transaction, the executive vice president owned 26,539 shares of the company's stock, valued at approximately $1,906,561.76. This represents a 22.03% decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is owned by corporate insiders.

NextEra Energy Trading Down 0.1%

Shares of NYSE:NEE traded down $0.06 during trading on Friday, reaching $72.03. 11,278,715 shares of the stock were exchanged, compared to its average volume of 11,813,144. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The firm has a market cap of $148.34 billion, a price-to-earnings ratio of 25.19, a price-to-earnings-growth ratio of 2.54 and a beta of 0.63. The firm's 50-day moving average price is $73.20 and its 200 day moving average price is $70.93.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results 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. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The business had revenue of $6.70 billion during the quarter, compared to analysts' expectations of $7.52 billion. During the same quarter in the previous year, the business earned $0.96 EPS. The company's revenue for the quarter was up 10.4% on a year-over-year basis. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be issued a dividend of $0.5665 per share. The ex-dividend date is Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.1%. NextEra Energy's payout ratio is presently 79.37%.

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.