Jones Financial Companies Lllp Purchases 158,037 Shares of NextEra Energy, Inc. $NEE

Jones Financial Companies Lllp boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 30.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 675,963 shares of the utilities provider’s stock after acquiring an additional 158,037 shares during the period. Jones Financial Companies Lllp’s holdings in NextEra Energy were worth $47,682,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of NEE. 1 North Wealth Services LLC bought a new stake in shares of NextEra Energy during the first quarter valued at about $26,000. IMA Advisory Services Inc. bought a new stake in shares of NextEra Energy during the first quarter valued at about $35,000. Copia Wealth Management bought a new stake in shares of NextEra Energy during the fourth quarter valued at about $36,000. Semmax Financial Advisors Inc. increased its position in shares of NextEra Energy by 335.0% during the first quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider’s stock valued at $36,000 after buying an additional 392 shares during the period. Finally, CBIZ Investment Advisory Services LLC increased its position in shares of NextEra Energy by 237.7% during the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider’s stock valued at $37,000 after buying an additional 366 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NEE shares. BMO Capital Markets upped their price target on NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Melius Research raised NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. Mizuho set a $78.00 price objective on NextEra Energy in a report on Thursday, August 21st. Barclays boosted their price objective on NextEra Energy from $65.00 to $67.00 and gave the stock an “equal weight” rating in a report on Thursday, July 10th. Finally, UBS Group cut their price objective on NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a report on Friday, May 23rd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average target price of $84.00.

Insider Activity

In other news, EVP Michael Dunne sold 10,000 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $70.79, for a total transaction of $707,900.00. Following the completion of the sale, the executive vice president owned 62,064 shares of the company’s stock, valued at approximately $4,393,510.56. This represents a 13.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $538,800.00. Following the sale, the executive vice president directly owned 26,539 shares of the company’s stock, valued at approximately $1,906,561.76. This trade represents a 22.03% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,677 shares of company stock valued at $1,415,418. 0.20% of the stock is currently owned by company insiders.

NextEra Energy Stock Up 0.5%

Shares of NEE opened at $71.66 on Monday. The firm has a market cap of $147.57 billion, a P/E ratio of 25.06, a P/E/G ratio of 2.47 and a beta of 0.65. The stock has a 50 day simple moving average of $73.10 and a two-hundred day simple moving average of $71.07. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. The firm had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.96 earnings per share. On average, analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be paid a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Thursday, August 28th. NextEra Energy’s dividend payout ratio is 79.02%.

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.