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

Jones Financial Companies Lllp raised its holdings in NextEra Energy, Inc. (NYSE:NEE) by 7.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 849,352 shares of the utilities provider’s stock after acquiring an additional 57,711 shares during the quarter. Jones Financial Companies Lllp’s holdings in NextEra Energy were worth $64,373,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of NextEra Energy by 2.7% during the second quarter. Vanguard Group Inc. now owns 212,877,021 shares of the utilities provider’s stock worth $14,777,923,000 after acquiring an additional 5,554,603 shares during the period. Geode Capital Management LLC grew its stake in NextEra Energy by 1.2% in the second quarter. Geode Capital Management LLC now owns 45,724,229 shares of the utilities provider’s stock worth $3,161,774,000 after purchasing an additional 526,996 shares in the last quarter. Norges Bank purchased a new position in NextEra Energy during the 2nd quarter worth $2,375,545,000. Charles Schwab Investment Management Inc. increased its holdings in NextEra Energy by 2.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 16,786,728 shares of the utilities provider’s stock worth $1,165,896,000 after purchasing an additional 340,315 shares during the period. Finally, Legal & General Group Plc raised its position in NextEra Energy by 2.6% during the 2nd quarter. Legal & General Group Plc now owns 16,414,103 shares of the utilities provider’s stock valued at $1,139,467,000 after purchasing an additional 408,198 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Performance

Shares of NEE stock opened at $86.51 on Tuesday. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $89.19. The business’s fifty day simple moving average is $82.57 and its 200-day simple moving average is $79.16. The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. The company has a market cap of $180.16 billion, a PE ratio of 26.29, a PEG ratio of 2.72 and a beta of 0.75.

NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The firm had revenue of $6.56 billion for the quarter, compared to the consensus estimate of $7.07 billion. During the same period in the previous year, the business earned $0.53 EPS. The firm’s revenue for the quarter was up 20.7% on a year-over-year basis. Analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

Insider Transactions at NextEra Energy

In related news, CEO Armando Pimentel, Jr. sold 145,140 shares of NextEra Energy stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $83.91, for a total value of $12,178,697.40. Following the completion of the sale, the chief executive officer directly owned 162,693 shares in the company, valued at $13,651,569.63. This trade represents a 47.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Ronald R. Reagan sold 10,826 shares of the company’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $85.00, for a total transaction of $920,210.00. Following the transaction, the executive vice president owned 15,643 shares in the company, valued at $1,329,655. The trade was a 40.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.18% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on NEE. Jefferies Financial Group set a $87.00 price target on NextEra Energy in a research report on Wednesday, January 14th. Barclays boosted their price target on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “equal weight” rating in a report on Thursday, January 15th. UBS Group set a $91.00 price target on shares of NextEra Energy and gave the stock a “buy” rating in a research report on Wednesday, December 17th. HSBC lifted their price objective on shares of NextEra Energy from $94.00 to $95.00 in a report on Monday, November 10th. Finally, TD Cowen initiated coverage on NextEra Energy in a report on Thursday, October 16th. They set a “buy” rating and a $98.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $92.95.

NextEra Energy Company Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.