Jones Financial Companies Lllp Increases Holdings in NextEra Energy, Inc. $NEE

Jones Financial Companies Lllp increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 7.3% in the third quarter, HoldingsChannel reports. The firm 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.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC increased its stake in shares of NextEra Energy by 7.0% in the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock worth $2,028,000 after acquiring an additional 1,840 shares during the period. Revolve Wealth Partners LLC lifted its position in NextEra Energy by 6.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after purchasing an additional 298 shares during the period. Acadian Asset Management LLC boosted its holdings in NextEra Energy by 38.4% in the first quarter. Acadian Asset Management LLC now owns 12,542 shares of the utilities provider’s stock valued at $887,000 after purchasing an additional 3,479 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in NextEra Energy by 18.1% in the second quarter. Sivia Capital Partners LLC now owns 5,563 shares of the utilities provider’s stock valued at $386,000 after purchasing an additional 852 shares during the last quarter. Finally, OLD National Bancorp IN acquired a new stake in NextEra Energy during the 2nd quarter worth about $382,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Down 1.6%

NextEra Energy stock opened at $86.51 on Tuesday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.60 and a quick ratio of 0.49. The stock has a market capitalization of $180.16 billion, a PE ratio of 26.29, a price-to-earnings-growth ratio of 2.72 and a beta of 0.75. The business has a 50 day simple moving average of $82.57 and a 200-day simple moving average of $79.16. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $89.19.

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on NEE shares. Mizuho set a $90.00 price objective on NextEra Energy and gave the company a “neutral” rating in a report on Wednesday, January 28th. UBS Group set a $91.00 price target on NextEra Energy and gave the company a “buy” rating in a report on Wednesday, December 17th. Morgan Stanley restated an “overweight” rating and issued a $104.00 price objective on shares of NextEra Energy in a research report on Wednesday, January 21st. Wells Fargo & Company lifted their target price on shares of NextEra Energy from $97.00 to $98.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Finally, BTIG Research reiterated a “buy” rating and issued a $103.00 target price on shares of NextEra Energy in a research note on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.95.

Insider Activity

In related news, CEO Armando Pimentel, Jr. sold 145,140 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 162,693 shares of the company’s stock, valued at approximately $13,651,569.63. This trade represents a 47.15% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Ronald R. Reagan sold 10,826 shares of the business’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $85.00, for a total value of $920,210.00. Following the sale, the executive vice president owned 15,643 shares of the company’s stock, valued at approximately $1,329,655. This trade represents a 40.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.18% of the stock is owned by company insiders.

About NextEra Energy

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.