Jackson Wealth Management LLC Purchases 48,786 Shares of NextEra Energy, Inc. (NYSE:NEE)

Jackson Wealth Management LLC grew its position in NextEra Energy, Inc. (NYSE:NEE) by 79.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 110,534 shares of the utilities provider’s stock after acquiring an additional 48,786 shares during the period. NextEra Energy accounts for 1.1% of Jackson Wealth Management LLC’s portfolio, making the stock its 20th largest holding. Jackson Wealth Management LLC’s holdings in NextEra Energy were worth $9,343,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Brookstone Capital Management grew its holdings in NextEra Energy by 19.8% during the 1st quarter. Brookstone Capital Management now owns 71,152 shares of the utilities provider’s stock worth $4,547,000 after acquiring an additional 11,777 shares during the period. Sovereign Financial Group Inc. grew its holdings in NextEra Energy by 8.4% during the 1st quarter. Sovereign Financial Group Inc. now owns 9,548 shares of the utilities provider’s stock worth $610,000 after acquiring an additional 741 shares during the period. Aspiriant LLC grew its holdings in NextEra Energy by 7.9% during the 1st quarter. Aspiriant LLC now owns 8,539 shares of the utilities provider’s stock worth $546,000 after acquiring an additional 623 shares during the period. Revolve Wealth Partners LLC grew its holdings in NextEra Energy by 16.9% during the 1st quarter. Revolve Wealth Partners LLC now owns 4,431 shares of the utilities provider’s stock worth $283,000 after acquiring an additional 640 shares during the period. Finally, DGS Capital Management LLC acquired a new stake in NextEra Energy during the 1st quarter worth $213,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Activity at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the transaction, the executive vice president now owns 100 shares in the company, valued at approximately $7,697. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is owned by company insiders.

NextEra Energy Stock Down 0.6 %

NEE traded down $0.55 during trading on Thursday, hitting $84.41. The company had a trading volume of 1,643,857 shares, compared to its average volume of 10,714,527. The company has a market capitalization of $173.42 billion, a PE ratio of 23.15, a PEG ratio of 2.92 and a beta of 0.56. NextEra Energy, Inc. has a one year low of $53.81 and a one year high of $86.10. The firm’s 50-day moving average price is $82.19 and its 200 day moving average price is $75.96. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.98 by $0.05. The business had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.94 EPS. As a group, equities analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be paid a $0.515 dividend. The ex-dividend date is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a yield of 2.44%. NextEra Energy’s dividend payout ratio (DPR) is currently 56.13%.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of analyst reports. Barclays lifted their target price on shares of NextEra Energy from $76.00 to $80.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 1st. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday. Citigroup boosted their price target on shares of NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, June 27th. Wells Fargo & Company boosted their price target on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a report on Tuesday, September 3rd. Finally, BMO Capital Markets boosted their price target on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $85.46.

NextEra Energy Profile

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.