JGP Wealth Management LLC Acquires 2,343 Shares of NextEra Energy, Inc. (NYSE:NEE)

JGP Wealth Management LLC boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 1.3% during the fourth quarter, HoldingsChannel reports. The fund owned 177,939 shares of the utilities provider’s stock after buying an additional 2,343 shares during the quarter. NextEra Energy comprises 1.6% of JGP Wealth Management LLC’s holdings, making the stock its 19th biggest position. JGP Wealth Management LLC’s holdings in NextEra Energy were worth $12,756,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NEE. Geode Capital Management LLC increased its position in shares of NextEra Energy by 2.0% during the third quarter. Geode Capital Management LLC now owns 42,418,748 shares of the utilities provider’s stock valued at $3,571,650,000 after buying an additional 820,704 shares during the period. Legal & General Group Plc boosted its stake in NextEra Energy by 0.7% in the second quarter. Legal & General Group Plc now owns 21,298,642 shares of the utilities provider’s stock worth $1,508,155,000 after buying an additional 143,748 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in NextEra Energy by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 13,284,785 shares of the utilities provider’s stock worth $1,122,963,000 after buying an additional 86,758 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of NextEra Energy by 20.9% during the fourth quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock valued at $634,703,000 after purchasing an additional 1,525,436 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of NextEra Energy by 5.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,630,775 shares of the utilities provider’s stock valued at $729,559,000 after purchasing an additional 452,590 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the sale, the executive vice president now owns 15,792 shares in the company, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.18% of the company’s stock.

NextEra Energy Trading Up 3.0 %

NEE opened at $71.39 on Friday. The firm has a market cap of $146.81 billion, a price-to-earnings ratio of 21.12, a PEG ratio of 2.26 and a beta of 0.58. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The stock has a fifty day moving average price of $73.68 and a 200-day moving average price of $77.20.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The company had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same period in the prior year, the company posted $0.94 EPS. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, equities research analysts anticipate that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on NEE shares. Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Scotiabank raised their target price on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. BMO Capital Markets raised their price objective on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Jefferies Financial Group began coverage on NextEra Energy in a research note on Thursday, September 19th. They set a “hold” rating and a $87.00 target price on the stock. Finally, Barclays lifted their target price on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $87.15.

NextEra Energy Company 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.