Jmac Enterprises LLC Grows Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Jmac Enterprises LLC boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 83.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,938 shares of the utilities provider’s stock after purchasing an additional 2,703 shares during the quarter. Jmac Enterprises LLC’s holdings in NextEra Energy were worth $502,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Tandem Capital Management Corp ADV increased its holdings in NextEra Energy by 1.3% in the 3rd quarter. Tandem Capital Management Corp ADV now owns 9,935 shares of the utilities provider’s stock valued at $840,000 after acquiring an additional 125 shares during the last quarter. Taylor & Morgan Wealth Management LLC boosted its stake in NextEra Energy by 1.7% during the third quarter. Taylor & Morgan Wealth Management LLC now owns 7,744 shares of the utilities provider’s stock valued at $655,000 after buying an additional 126 shares during the last quarter. Insight Folios Inc grew its holdings in NextEra Energy by 1.5% during the 3rd quarter. Insight Folios Inc now owns 8,439 shares of the utilities provider’s stock valued at $713,000 after buying an additional 126 shares in the last quarter. Osborne Partners Capital Management LLC increased its stake in NextEra Energy by 1.2% in the 3rd quarter. Osborne Partners Capital Management LLC now owns 10,724 shares of the utilities provider’s stock worth $906,000 after acquiring an additional 128 shares during the last quarter. Finally, Boston Trust Walden Corp raised its holdings in shares of NextEra Energy by 0.4% during the 3rd quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider’s stock worth $2,597,000 after acquiring an additional 130 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Price Performance

Shares of NEE stock opened at $73.90 on Thursday. The company has a market cap of $151.97 billion, a P/E ratio of 22.05, a PEG ratio of 2.83 and a beta of 0.57. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. The stock’s 50-day moving average is $82.22 and its 200 day moving average is $77.05. NextEra Energy, Inc. has a 1-year low of $53.81 and a 1-year high of $86.10.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.98 by $0.05. The firm had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. NextEra Energy’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.94 EPS. Research analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be paid a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.79%. NextEra Energy’s dividend payout ratio (DPR) is 60.95%.

Wall Street Analysts Forecast Growth

Several research firms have commented on NEE. Bank of America increased their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Dbs Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. JPMorgan Chase & Co. increased their price objective on shares of NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Barclays boosted their target price on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Finally, Scotiabank increased their price target on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $86.54.

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.