NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Jag Capital Management LLC

Jag Capital Management LLC trimmed its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 95.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,397 shares of the utilities provider's stock after selling 112,060 shares during the period. Jag Capital Management LLC's holdings in NextEra Energy were worth $387,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Howard Capital Management Group LLC increased its holdings in NextEra Energy by 1.8% during the 3rd quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider's stock worth $25,293,000 after purchasing an additional 5,409 shares during the period. Angeles Wealth Management LLC raised its holdings in NextEra Energy by 9.2% in the third quarter. Angeles Wealth Management LLC now owns 3,641 shares of the utilities provider's stock valued at $308,000 after acquiring an additional 308 shares in the last quarter. Forum Financial Management LP lifted its stake in NextEra Energy by 3.3% in the third quarter. Forum Financial Management LP now owns 6,792 shares of the utilities provider's stock worth $574,000 after acquiring an additional 218 shares during the last quarter. Donaldson Capital Management LLC grew its holdings in NextEra Energy by 1.1% during the 3rd quarter. Donaldson Capital Management LLC now owns 685,721 shares of the utilities provider's stock worth $57,964,000 after acquiring an additional 7,164 shares in the last quarter. Finally, Ground Swell Capital LLC acquired a new position in NextEra Energy during the 3rd quarter worth approximately $220,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. BMO Capital Markets increased their target price on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Evercore ISI cut their target price on NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a research report on Monday, January 27th. Scotiabank boosted their target price on NextEra Energy from $92.00 to $96.00 and gave the stock a "sector outperform" rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. reduced their price objective on shares of NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Finally, Jefferies Financial Group dropped their price target on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, NextEra Energy presently has an average rating of "Hold" and an average price target of $85.85.

Insider Buying and Selling

In other news, CAO James Michael May sold 2,383 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following the completion of the sale, the chief accounting officer now owns 27,427 shares in the company, valued at approximately $1,867,504.43. This trade represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.18% of the company's stock.

NextEra Energy Price Performance

NYSE:NEE traded down $0.35 during mid-day trading on Wednesday, hitting $70.51. 7,605,500 shares of the company's stock traded hands, compared to its average volume of 11,359,346. The firm's 50 day simple moving average is $70.38 and its 200 day simple moving average is $76.20. The company has a market cap of $145.03 billion, a PE ratio of 20.92, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 1 year low of $55.26 and a 1 year high of $86.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting analysts' consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Sell-side analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a $0.5665 dividend. This is a positive change from NextEra Energy's previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend is Friday, February 28th. NextEra Energy's payout ratio is currently 67.06%.

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.