Jump Financial LLC Boosts Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Jump Financial LLC grew its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 114.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 101,496 shares of the utilities provider's stock after buying an additional 54,091 shares during the period. Jump Financial LLC's holdings in NextEra Energy were worth $7,276,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Accel Wealth Management boosted its position in NextEra Energy by 1.7% during the 4th quarter. Accel Wealth Management now owns 8,615 shares of the utilities provider's stock valued at $618,000 after purchasing an additional 145 shares during the period. L.M. Kohn & Company raised its holdings in shares of NextEra Energy by 1.0% in the 4th quarter. L.M. Kohn & Company now owns 15,353 shares of the utilities provider's stock worth $1,101,000 after purchasing an additional 145 shares in the last quarter. 1ST Source Bank lifted its stake in NextEra Energy by 0.4% during the third quarter. 1ST Source Bank now owns 34,178 shares of the utilities provider's stock valued at $2,889,000 after purchasing an additional 147 shares during the last quarter. Tortoise Investment Management LLC boosted its holdings in NextEra Energy by 8.3% during the fourth quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider's stock worth $139,000 after buying an additional 149 shares in the last quarter. Finally, Baker Ellis Asset Management LLC increased its holdings in shares of NextEra Energy by 1.3% in the fourth quarter. Baker Ellis Asset Management LLC now owns 11,666 shares of the utilities provider's stock valued at $836,000 after buying an additional 150 shares in the last quarter. Institutional investors own 78.72% of the company's stock.

Analysts Set New Price Targets

NEE has been the topic of a number of recent research reports. Evercore ISI decreased their target price on NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a report on Monday, January 27th. Morgan Stanley reduced their price objective on shares of NextEra Energy from $97.00 to $94.00 and set an "overweight" rating for the company in a research note on Wednesday. Guggenheim restated a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. Jefferies Financial Group dropped their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Finally, BMO Capital Markets reduced their price target on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a report on Monday. Eight equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.15.

NextEra Energy Price Performance

NYSE:NEE traded up $0.65 during trading hours on Friday, hitting $66.29. The company's stock had a trading volume of 11,210,902 shares, compared to its average volume of 10,804,052. The company has a market capitalization of $136.47 billion, a P/E ratio of 19.67, a PEG ratio of 2.45 and a beta of 0.58. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The stock has a fifty day simple moving average of $69.63 and a 200-day simple moving average of $73.30.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) 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%. On average, analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were paid a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date was Friday, February 28th. This is a positive change from NextEra Energy's previous quarterly dividend of $0.52. NextEra Energy's payout ratio is 67.06%.

Insiders Place Their Bets

In related news, CAO James Michael May sold 2,383 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the transaction, the chief accounting officer now directly owns 27,427 shares of the company's stock, valued at $1,867,504.43. This trade represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.18% of the company's stock.

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.