Jump Financial LLC Grows Position in NextEra Energy, Inc. (NYSE:NEE)

Jump Financial LLC lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 105.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,384 shares of the utilities provider’s stock after buying an additional 6,369 shares during the period. Jump Financial LLC’s holdings in NextEra Energy were worth $908,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Hillsdale Investment Management Inc. purchased a new stake in shares of NextEra Energy during the second quarter valued at $32,000. Pinz Capital Management LP bought a new position in NextEra Energy in the first quarter valued at about $37,000. SRS Capital Advisors Inc. bought a new position in NextEra Energy in the second quarter valued at about $39,000. Disciplined Investments LLC lifted its holdings in NextEra Energy by 35.0% in the second quarter. Disciplined Investments LLC now owns 540 shares of the utilities provider’s stock valued at $40,000 after acquiring an additional 140 shares during the period. Finally, Close Asset Management Ltd lifted its holdings in NextEra Energy by 90.0% in the second quarter. Close Asset Management Ltd now owns 570 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 270 shares during the period. 74.67% of the stock is currently owned by institutional investors.

A number of research firms have weighed in on NEE. Morgan Stanley lowered their target price on NextEra Energy from $80.00 to $79.00 and set an “equal weight” rating on the stock in a report on Friday, September 17th. Credit Suisse Group began coverage on NextEra Energy in a report on Wednesday, July 14th. They issued an “outperform” rating and a $85.00 target price on the stock. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, NextEra Energy presently has an average rating of “Buy” and an average target price of $85.25.

NYSE NEE opened at $80.19 on Thursday. The stock’s 50-day moving average price is $82.50 and its 200-day moving average price is $77.91. The company has a quick ratio of 0.38, a current ratio of 0.48 and a debt-to-equity ratio of 1.05. NextEra Energy, Inc. has a 52 week low of $68.33 and a 52 week high of $87.69. The company has a market capitalization of $157.29 billion, a P/E ratio of 50.28, a price-to-earnings-growth ratio of 4.05 and a beta of 0.19.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Thursday, July 22nd. The utilities provider reported $0.71 EPS for the quarter, topping the consensus estimate of $0.70 by $0.01. NextEra Energy had a return on equity of 10.84% and a net margin of 18.69%. The firm had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $4.91 billion. During the same quarter last year, the company earned $2.61 earnings per share. The business’s revenue for the quarter was down 6.6% compared to the same quarter last year. Research analysts anticipate that NextEra Energy, Inc. will post 2.52 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 15th. Stockholders of record on Friday, August 27th were paid a $0.385 dividend. This represents a $1.54 annualized dividend and a dividend yield of 1.92%. The ex-dividend date was Thursday, August 26th. NextEra Energy’s dividend payout ratio (DPR) is currently 66.67%.

In other NextEra Energy news, CEO John W. Ketchum sold 12,151 shares of the firm’s stock in a transaction that occurred on Wednesday, September 15th. The stock was sold at an average price of $84.33, for a total transaction of $1,024,693.83. Following the completion of the transaction, the chief executive officer now owns 84,895 shares in the company, valued at approximately $7,159,195.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ronald R. Reagan sold 4,166 shares of the firm’s stock in a transaction that occurred on Monday, August 16th. The shares were sold at an average price of $84.00, for a total value of $349,944.00. Following the transaction, the executive vice president now owns 28,043 shares of the company’s stock, valued at approximately $2,355,612. The disclosure for this sale can be found here. 0.38% of the stock is owned by company insiders.

NextEra Energy Profile

NextEra Energy, Inc is an electric power and energy infrastructure company. It operates through the following segments: FPL & NEER. The FPL segment engages primarily in the generation, transmission, distribution and sale of electric energy in Florida. The NEER segment produces electricity from clean and renewable sources, including wind and solar.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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