Jacobi Capital Management LLC Has $3.21 Million Stock Position in NextEra Energy, Inc. $NEE

Jacobi Capital Management LLC raised its position in NextEra Energy, Inc. (NYSE:NEE) by 4.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,298 shares of the utilities provider’s stock after acquiring an additional 1,886 shares during the period. Jacobi Capital Management LLC’s holdings in NextEra Energy were worth $3,211,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Somerset Trust Co raised its holdings in shares of NextEra Energy by 5.2% in the 1st quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider’s stock worth $6,359,000 after buying an additional 4,445 shares in the last quarter. Elyxium Wealth LLC acquired a new position in shares of NextEra Energy in the 1st quarter worth approximately $783,000. Viking Fund Management LLC raised its holdings in shares of NextEra Energy by 67.8% in the 1st quarter. Viking Fund Management LLC now owns 495,000 shares of the utilities provider’s stock worth $35,091,000 after buying an additional 200,000 shares in the last quarter. Trust Co. of Vermont raised its holdings in shares of NextEra Energy by 2.2% in the 1st quarter. Trust Co. of Vermont now owns 385,592 shares of the utilities provider’s stock worth $27,335,000 after buying an additional 8,472 shares in the last quarter. Finally, Tema Etfs LLC raised its holdings in shares of NextEra Energy by 835.9% in the 1st quarter. Tema Etfs LLC now owns 50,839 shares of the utilities provider’s stock worth $3,604,000 after buying an additional 45,407 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Price Performance

NextEra Energy stock opened at $71.04 on Thursday. The business’s 50-day simple moving average is $73.18 and its 200 day simple moving average is $71.05. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. The stock has a market cap of $146.30 billion, a price-to-earnings ratio of 24.84, a P/E/G ratio of 2.41 and a beta of 0.65. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.04. The firm had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.96 EPS. As a group, research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Thursday, August 28th. NextEra Energy’s payout ratio is currently 79.37%.

Insiders Place Their Bets

In related news, EVP Robert Coffey sold 7,500 shares of NextEra Energy stock in a transaction on Monday, July 28th. The stock was sold at an average price of $71.84, for a total transaction of $538,800.00. Following the completion of the sale, the executive vice president directly owned 26,539 shares of the company’s stock, valued at $1,906,561.76. The trade was a 22.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Treasurer James Michael May sold 2,177 shares of the company’s stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the sale, the treasurer owned 27,662 shares of the company’s stock, valued at $2,143,805. This represents a 7.30% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,677 shares of company stock valued at $1,415,418. Company insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on NEE shares. JPMorgan Chase & Co. increased their target price on NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, August 22nd. Melius Research raised NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. BMO Capital Markets increased their target price on NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Mizuho set a $78.00 target price on NextEra Energy in a report on Thursday, August 21st. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of NextEra Energy in a report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $84.00.

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.