JGP Wealth Management LLC Purchases 2,343 Shares of NextEra Energy, Inc. (NYSE:NEE)

JGP Wealth Management LLC increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 177,939 shares of the utilities provider’s stock after acquiring an additional 2,343 shares during the quarter. NextEra Energy comprises approximately 1.6% of JGP Wealth Management LLC’s investment portfolio, making the stock its 19th biggest holding. JGP Wealth Management LLC’s holdings in NextEra Energy were worth $12,756,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nordea Investment Management AB boosted its stake in NextEra Energy by 20.9% during the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock worth $634,703,000 after acquiring an additional 1,525,436 shares during the last quarter. Border to Coast Pensions Partnership Ltd lifted its stake in NextEra Energy by 2.2% in the third quarter. Border to Coast Pensions Partnership Ltd now owns 1,216,077 shares of the utilities provider’s stock valued at $102,495,000 after buying an additional 26,270 shares in the last quarter. Swiss National Bank lifted its stake in NextEra Energy by 0.4% in the third quarter. Swiss National Bank now owns 6,098,200 shares of the utilities provider’s stock valued at $515,481,000 after buying an additional 21,400 shares in the last quarter. Czech National Bank lifted its stake in NextEra Energy by 6.5% in the fourth quarter. Czech National Bank now owns 445,870 shares of the utilities provider’s stock valued at $31,964,000 after buying an additional 27,340 shares in the last quarter. Finally, ST Germain D J Co. Inc. lifted its stake in NextEra Energy by 5.8% in the fourth quarter. ST Germain D J Co. Inc. now owns 171,735 shares of the utilities provider’s stock valued at $12,312,000 after buying an additional 9,425 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Jefferies Financial Group initiated coverage on shares of NextEra Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $87.00 price target on the stock. Barclays upped their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Morgan Stanley dropped their price target on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. Dbs Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Finally, Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $87.15.

Insider Activity

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the transaction, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at $1,193,401.44. The trade was a 20.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is currently owned by company insiders.

NextEra Energy Stock Up 3.0 %

Shares of NYSE NEE opened at $71.39 on Friday. The company has a 50 day simple moving average of $73.68 and a 200 day simple moving average of $77.20. The firm has a market cap of $146.81 billion, a PE ratio of 21.12, a price-to-earnings-growth ratio of 2.26 and a beta of 0.58. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (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%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.94 EPS. On average, research analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current year.

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.