NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Jackson Square Capital LLC

Jackson Square Capital LLC boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 24.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 82,857 shares of the utilities provider’s stock after buying an additional 16,297 shares during the period. NextEra Energy accounts for 1.7% of Jackson Square Capital LLC’s investment portfolio, making the stock its 13th largest position. Jackson Square Capital LLC’s holdings in NextEra Energy were worth $7,004,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of NEE. Larson Financial Group LLC boosted its stake in NextEra Energy by 34.1% during the first quarter. Larson Financial Group LLC now owns 1,330 shares of the utilities provider’s stock valued at $85,000 after buying an additional 338 shares in the last quarter. SPC Financial Inc. boosted its stake in NextEra Energy by 16.7% during the first quarter. SPC Financial Inc. now owns 7,243 shares of the utilities provider’s stock valued at $463,000 after buying an additional 1,036 shares in the last quarter. Advisory Alpha LLC boosted its stake in NextEra Energy by 13.4% during the first quarter. Advisory Alpha LLC now owns 12,709 shares of the utilities provider’s stock valued at $812,000 after buying an additional 1,506 shares in the last quarter. Manchester Capital Management LLC boosted its stake in NextEra Energy by 4.7% during the first quarter. Manchester Capital Management LLC now owns 9,093 shares of the utilities provider’s stock valued at $581,000 after buying an additional 407 shares in the last quarter. Finally, OLD Second National Bank of Aurora boosted its position in shares of NextEra Energy by 832.1% in the 1st quarter. OLD Second National Bank of Aurora now owns 40,509 shares of the utilities provider’s stock valued at $2,589,000 after purchasing an additional 36,163 shares during the period. Institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Royal Bank of Canada lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Scotiabank increased their price target on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. BMO Capital Markets increased their price target on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Finally, Wells Fargo & Company increased their price target on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, NextEra Energy has a consensus rating of “Hold” and an average target price of $86.54.

NextEra Energy Stock Down 5.3 %

Shares of NEE stock opened at $74.52 on Thursday. The stock’s 50 day simple moving average is $82.22 and its 200 day simple moving average is $77.05. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. NextEra Energy, Inc. has a twelve month low of $53.81 and a twelve month high of $86.10. The company has a market capitalization of $153.24 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 2.83 and a beta of 0.57.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.98 by $0.05. The company had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.94 EPS. As a group, research analysts predict that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s dividend payout ratio is presently 60.95%.

About NextEra Energy

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.