Jmac Enterprises LLC Buys 1,064 Shares of NextEra Energy, Inc. (NYSE:NEE)

Jmac Enterprises LLC lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 17.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,002 shares of the utilities provider’s stock after purchasing an additional 1,064 shares during the period. Jmac Enterprises LLC’s holdings in NextEra Energy were worth $502,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in NEE. Great Lakes Retirement Inc. increased its holdings in NextEra Energy by 2.1% during the fourth quarter. Great Lakes Retirement Inc. now owns 11,063 shares of the utilities provider’s stock worth $793,000 after buying an additional 230 shares during the last quarter. Kentucky Trust Co bought a new position in shares of NextEra Energy in the 4th quarter valued at about $901,000. Gladstone Institutional Advisory LLC increased its stake in shares of NextEra Energy by 6.4% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 49,484 shares of the utilities provider’s stock worth $3,547,000 after purchasing an additional 2,998 shares during the last quarter. Certuity LLC raised its holdings in shares of NextEra Energy by 2.8% in the 4th quarter. Certuity LLC now owns 8,429 shares of the utilities provider’s stock valued at $604,000 after purchasing an additional 229 shares during the period. Finally, Indiana Trust & Investment Management Co raised its holdings in shares of NextEra Energy by 31.1% in the 4th quarter. Indiana Trust & Investment Management Co now owns 14,560 shares of the utilities provider’s stock valued at $1,044,000 after purchasing an additional 3,453 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Trading Up 0.9 %

Shares of NEE stock opened at $70.36 on Wednesday. The stock has a 50 day simple moving average of $71.52 and a 200 day simple moving average of $77.00. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The stock has a market cap of $144.69 billion, a P/E ratio of 20.88, a price-to-earnings-growth ratio of 2.42 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last released its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. On average, research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on NEE shares. Scotiabank boosted their price target on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Morgan Stanley increased their price target on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Guggenheim lifted their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. decreased their price objective on shares of NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. Finally, Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $85.85.

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.