Jacobsen Capital Management Acquires 1,062 Shares of NextEra Energy, Inc. $NEE

Jacobsen Capital Management lifted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 26.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,005 shares of the utilities provider’s stock after purchasing an additional 1,062 shares during the period. Jacobsen Capital Management’s holdings in NextEra Energy were worth $347,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. D.A. Davidson & CO. raised its holdings in NextEra Energy by 66.8% during the second quarter. D.A. Davidson & CO. now owns 1,009,785 shares of the utilities provider’s stock valued at $70,099,000 after buying an additional 404,290 shares in the last quarter. Argonautica Private Wealth Management Inc. acquired a new position in shares of NextEra Energy during the 2nd quarter valued at about $3,401,000. St. Johns Investment Management Company LLC increased its holdings in shares of NextEra Energy by 5.8% during the 2nd quarter. St. Johns Investment Management Company LLC now owns 12,665 shares of the utilities provider’s stock valued at $879,000 after acquiring an additional 699 shares during the last quarter. Fiduciary Family Office LLC raised its stake in shares of NextEra Energy by 8.1% in the 2nd quarter. Fiduciary Family Office LLC now owns 11,701 shares of the utilities provider’s stock valued at $812,000 after acquiring an additional 874 shares in the last quarter. Finally, Fingerlakes Wealth Management Inc. lifted its holdings in NextEra Energy by 0.9% in the 2nd quarter. Fingerlakes Wealth Management Inc. now owns 16,091 shares of the utilities provider’s stock worth $1,117,000 after purchasing an additional 150 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on NEE shares. Mizuho set a $78.00 target price on NextEra Energy in a research report on Thursday, August 21st. Evercore ISI set a $92.00 price objective on shares of NextEra Energy and gave the stock an “outperform” rating in a research note on Monday, October 6th. Jefferies Financial Group reaffirmed a “hold” rating and set a $85.00 price objective (up from $77.00) on shares of NextEra Energy in a report on Tuesday, October 14th. BTIG Research set a $98.00 target price on shares of NextEra Energy and gave the stock a “buy” rating in a report on Tuesday. Finally, Barclays set a $87.00 target price on shares of NextEra Energy and gave the stock an “equal weight” rating in a research report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $88.38.

NextEra Energy Price Performance

NYSE:NEE opened at $83.97 on Wednesday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.74. The company has a fifty day moving average price of $76.03 and a 200 day moving average price of $72.44. The stock has a market cap of $172.92 billion, a P/E ratio of 29.36, a PEG ratio of 2.87 and a beta of 0.66.

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

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were paid a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 2.7%. The ex-dividend date was Thursday, August 28th. NextEra Energy’s payout ratio is currently 79.37%.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 11,336 shares of the company’s stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the transaction, the executive vice president owned 167,481 shares of the company’s stock, valued at $13,398,480. This represents a 6.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Michael Dunne sold 10,000 shares of NextEra Energy stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $70.79, for a total value of $707,900.00. Following the sale, the executive vice president directly owned 62,064 shares in the company, valued at $4,393,510.56. The trade was a 13.88% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,528 shares of company stock valued at $2,277,773. 0.18% of the stock is currently owned by insiders.

NextEra Energy 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.