Jmac Enterprises LLC Has $502,000 Position in NextEra Energy, Inc. (NYSE:NEE)

Jmac Enterprises LLC grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 17.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,002 shares of the utilities provider’s stock after buying an additional 1,064 shares during the quarter. Jmac Enterprises LLC’s holdings in NextEra Energy were worth $502,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Exchange Traded Concepts LLC raised its position in shares of NextEra Energy by 514.3% during the third quarter. Exchange Traded Concepts LLC now owns 4,675 shares of the utilities provider’s stock worth $395,000 after acquiring an additional 3,914 shares during the last quarter. Procyon Advisors LLC increased its position in NextEra Energy by 2.4% in the third quarter. Procyon Advisors LLC now owns 12,975 shares of the utilities provider’s stock worth $1,097,000 after purchasing an additional 306 shares during the period. ORG Wealth Partners LLC acquired a new stake in NextEra Energy in the third quarter worth about $45,000. Wesbanco Bank Inc. raised its holdings in NextEra Energy by 13.4% during the 3rd quarter. Wesbanco Bank Inc. now owns 292,202 shares of the utilities provider’s stock worth $24,700,000 after purchasing an additional 34,464 shares during the last quarter. Finally, Creative Planning lifted its position in NextEra Energy by 2.4% during the 3rd quarter. Creative Planning now owns 831,170 shares of the utilities provider’s stock valued at $70,082,000 after purchasing an additional 19,698 shares during the period. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Performance

Shares of NEE stock opened at $70.36 on Wednesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10. The company’s 50 day moving average price is $71.52 and its two-hundred day moving average price is $77.00. The company has a market capitalization 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 issued its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. On average, analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NEE. Barclays boosted 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 note on Friday, October 25th. Evercore ISI dropped their target price on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research report on Monday, January 27th. BMO Capital Markets increased their price target on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Jefferies Financial Group decreased their price objective on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Finally, Guggenheim increased their target price on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target 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.