Jones Raises 7.3% Stake to 849,352 Shares; AGF Cuts 27.7% to 129,865 Shares
Jones Financial Companies LLLP boosted its NextEra Energy stake by 7.3% in Q3 to 849,352 shares, adding 57,711 shares valued at $64.37 million. Meanwhile, AGF Management Ltd. trimmed its holdings by 27.7% to 129,865 shares worth $9.80 million.
1. Institutional Ownership Changes
During the third quarter, Jones Financial Companies LLLP increased its stake in NextEra Energy by 7.3%, acquiring an additional 57,711 shares to hold 849,352 shares valued at $64.37 million. Vanguard Group added 5.55 million shares in the second quarter to reach 212.88 million shares, representing $14.78 billion, while Geode Capital Management grew its position by 526,996 shares to 45.72 million shares worth $3.16 billion. Norges Bank initiated a new position valued at $2.38 billion in the same period. Charles Schwab Investment Management purchased 340,315 additional shares to total 16.79 million shares ($1.17 billion), and Legal & General Group increased its holding by 408,198 shares to 16.41 million shares ($1.14 billion). Institutional investors now own 78.72% of the company’s shares.
2. Latest Quarterly Earnings
In the quarter ending December 31, NextEra Energy reported earnings per share of $0.54, beating consensus estimates by $0.01. Revenue reached $6.56 billion, representing a 20.7% year-over-year increase, though slightly below the projected $7.07 billion. The company achieved a return on equity of 12.18% and a net margin of 24.93%. Analysts project full-year EPS of 3.68.
3. Balance Sheet and Valuation Metrics
NextEra Energy carries a debt-to-equity ratio of 1.35, a current ratio of 0.60 and a quick ratio of 0.49. The firm’s market capitalization stands at approximately $180.2 billion. Valuation multiples include a price-earnings ratio of 26.29, a PEG ratio of 2.72 and a beta of 0.75. The fifty-day moving average is $82.57 and the 200-day moving average is $79.16.
4. Analyst Ratings and Price Targets
Of the 20 recent analyst reports, two recommend Strong Buy, 14 recommend Buy and four recommend Hold, resulting in a consensus Moderate Buy rating. The average price target across these reports is $92.95. Notable adjustments include Barclays raising its target from $84 to $85 with an equal-weight rating, UBS assigning a $91 target with a Buy rating, HSBC lifting its objective from $94 to $95, and TD Cowen initiating at Buy with a $98 target.