Johnson Investment Counsel Inc. Acquires 2,046 Shares of NextEra Energy, Inc. (NYSE:NEE)

Johnson Investment Counsel Inc. raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 375,382 shares of the utilities provider’s stock after purchasing an additional 2,046 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in NextEra Energy were worth $26,911,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. FWG Holdings LLC lifted its position in NextEra Energy by 6.5% during the fourth quarter. FWG Holdings LLC now owns 13,122 shares of the utilities provider’s stock valued at $932,000 after purchasing an additional 806 shares during the last quarter. Main Street Research LLC bought a new position in NextEra Energy during the fourth quarter valued at $236,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in NextEra Energy by 11.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 859,113 shares of the utilities provider’s stock valued at $61,590,000 after purchasing an additional 87,217 shares during the last quarter. Essex Investment Management Co. LLC lifted its position in NextEra Energy by 6.4% during the fourth quarter. Essex Investment Management Co. LLC now owns 118,191 shares of the utilities provider’s stock valued at $8,473,000 after purchasing an additional 7,090 shares during the last quarter. Finally, Sound View Wealth Advisors Group LLC lifted its position in NextEra Energy by 1.7% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 47,086 shares of the utilities provider’s stock valued at $3,376,000 after purchasing an additional 798 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Insider Activity

In other news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total value of $162,258.47. Following the completion of the sale, the chief accounting officer now owns 27,427 shares in the company, valued at approximately $1,867,504.43. The trade was a 7.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.18% of the company’s stock.

NextEra Energy Trading Up 4.1 %

NEE stock opened at $72.86 on Monday. The company has a market capitalization of $149.88 billion, a PE ratio of 21.62, a P/E/G ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 12 month low of $56.31 and a 12 month high of $86.10. The firm’s 50-day moving average is $70.30 and its 200 day moving average is $76.03. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38.

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

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a $0.5665 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.11%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s payout ratio is currently 67.06%.

Wall Street Analyst Weigh In

Several equities analysts have commented on NEE shares. JPMorgan Chase & Co. lowered their price objective on shares of NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Morgan Stanley raised their target price on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Scotiabank raised their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. BMO Capital Markets raised their target price on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Finally, Evercore ISI lowered 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 report on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus 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.