Johnson Financial Group Inc. Sells 8,424 Shares of NextEra Energy, Inc. (NYSE:NEE)

Johnson Financial Group Inc. decreased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 61.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,269 shares of the utilities provider’s stock after selling 8,424 shares during the period. Johnson Financial Group Inc.’s holdings in NextEra Energy were worth $320,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Greenfield Savings Bank increased its position in shares of NextEra Energy by 0.5% in the fourth quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock worth $1,957,000 after purchasing an additional 163 shares during the period. Bay Harbor Wealth Management LLC boosted its stake in NextEra Energy by 22.7% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 930 shares of the utilities provider’s stock valued at $56,000 after buying an additional 172 shares in the last quarter. MKT Advisors LLC boosted its stake in NextEra Energy by 2.9% in the fourth quarter. MKT Advisors LLC now owns 6,233 shares of the utilities provider’s stock valued at $387,000 after buying an additional 173 shares in the last quarter. First Pacific Financial boosted its stake in NextEra Energy by 2.0% in the fourth quarter. First Pacific Financial now owns 8,885 shares of the utilities provider’s stock valued at $540,000 after buying an additional 177 shares in the last quarter. Finally, Diversified LLC boosted its stake in NextEra Energy by 2.3% in the fourth quarter. Diversified LLC now owns 7,851 shares of the utilities provider’s stock valued at $477,000 after buying an additional 177 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

NEE has been the topic of several research analyst reports. Mizuho raised their price objective on NextEra Energy from $67.00 to $71.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. BMO Capital Markets raised their price objective on NextEra Energy from $72.00 to $78.00 and gave the company an “outperform” rating in a research note on Tuesday, May 7th. Barclays assumed coverage on NextEra Energy in a research note on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 price target on the stock. Morgan Stanley lifted their price target on NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Finally, Scotiabank lifted their price target on NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.64.

NextEra Energy Trading Up 1.7 %

Shares of NextEra Energy stock traded up $1.29 during midday trading on Friday, reaching $76.61. The company had a trading volume of 7,601,101 shares, compared to its average volume of 10,669,695. The stock has a fifty day moving average price of $67.50 and a 200 day moving average price of $61.58. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43. The firm has a market cap of $157.40 billion, a PE ratio of 20.87, a P/E/G ratio of 2.81 and a beta of 0.50. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $77.41.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The company had revenue of $5.73 billion for the quarter, compared to analyst estimates of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The firm’s quarterly revenue was down 14.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.84 earnings per share. On average, equities analysts anticipate that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a $0.515 dividend. The ex-dividend date is Monday, June 3rd. This represents a $2.06 dividend on an annualized basis and a yield of 2.69%. NextEra Energy’s payout ratio is currently 56.13%.

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.