Mogy Joel R Investment Counsel Inc. Has $5.04 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Mogy Joel R Investment Counsel Inc. increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 83,020 shares of the utilities provider’s stock after purchasing an additional 3,310 shares during the period. Mogy Joel R Investment Counsel Inc.’s holdings in NextEra Energy were worth $5,043,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. acquired a new position in NextEra Energy during the 4th quarter worth approximately $29,000. Stuart Chaussee & Associates Inc. raised its stake in NextEra Energy by 315.4% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after buying an additional 410 shares during the period. Rakuten Securities Inc. purchased a new stake in shares of NextEra Energy in the fourth quarter worth approximately $34,000. Alaska Permanent Fund Corp raised its stake in shares of NextEra Energy by 59.8% in the third quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 208 shares during the last quarter. Finally, Valued Wealth Advisors LLC purchased a new stake in shares of NextEra Energy in the fourth quarter worth approximately $34,000. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

NYSE NEE traded down $0.91 on Friday, hitting $65.99. 9,982,762 shares of the stock traded hands, compared to its average volume of 10,921,297. The business’s fifty day moving average is $60.85 and its two-hundred day moving average is $59.06. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $78.53. The firm has a market capitalization of $135.58 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 2.46 and a beta of 0.51. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.47 and a current ratio of 0.51.

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

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were issued a $0.515 dividend. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NEE. Morgan Stanley increased their price objective on NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a research note on Monday, April 22nd. BMO Capital Markets increased their price objective on NextEra Energy from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday. Barclays began coverage on NextEra Energy in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price objective for the company. Finally, Guggenheim increased their price target on NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. One 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $71.50.

About NextEra Energy

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.