Mogy Joel R Investment Counsel Inc. Purchases 3,310 Shares of NextEra Energy, Inc. (NYSE:NEE)

Mogy Joel R Investment Counsel Inc. boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 83,020 shares of the utilities provider’s stock after acquiring an additional 3,310 shares during the period. Mogy Joel R Investment Counsel Inc.’s holdings in NextEra Energy were worth $5,043,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Leisure Capital Management bought a new position in NextEra Energy in the fourth quarter valued at about $203,000. Intact Investment Management Inc. lifted its stake in NextEra Energy by 7.9% in the fourth quarter. Intact Investment Management Inc. now owns 156,600 shares of the utilities provider’s stock valued at $9,512,000 after buying an additional 11,400 shares during the period. Investment Partners LTD. lifted its stake in NextEra Energy by 30.8% in the fourth quarter. Investment Partners LTD. now owns 6,621 shares of the utilities provider’s stock valued at $402,000 after buying an additional 1,561 shares during the period. Motley Fool Wealth Management LLC acquired a new position in NextEra Energy in the fourth quarter valued at about $8,722,000. Finally, Account Management LLC lifted its stake in NextEra Energy by 29.4% in the fourth quarter. Account Management LLC now owns 69,655 shares of the utilities provider’s stock valued at $4,231,000 after buying an additional 15,840 shares during the period. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Down 1.4 %

NextEra Energy stock traded down $0.91 during midday trading on Friday, reaching $65.99. The stock had a trading volume of 9,982,762 shares, compared to its average volume of 10,921,297. The firm’s fifty day simple moving average is $60.85 and its 200-day simple moving average is $59.06. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $78.53. The stock has a market capitalization of $135.58 billion, a P/E ratio of 17.99, a price-to-earnings-growth 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 earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $6.28 billion. During the same quarter last year, the firm earned $0.84 EPS. NextEra Energy’s revenue for the quarter was down 14.7% compared to the same quarter last year. As a group, analysts expect 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. Shareholders of record on Tuesday, February 27th were paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.12%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s dividend payout ratio (DPR) is currently 56.13%.

Analyst Ratings Changes

Several equities analysts have weighed in on NEE shares. Guggenheim increased their target price on NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Scotiabank increased their target price 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. Mizuho increased their target price on NextEra Energy from $67.00 to $71.00 and gave the company a “buy” rating in a research note on Wednesday. StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a research note on Monday, April 22nd. Finally, BMO Capital Markets raised their price target on NextEra Energy from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.