First Fiduciary Investment Counsel Inc. Purchases 5,177 Shares of NextEra Energy, Inc. (NYSE:NEE)

First Fiduciary Investment Counsel Inc. boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 137,963 shares of the utilities provider’s stock after purchasing an additional 5,177 shares during the period. NextEra Energy comprises 1.9% of First Fiduciary Investment Counsel Inc.’s holdings, making the stock its 28th biggest holding. First Fiduciary Investment Counsel Inc.’s holdings in NextEra Energy were worth $8,380,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in NEE. Mizuho Markets Americas LLC purchased a new stake in NextEra Energy in the 3rd quarter valued at about $141,817,000. Nordea Investment Management AB boosted its position in NextEra Energy by 59.1% in the 3rd quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider’s stock valued at $337,096,000 after buying an additional 2,148,205 shares during the period. International Assets Investment Management LLC boosted its position in NextEra Energy by 7,999.6% in the 4th quarter. International Assets Investment Management LLC now owns 2,173,459 shares of the utilities provider’s stock valued at $132,016,000 after buying an additional 2,146,625 shares during the period. Vanguard Group Inc. boosted its position in NextEra Energy by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock valued at $11,368,065,000 after buying an additional 1,956,153 shares during the period. Finally, AEGON ASSET MANAGEMENT UK Plc purchased a new stake in NextEra Energy in the 4th quarter valued at about $94,883,000. 78.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on NEE shares. Barclays started coverage on shares of NextEra Energy in a research report on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price objective for the company. Morgan Stanley upped their price target on shares of NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Monday, April 22nd. Scotiabank upped their price target on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research report on Monday, April 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $74.00 price target on shares of NextEra Energy in a research report on Tuesday, January 30th. Finally, Bank of America upped their price target on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $71.50.

NextEra Energy Trading Down 1.3 %

Shares of NextEra Energy stock opened at $66.01 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.47 and a debt-to-equity ratio of 1.12. 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 $135.62 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 2.46 and a beta of 0.51. The firm’s 50 day simple moving average is $60.85 and its two-hundred day simple moving average is $59.06.

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

NextEra Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were issued a dividend of $0.515 per share. The ex-dividend date was Monday, February 26th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 dividend on an annualized basis and a yield of 3.12%. NextEra Energy’s dividend payout ratio is 56.13%.

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.