Johnson Investment Counsel Inc. Has $26.96 Million Stake in NextEra Energy, Inc. $NEE

Johnson Investment Counsel Inc. reduced its holdings in NextEra Energy, Inc. (NYSE:NEE) by 2.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 357,124 shares of the utilities provider’s stock after selling 7,717 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in NextEra Energy were worth $26,959,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in NEE. Activest Wealth Management boosted its position in shares of NextEra Energy by 79.7% in the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 157 shares during the period. Harbor Asset Planning Inc. bought a new position in NextEra Energy during the second quarter worth $25,000. Goodman Advisory Group LLC acquired a new position in NextEra Energy during the 2nd quarter valued at $25,000. Tripletail Wealth Management LLC bought a new stake in NextEra Energy in the 3rd quarter valued at $25,000. Finally, Quaker Wealth Management LLC boosted its holdings in NextEra Energy by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 772 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Ronald R. Reagan sold 18,620 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total value of $1,675,800.00. Following the sale, the executive vice president owned 9,643 shares of the company’s stock, valued at approximately $867,870. This represents a 65.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Charles E. Sieving sold 30,000 shares of NextEra Energy stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total transaction of $2,700,000.00. Following the transaction, the executive vice president directly owned 167,481 shares of the company’s stock, valued at $15,073,290. This represents a 15.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 204,586 shares of company stock worth $17,474,707 over the last three months. 0.18% of the stock is currently owned by corporate insiders.

NextEra Energy Stock Up 0.0%

Shares of NEE opened at $89.49 on Tuesday. The company has a quick ratio of 0.49, a current ratio of 0.60 and a debt-to-equity ratio of 1.35. The company has a 50-day moving average price of $82.97 and a two-hundred day moving average price of $79.67. The stock has a market cap of $186.37 billion, a price-to-earnings ratio of 27.20, a P/E/G ratio of 2.77 and a beta of 0.75. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $90.99.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.01. The company had revenue of $6.50 billion for the quarter, compared to analyst estimates of $7.07 billion. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The company’s revenue was up 20.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.53 EPS. Equities analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NEE has been the topic of several research reports. Morgan Stanley restated an “overweight” rating and set a $104.00 price objective on shares of NextEra Energy in a report on Wednesday, January 21st. Barclays lifted their target price on NextEra Energy from $84.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. Seaport Research Partners cut their price target on NextEra Energy from $56.00 to $55.00 and set a “sell” rating for the company in a report on Monday, February 2nd. Citigroup reiterated a “buy” rating and issued a $96.00 price objective (up previously from $84.00) on shares of NextEra Energy in a research report on Wednesday, October 29th. Finally, Evercore restated an “outperform” rating and set a $93.00 price objective on shares of NextEra Energy in a research report on Tuesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $92.95.

NextEra Energy Company Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.