Mogy Joel R Investment Counsel Inc. Has $2.80 Million Stake in NextEra Energy, Inc. (NYSE:NEE)

Mogy Joel R Investment Counsel Inc. cut its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 8.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 33,075 shares of the utilities provider’s stock after selling 3,115 shares during the quarter. Mogy Joel R Investment Counsel Inc.’s holdings in NextEra Energy were worth $2,796,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Wedmont Private Capital boosted its holdings in shares of NextEra Energy by 5.5% during the first quarter. Wedmont Private Capital now owns 9,452 shares of the utilities provider’s stock worth $618,000 after acquiring an additional 494 shares during the period. Aprio Wealth Management LLC acquired a new position in NextEra Energy in the 1st quarter valued at $210,000. RFG Advisory LLC increased its position in NextEra Energy by 104.3% during the 1st quarter. RFG Advisory LLC now owns 54,889 shares of the utilities provider’s stock worth $3,508,000 after buying an additional 28,020 shares during the period. MJP Associates Inc. ADV acquired a new stake in shares of NextEra Energy during the first quarter worth $302,000. Finally, Sanders Morris Harris LLC bought a new stake in shares of NextEra Energy in the first quarter valued at about $346,000. 78.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on NEE shares. Bank of America lifted their price objective on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. JPMorgan Chase & Co. upped their price target on shares of NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Wells Fargo & Company upped their target price on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 3rd. Barclays upped their price objective on NextEra Energy from $76.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 1st. Finally, Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, NextEra Energy has an average rating of “Hold” and a consensus price target of $83.64.

NextEra Energy Stock Performance

Shares of NYSE NEE opened at $84.35 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. The firm’s 50-day moving average price is $81.81 and its 200-day moving average price is $75.44. NextEra Energy, Inc. has a 52-week low of $50.95 and a 52-week high of $86.10. The company has a market cap of $173.30 billion, a PE ratio of 22.98, a PEG ratio of 2.92 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The company had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $7.29 billion. During the same quarter in the prior year, the company earned $0.88 earnings per share. As a group, analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.44%. NextEra Energy’s dividend payout ratio is currently 56.13%.

Insider Buying and Selling at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the sale, the executive vice president now owns 100 shares in the company, valued at approximately $7,697. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.18% of the company’s stock.

NextEra Energy 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.