St. Johns Investment Management Company LLC Buys 221 Shares of NextEra Energy, Inc. (NYSE:NEE)

St. Johns Investment Management Company LLC increased its stake in NextEra Energy, Inc. (NYSE:NEE) by 2.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,226 shares of the utilities provider’s stock after acquiring an additional 221 shares during the period. St. Johns Investment Management Company LLC’s holdings in NextEra Energy were worth $795,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. BCK Partners Inc. increased its position in shares of NextEra Energy by 3.8% during the 2nd quarter. BCK Partners Inc. now owns 3,687 shares of the utilities provider’s stock valued at $261,000 after purchasing an additional 135 shares during the last quarter. Renasant Bank boosted its stake in shares of NextEra Energy by 1.0% in the 1st quarter. Renasant Bank now owns 14,614 shares of the utilities provider’s stock valued at $934,000 after purchasing an additional 142 shares in the last quarter. Stonebridge Capital Advisors LLC raised its position in NextEra Energy by 1.8% in the 1st quarter. Stonebridge Capital Advisors LLC now owns 8,029 shares of the utilities provider’s stock worth $513,000 after purchasing an additional 143 shares during the period. Proffitt & Goodson Inc. lifted its stake in NextEra Energy by 64.0% in the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 144 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC increased its holdings in shares of NextEra Energy by 1.0% in the second quarter. NorthCrest Asset Manangement LLC now owns 15,194 shares of the utilities provider’s stock worth $1,076,000 after buying an additional 146 shares during the period. Institutional investors own 78.72% of the company’s stock.

Insider Activity

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the transaction, the executive vice president now directly owns 100 shares of the company’s stock, valued at $7,697. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Stock Up 1.2 %

NYSE NEE traded up $0.98 during trading hours on Monday, reaching $80.64. 5,288,575 shares of the company’s stock traded hands, compared to its average volume of 11,197,393. The firm has a market cap of $165.68 billion, a PE ratio of 21.97, a PEG ratio of 2.84 and a beta of 0.54. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $81.07. The firm has a 50-day simple moving average of $74.72 and a 200 day simple moving average of $69.01.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.03. The firm had revenue of $6.07 billion during the quarter, compared to analyst estimates of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same period last year, the business earned $0.88 earnings per share. Sell-side analysts anticipate that NextEra Energy, Inc. will post 3.39 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be paid a $0.515 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.55%. NextEra Energy’s dividend payout ratio is currently 56.13%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NEE. StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Wells Fargo & Company reiterated an “overweight” rating and set a $95.00 price target on shares of NextEra Energy in a report on Wednesday, June 12th. Mizuho cut shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price objective on the stock. in a research report on Wednesday, June 12th. Royal Bank of Canada boosted their price target on NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. Finally, Citigroup upped their target price on NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, June 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $80.00.

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.