St. Johns Investment Management Company LLC Has $703,000 Stock Position in NextEra Energy, Inc. (NYSE:NEE)

St. Johns Investment Management Company LLC lifted its stake in NextEra Energy, Inc. (NYSE:NEE) by 63.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,005 shares of the utilities provider’s stock after purchasing an additional 4,257 shares during the quarter. St. Johns Investment Management Company LLC’s holdings in NextEra Energy were worth $703,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of 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 purchasing an additional 1,956,153 shares during the period. Norges Bank acquired a new position in shares of NextEra Energy in the 4th quarter valued at $2,561,055,000. Charles Schwab Investment Management Inc. boosted its position in NextEra Energy by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,782,674 shares of the utilities provider’s stock worth $654,940,000 after acquiring an additional 429,979 shares during the period. 1832 Asset Management L.P. boosted its position in NextEra Energy by 10.5% during the 4th quarter. 1832 Asset Management L.P. now owns 6,631,121 shares of the utilities provider’s stock worth $402,774,000 after acquiring an additional 629,032 shares during the period. Finally, Principal Financial Group Inc. boosted its position in NextEra Energy by 8.2% during the 4th quarter. Principal Financial Group Inc. now owns 5,905,784 shares of the utilities provider’s stock worth $358,717,000 after acquiring an additional 449,387 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Up 0.5 %

Shares of NEE stock opened at $73.36 on Thursday. The stock’s 50 day simple moving average is $72.74 and its 200 day simple moving average is $64.26. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $80.47. The company has a market capitalization of $150.72 billion, a price-to-earnings ratio of 19.99, a PEG ratio of 2.50 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share 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 the consensus estimate of $6.28 billion. During the same period last year, the business earned $0.84 EPS. The firm’s revenue was down 14.7% compared to the same quarter last year. As a group, research analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.81%. The ex-dividend date was Monday, June 3rd. NextEra Energy’s dividend payout ratio is currently 56.13%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. raised their price objective on NextEra Energy from $76.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, June 20th. Evercore ISI raised their price objective on NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a research report on Wednesday, June 12th. Morgan Stanley raised their price objective on NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. Royal Bank of Canada raised their price objective on NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. Finally, Barclays decreased their price objective on NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating for the company in a research report on Thursday, June 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten 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 a consensus target price of $76.50.

NextEra Energy Company 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.