Johnson Investment Counsel Inc. Has $28.77 Million Holdings in NextEra Energy, Inc. $NEE

Key Points

• Johnson Investment Counsel reduced its NextEra Energy stake by 4% during the second quarter, selling 13,817 shares and retaining 327,751 shares valued at approximately $28.77 million.
• Analysts maintain a generally positive outlook, with NextEra receiving a consensus “Moderate Buy” rating and an average price target of $99.36.
• NextEra reported quarterly earnings of $1.15 per share, beating estimates, and announced a quarterly dividend of $0.6232 per share, representing an annualized yield of about 2.9%.

Johnson Investment Counsel Inc. decreased its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 4.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 327,751 shares of the utilities provider's stock after selling 13,817 shares during the period. Johnson Investment Counsel Inc.'s holdings in NextEra Energy were worth $28,767,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Walker Asset Management LLC boosted its stake in NextEra Energy by 2.2% in the 1st quarter. Walker Asset Management LLC now owns 5,010 shares of the utilities provider's stock worth $465,000 after purchasing an additional 107 shares during the period. PUREfi Wealth LLC raised its stake in shares of NextEra Energy by 0.9% in the 1st quarter. PUREfi Wealth LLC now owns 12,594 shares of the utilities provider's stock valued at $1,170,000 after purchasing an additional 107 shares during the period. Garrison Point Advisors LLC raised its stake in shares of NextEra Energy by 0.4% in the 4th quarter. Garrison Point Advisors LLC now owns 28,267 shares of the utilities provider's stock valued at $2,269,000 after purchasing an additional 109 shares during the period. Cornerstone Planning Group LLC raised its stake in shares of NextEra Energy by 12.8% in the 1st quarter. Cornerstone Planning Group LLC now owns 978 shares of the utilities provider's stock valued at $94,000 after purchasing an additional 111 shares during the period. Finally, Legacy Wealth Managment LLC ID lifted its holdings in shares of NextEra Energy by 23.2% in the first quarter. Legacy Wealth Managment LLC ID now owns 594 shares of the utilities provider's stock valued at $55,000 after purchasing an additional 112 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on NEE. Wells Fargo & Company set a $102.00 price objective on NextEra Energy and gave the stock an "overweight" rating in a research report on Friday, April 24th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $108.00 price objective on shares of NextEra Energy in a report on Monday, July 27th. Scotiabank boosted their price objective on shares of NextEra Energy from $102.00 to $110.00 and gave the stock a "sector perform" rating in a research report on Friday, April 24th. JPMorgan Chase & Co. increased their target price on shares of NextEra Energy from $100.00 to $105.00 and gave the stock an "overweight" rating in a report on Wednesday, May 13th. Finally, DA Davidson raised their target price on shares of NextEra Energy from $95.00 to $105.00 and gave the company a "buy" rating in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, NextEra Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $99.36.

NextEra Energy Stock Performance

NEE opened at $86.18 on Friday. The business's 50-day simple moving average is $87.17 and its 200 day simple moving average is $89.95. NextEra Energy, Inc. has a 52-week low of $69.24 and a 52-week high of $98.75. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.53. The firm has a market capitalization of $179.75 billion, a PE ratio of 19.37, a PEG ratio of 2.36 and a beta of 0.67.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.11 by $0.04. The firm had revenue of $7.53 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.The business's revenue was up 12.4% compared to the same quarter last year. During the same period last year, the company earned $1.05 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. As a group, sell-side analysts expect that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be paid a $0.6232 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $2.49 annualized dividend and a dividend yield of 2.9%. NextEra Energy's dividend payout ratio (DPR) is currently 55.96%.

NextEra Energy 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.

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