Johnson Financial Group Inc. Has $320,000 Holdings in NextEra Energy, Inc. (NYSE:NEE)

Johnson Financial Group Inc. reduced its position in NextEra Energy, Inc. (NYSE:NEE) by 61.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,269 shares of the utilities provider’s stock after selling 8,424 shares during the period. Johnson Financial Group Inc.’s holdings in NextEra Energy were worth $320,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of NEE. Norges Bank acquired a new position in NextEra Energy in the 4th quarter worth about $2,561,055,000. Mizuho Markets Americas LLC acquired a new position in NextEra Energy in the 3rd quarter worth about $141,817,000. Nordea Investment Management AB boosted its stake in shares of NextEra Energy by 59.1% during the 3rd quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider’s stock worth $337,096,000 after acquiring an additional 2,148,205 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of NextEra Energy by 7,999.6% during the 4th quarter. International Assets Investment Management LLC now owns 2,173,459 shares of the utilities provider’s stock worth $132,016,000 after acquiring an additional 2,146,625 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of NextEra Energy by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock worth $11,368,065,000 after acquiring an additional 1,956,153 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on NEE shares. Wells Fargo & Company upped their price target on NextEra Energy from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 15th. Morgan Stanley upped their price target on NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. StockNews.com upgraded NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Barclays initiated coverage on NextEra Energy in a research note on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 price target for the company. Finally, BMO Capital Markets increased their target price on NextEra Energy from $72.00 to $78.00 and gave the company an “outperform” rating in a research note on Tuesday, May 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, NextEra Energy currently has an average rating of “Moderate Buy” and a consensus target price of $72.64.

NextEra Energy Price Performance

NYSE:NEE traded up $1.29 during mid-day trading on Friday, hitting $76.61. The company’s stock had a trading volume of 7,601,101 shares, compared to its average volume of 10,669,695. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12. The stock has a fifty day moving average of $67.50 and a 200-day moving average of $61.58. The company has a market capitalization of $157.40 billion, a price-to-earnings ratio of 20.87, a P/E/G ratio of 2.81 and a beta of 0.50. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $77.41.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter last year, the company earned $0.84 EPS. NextEra Energy’s revenue was down 14.7% on a year-over-year basis. As a group, equities analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Monday, June 3rd. NextEra Energy’s dividend payout ratio (DPR) is currently 56.13%.

About NextEra Energy

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.