First Fiduciary Investment Counsel Inc. Has $10.23 Million Stock Holdings in NextEra Energy, Inc. $NEE

First Fiduciary Investment Counsel Inc. boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.5% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 147,373 shares of the utilities provider’s stock after acquiring an additional 684 shares during the period. NextEra Energy comprises approximately 2.0% of First Fiduciary Investment Counsel Inc.’s holdings, making the stock its 23rd largest position. First Fiduciary Investment Counsel Inc.’s holdings in NextEra Energy were worth $10,231,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. 1 North Wealth Services LLC purchased a new stake in shares of NextEra Energy in the first quarter valued at about $26,000. Nova Wealth Management Inc. purchased a new stake in shares of NextEra Energy in the first quarter valued at about $32,000. IMA Advisory Services Inc. purchased a new stake in shares of NextEra Energy in the first quarter valued at about $35,000. Semmax Financial Advisors Inc. raised its holdings in shares of NextEra Energy by 335.0% in the first quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 392 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC raised its holdings in shares of NextEra Energy by 237.7% in the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 366 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Ratings Changes

NEE has been the subject of several analyst reports. BMO Capital Markets increased their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Barclays increased their target price on shares of NextEra Energy from $65.00 to $67.00 and gave the company an “equal weight” rating in a report on Thursday, July 10th. HSBC lowered their target price on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a report on Friday, July 11th. JPMorgan Chase & Co. increased their price target on shares of NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, August 22nd. Finally, Morgan Stanley restated an “overweight” rating and set a $95.00 price target (down previously from $96.00) on shares of NextEra Energy in a research report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $85.08.

Insider Buying and Selling

In related news, EVP Michael Dunne sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $70.79, for a total value of $707,900.00. Following the sale, the executive vice president directly owned 62,064 shares of the company’s stock, valued at $4,393,510.56. This trade represents a 13.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Robert Coffey sold 7,500 shares of NextEra Energy stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $71.84, for a total transaction of $538,800.00. Following the transaction, the executive vice president directly owned 26,539 shares in the company, valued at $1,906,561.76. This trade represents a 22.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,705 shares of company stock valued at $2,446,490 in the last three months. Insiders own 0.20% of the company’s stock.

NextEra Energy Price Performance

NEE opened at $83.30 on Friday. The firm has a market cap of $171.54 billion, a P/E ratio of 29.13, a PEG ratio of 2.88 and a beta of 0.66. The firm has a 50-day moving average of $74.20 and a 200 day moving average of $71.73. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.00.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The firm had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the business earned $0.96 earnings per share. On average, research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were given a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Thursday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is 79.37%.

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.