First Fiduciary Investment Counsel Inc. Purchases 907 Shares of NextEra Energy, Inc. (NYSE:NEE)

First Fiduciary Investment Counsel Inc. increased its position in NextEra Energy, Inc. (NYSE:NEE) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 150,529 shares of the utilities provider’s stock after acquiring an additional 907 shares during the quarter. NextEra Energy comprises about 2.2% of First Fiduciary Investment Counsel Inc.’s investment portfolio, making the stock its 20th biggest position. First Fiduciary Investment Counsel Inc.’s holdings in NextEra Energy were worth $10,791,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Focus Financial Network Inc. raised its holdings in NextEra Energy by 16.1% in the 4th quarter. Focus Financial Network Inc. now owns 8,826 shares of the utilities provider’s stock worth $633,000 after acquiring an additional 1,221 shares during the period. Summit Trail Advisors LLC grew its position in NextEra Energy by 22.4% in the 4th quarter. Summit Trail Advisors LLC now owns 32,407 shares of the utilities provider’s stock worth $2,323,000 after purchasing an additional 5,936 shares during the last quarter. Sapient Capital LLC grew its position in NextEra Energy by 2.0% in the 4th quarter. Sapient Capital LLC now owns 40,698 shares of the utilities provider’s stock worth $2,918,000 after purchasing an additional 808 shares during the last quarter. Paladin Wealth LLC grew its position in NextEra Energy by 13.3% in the 4th quarter. Paladin Wealth LLC now owns 8,512 shares of the utilities provider’s stock worth $610,000 after purchasing an additional 997 shares during the last quarter. Finally, Equitable Trust Co. grew its position in NextEra Energy by 8.5% in the 4th quarter. Equitable Trust Co. now owns 44,077 shares of the utilities provider’s stock worth $3,160,000 after purchasing an additional 3,438 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Guggenheim raised their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Evercore ISI decreased their target price on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research report on Monday, January 27th. Scotiabank lifted their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Barclays lifted their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Finally, BMO Capital Markets lifted their target price on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, NextEra Energy presently has an average rating of “Hold” and an average target price of $85.85.

NextEra Energy Trading Up 2.0 %

Shares of NextEra Energy stock opened at $69.66 on Tuesday. The company has a market capitalization of $143.25 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 2.42 and a beta of 0.58. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. The firm’s 50-day moving average price is $71.66 and its two-hundred day moving average price is $77.03.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. On average, analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

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.