Asset Management One Co. Ltd. Acquires 25,465 Shares of NextEra Energy, Inc. (NYSE:NEE)

Asset Management One Co. Ltd. lifted its position in NextEra Energy, Inc. (NYSE:NEE) by 2.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,004,945 shares of the utilities provider’s stock after purchasing an additional 25,465 shares during the period. Asset Management One Co. Ltd.’s holdings in NextEra Energy were worth $84,948,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of NEE. Proffitt & Goodson Inc. increased its stake in shares of NextEra Energy by 64.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 144 shares in the last quarter. Semmax Financial Advisors Inc. boosted its holdings in shares of NextEra Energy by 197.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 225 shares during the last quarter. Reston Wealth Management LLC purchased a new stake in NextEra Energy in the third quarter worth approximately $27,000. Valley Wealth Managers Inc. bought a new stake in shares of NextEra Energy in the second quarter worth $33,000. Finally, Maryland Capital Advisors Inc. bought a new stake in shares of NextEra Energy during the 3rd quarter valued at about $39,000. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Up 1.4 %

NEE opened at $78.47 on Monday. The stock has a market capitalization of $161.37 billion, a P/E ratio of 22.88, a price-to-earnings-growth ratio of 2.86 and a beta of 0.57. NextEra Energy, Inc. has a one year low of $53.81 and a one year high of $86.10. The business’s 50-day simple moving average is $82.39 and its 200-day simple moving average is $76.87. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The company had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. During the same period in the previous year, the company posted $0.94 EPS. NextEra Energy’s revenue was up 5.5% compared to the same quarter last year. Analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is 60.95%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. BMO Capital Markets raised their price objective on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Wells Fargo & Company boosted their target price on shares of NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a report on Tuesday, September 3rd. Morgan Stanley increased their price objective on shares of NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Dbs Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Finally, Barclays increased their target price on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $86.54.

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.