Mitsubishi UFJ Asset Management UK Ltd. Buys 5,000 Shares of NextEra Energy, Inc. (NYSE:NEE)

Mitsubishi UFJ Asset Management UK Ltd. boosted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 41.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,000 shares of the utilities provider’s stock after buying an additional 5,000 shares during the quarter. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in NextEra Energy were worth $1,437,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in NEE. Legacy Financial Strategies LLC grew its stake in NextEra Energy by 7.2% in the third quarter. Legacy Financial Strategies LLC now owns 47,839 shares of the utilities provider’s stock worth $4,044,000 after purchasing an additional 3,219 shares in the last quarter. ST Germain D J Co. Inc. lifted its holdings in shares of NextEra Energy by 2.6% in the 3rd quarter. ST Germain D J Co. Inc. now owns 162,310 shares of the utilities provider’s stock worth $13,720,000 after buying an additional 4,086 shares during the period. Raymond James & Associates grew its position in shares of NextEra Energy by 14.3% during the 3rd quarter. Raymond James & Associates now owns 6,809,093 shares of the utilities provider’s stock worth $575,573,000 after buying an additional 851,873 shares in the last quarter. Bartlett & CO. Wealth Management LLC grew its position in shares of NextEra Energy by 2.3% during the 3rd quarter. Bartlett & CO. Wealth Management LLC now owns 1,070,660 shares of the utilities provider’s stock worth $90,503,000 after buying an additional 24,512 shares in the last quarter. Finally, Capital Investment Advisors LLC increased its stake in shares of NextEra Energy by 5.4% during the third quarter. Capital Investment Advisors LLC now owns 61,449 shares of the utilities provider’s stock valued at $5,194,000 after buying an additional 3,129 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NEE. Bank of America increased their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. BMO Capital Markets upped their price target on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday. Citigroup lifted their price objective on shares of NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, June 27th. Morgan Stanley upped their target price on NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Finally, Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $83.64.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the transaction, the executive vice president now directly owns 100 shares of the company’s stock, valued at approximately $7,697. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.18% of the stock is owned by insiders.

NextEra Energy Stock Up 0.7 %

Shares of NEE stock traded up $0.60 during trading hours on Friday, reaching $84.38. 8,595,305 shares of the company’s stock were exchanged, compared to its average volume of 10,786,079. NextEra Energy, Inc. has a 1 year low of $50.95 and a 1 year high of $86.10. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. The stock has a market cap of $173.36 billion, a PE ratio of 22.98, a PEG ratio of 2.92 and a beta of 0.56. The stock’s fifty day moving average price is $81.81 and its two-hundred day moving average price is $75.44.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.03. The company had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same quarter in the previous year, the firm earned $0.88 EPS. Research analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.44%. NextEra Energy’s dividend payout ratio (DPR) is 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.