Asset Management One Co. Ltd. Sells 61,600 Shares of NextEra Energy, Inc. $NEE

Asset Management One Co. Ltd. decreased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,001,384 shares of the utilities provider’s stock after selling 61,600 shares during the period. Asset Management One Co. Ltd.’s holdings in NextEra Energy were worth $75,594,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of NextEra Energy during the second quarter worth approximately $2,375,545,000. Vanguard Group Inc. raised its position in NextEra Energy by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 212,877,021 shares of the utilities provider’s stock worth $14,777,923,000 after purchasing an additional 5,554,603 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in NextEra Energy by 1,765.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 3,968,305 shares of the utilities provider’s stock worth $299,567,000 after buying an additional 3,755,563 shares in the last quarter. Schroder Investment Management Group lifted its holdings in NextEra Energy by 18.7% during the 2nd quarter. Schroder Investment Management Group now owns 10,796,329 shares of the utilities provider’s stock worth $749,481,000 after buying an additional 1,701,648 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. raised its position in shares of NextEra Energy by 181.9% during the second quarter. Adage Capital Partners GP L.L.C. now owns 2,185,513 shares of the utilities provider’s stock worth $151,718,000 after acquiring an additional 1,410,200 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Up 0.8%

NextEra Energy stock opened at $80.89 on Friday. The firm has a market capitalization of $168.47 billion, a price-to-earnings ratio of 25.76, a PEG ratio of 2.51 and a beta of 0.74. The company’s 50 day simple moving average is $82.62 and its 200 day simple moving average is $77.54. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $87.53.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.09. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The company had revenue of $7.97 billion for the quarter, compared to analyst estimates of $8.13 billion. During the same period last year, the business posted $1.03 earnings per share. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 21st were paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Friday, November 21st. NextEra Energy’s payout ratio is presently 72.29%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NEE shares. JPMorgan Chase & Co. raised their price target on NextEra Energy from $94.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, December 11th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $88.00 target price (up previously from $85.00) on shares of NextEra Energy in a research note on Wednesday. Barclays set a $88.00 price target on shares of NextEra Energy and gave the stock an “equal weight” rating in a research note on Wednesday, October 29th. Evercore ISI restated an “outperform” rating and issued a $93.00 price objective on shares of NextEra Energy in a report on Tuesday, October 28th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of NextEra Energy in a report on Monday, December 29th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $91.72.

Insider Activity

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 145,140 shares of the stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $83.91, for a total value of $12,178,697.40. Following the completion of the sale, the chief executive officer directly owned 162,693 shares in the company, valued at $13,651,569.63. This represents a 47.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by company insiders.

About NextEra Energy

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.