Nomura Asset Management Co. Ltd. boosted its stake in NextEra Energy, Inc. (NYSE:NEE) by 2.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,733 shares of the company’s stock after buying an additional 1,295 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in NextEra Energy were worth $7,673,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. HL Financial Services LLC raised its stake in NextEra Energy by 0.6% in the second quarter. HL Financial Services LLC now owns 45,170 shares of the company’s stock worth $5,890,000 after buying an additional 253 shares during the period. Sabal Trust CO raised its stake in NextEra Energy by 3.1% in the second quarter. Sabal Trust CO now owns 4,950 shares of the company’s stock worth $646,000 after buying an additional 150 shares during the period. Private Advisor Group LLC raised its stake in NextEra Energy by 63.2% in the second quarter. Private Advisor Group LLC now owns 19,200 shares of the company’s stock worth $2,446,000 after buying an additional 7,438 shares during the period. National Planning Corp raised its stake in NextEra Energy by 10.5% in the second quarter. National Planning Corp now owns 5,797 shares of the company’s stock worth $740,000 after buying an additional 549 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. raised its stake in NextEra Energy by 8.4% in the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 26,692 shares of the company’s stock worth $3,481,000 after buying an additional 2,063 shares during the period. Institutional investors own 72.44% of the company’s stock.
Shares of NextEra Energy, Inc. (NYSE:NEE) traded up 0.19% during mid-day trading on Wednesday, hitting $118.81. The stock had a trading volume of 463,968 shares. The firm has a 50 day moving average of $117.32 and a 200 day moving average of $122.78. The stock has a market cap of $55.52 billion, a price-to-earnings ratio of 22.46 and a beta of 0.20. NextEra Energy, Inc. has a one year low of $103.35 and a one year high of $131.98.
NextEra Energy (NYSE:NEE) last posted its earnings results on Monday, October 31st. The company reported $1.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.07. NextEra Energy had a return on equity of 11.90% and a net margin of 14.74%. The company had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.87 billion. During the same period last year, the company earned $1.60 earnings per share. On average, analysts forecast that NextEra Energy, Inc. will post $6.21 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Friday, November 25th were paid a $0.87 dividend. The ex-dividend date was Tuesday, November 22nd. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.93%. NextEra Energy’s payout ratio is presently 66.29%.
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NEE has been the subject of a number of recent research reports. Zacks Investment Research lowered NextEra Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, December 7th. Mizuho reiterated a “buy” rating and issued a $138.00 target price on shares of NextEra Energy in a research note on Friday, October 7th. Deutsche Bank AG downgraded NextEra Energy from a “buy” rating to a “hold” rating and set a $131.00 price target for the company. in a report on Friday, September 23rd. RBC Capital Markets reissued a “buy” rating and issued a $142.00 price target on shares of NextEra Energy in a report on Wednesday, January 4th. Finally, Bank of America Corporation reissued a “buy” rating and issued a $149.00 price target on shares of NextEra Energy in a report on Tuesday, September 27th. Three research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $130.36.
In other news, EVP Charles E. Sieving sold 24,927 shares of NextEra Energy stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $123.55, for a total value of $3,079,730.85. Following the transaction, the executive vice president now directly owns 47,189 shares in the company, valued at $5,830,200.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John L. Skolds acquired 800 shares of the company’s stock in a transaction dated Monday, December 5th. The stock was acquired at an average price of $114.96 per share, for a total transaction of $91,968.00. Following the completion of the purchase, the director now directly owns 7,144 shares of the company’s stock, valued at approximately $821,274.24. The disclosure for this purchase can be found here. 0.66% of the stock is owned by insiders.
About NextEra Energy
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power company in North America with electric generating facilities located in over 30 states in the United States and approximately five provinces in Canada. NEE’s operating segments are FPL, an electric utility, and NEER, an energy business.
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