Tokio Marine Asset Management Co. Ltd. decreased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 17.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,011 shares of the utilities provider’s stock after selling 3,784 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in NextEra Energy were worth $2,312,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the stock. Pacific Center for Financial Services bought a new stake in shares of NextEra Energy during the fourth quarter worth about $136,000. Pinnacle Bank bought a new stake in shares of NextEra Energy during the first quarter worth about $161,000. Baystate Wealth Management LLC increased its stake in shares of NextEra Energy by 49.4% in the first quarter. Baystate Wealth Management LLC now owns 1,333 shares of the utilities provider’s stock worth $174,000 after buying an additional 441 shares during the period. Norway Savings Bank increased its stake in shares of NextEra Energy by 1.4% in the first quarter. Norway Savings Bank now owns 1,344 shares of the utilities provider’s stock worth $172,000 after buying an additional 18 shares during the period. Finally, Advantage Investment Management LLC bought a new stake in shares of NextEra Energy during the fourth quarter worth about $175,000. Institutional investors and hedge funds own 76.97% of the company’s stock.
NextEra Energy, Inc. (NYSE:NEE) opened at 146.75 on Monday. The stock has a market capitalization of $68.86 billion, a P/E ratio of 16.81 and a beta of 0.32. The firm’s 50-day moving average price is $142.09 and its 200 day moving average price is $133.79. NextEra Energy, Inc. has a 12-month low of $110.49 and a 12-month high of $147.33.
NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.10. The company had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.44 billion. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.67 earnings per share. On average, equities analysts anticipate that NextEra Energy, Inc. will post $6.72 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be given a $0.9825 dividend. This represents a $3.93 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend is Wednesday, August 23rd. NextEra Energy’s payout ratio is 45.02%.
A number of brokerages have issued reports on NEE. UBS AG restated a “buy” rating and set a $143.00 price objective (up from $138.00) on shares of NextEra Energy in a research report on Tuesday, April 18th. Royal Bank Of Canada restated an “outperform” rating and set a $147.00 price objective (up from $144.00) on shares of NextEra Energy in a research report on Sunday, July 9th. Wells Fargo & Company restated an “outperform” rating and set a $158.00 price objective (up from $150.00) on shares of NextEra Energy in a research report on Monday, June 19th. BidaskClub downgraded NextEra Energy from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $156.00 price target (up from $144.00) on shares of NextEra Energy in a report on Friday, June 23rd. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $148.18.
In other NextEra Energy news, Director Eric E. Silagy sold 8,111 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $140.58, for a total value of $1,140,244.38. Following the sale, the director now owns 26,884 shares of the company’s stock, valued at $3,779,352.72. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James L. Robo sold 52,320 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $136.48, for a total value of $7,140,633.60. The disclosure for this sale can be found here. In the last three months, insiders sold 90,431 shares of company stock worth $12,692,378. 0.53% of the stock is owned by corporate insiders.
NextEra Energy Company Profile
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.
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