Asset Management One Co. Ltd. Has $73.79 Million Stock Holdings in NextEra Energy, Inc. $NEE

Asset Management One Co. Ltd. lifted its position in NextEra Energy, Inc. (NYSE:NEE) by 3.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,062,984 shares of the utilities provider’s stock after acquiring an additional 34,402 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.05% of NextEra Energy worth $73,792,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NEE. AlTi Global Inc. raised its stake in NextEra Energy by 19.3% in the second quarter. AlTi Global Inc. now owns 14,093 shares of the utilities provider’s stock valued at $985,000 after purchasing an additional 2,282 shares in the last quarter. Opes Wealth Management LLC lifted its position in NextEra Energy by 16.7% during the second quarter. Opes Wealth Management LLC now owns 5,084 shares of the utilities provider’s stock valued at $353,000 after buying an additional 727 shares during the period. Carnegie Investment Counsel raised its position in shares of NextEra Energy by 0.9% in the 2nd quarter. Carnegie Investment Counsel now owns 433,359 shares of the utilities provider’s stock worth $30,084,000 after purchasing an additional 3,704 shares during the last quarter. FSM Wealth Advisors LLC bought a new stake in shares of NextEra Energy during the 2nd quarter valued at about $248,000. Finally, KPP Advisory Services LLC grew its stake in shares of NextEra Energy by 12.9% during the 2nd quarter. KPP Advisory Services LLC now owns 15,393 shares of the utilities provider’s stock valued at $1,069,000 after purchasing an additional 1,761 shares during the period. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NextEra Energy stock opened at $83.30 on Friday. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.74. The stock has a fifty day moving average of $76.46 and a two-hundred day moving average of $72.64. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. The company has a market capitalization of $171.54 billion, a price-to-earnings ratio of 29.13, a PEG ratio of 2.80 and a beta of 0.66.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The business had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.52 billion. During the same quarter last year, the firm earned $0.96 earnings per share. The business’s revenue was up 10.4% on a year-over-year basis. On average, analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, November 21st. NextEra Energy’s payout ratio is presently 79.02%.

Insiders Place Their Bets

In related news, EVP Mark Lemasney sold 846 shares of the business’s stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $74.90, for a total value of $63,365.40. Following the completion of the sale, the executive vice president directly owned 9,267 shares of the company’s stock, valued at $694,098.30. The trade was a 8.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Charles E. Sieving sold 11,336 shares of the business’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the sale, the executive vice president directly owned 167,481 shares of the company’s stock, valued at approximately $13,398,480. This represents a 6.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,528 shares of company stock valued at $2,277,773 in the last three months. 0.20% of the stock is owned by insiders.

Analyst Ratings Changes

NEE has been the subject of several recent analyst reports. BMO Capital Markets upped their price target on NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Melius began coverage on NextEra Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price target for the company. Barclays set a $87.00 price target on NextEra Energy and gave the stock an “equal weight” rating in a report on Tuesday. BTIG Research upgraded NextEra Energy to a “strong-buy” rating in a research report on Wednesday. Finally, Melius Research raised NextEra Energy to a “strong-buy” rating in a research note on Wednesday, August 20th. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.38.

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.