Mirae Asset Global Investments Co. Ltd. Buys New Shares in NextEra Energy, Inc. $NEE

Mirae Asset Global Investments Co. Ltd. bought a new position in NextEra Energy, Inc. (NYSE:NEE) in the 3rd quarter, Holdings Channel reports. The firm bought 577,303 shares of the utilities provider’s stock, valued at approximately $43,725,000.

Other large investors have also recently made changes to their positions in the company. Czech National Bank raised its stake in NextEra Energy by 4.7% in the second quarter. Czech National Bank now owns 593,568 shares of the utilities provider’s stock worth $52,097,000 after buying an additional 26,378 shares in the last quarter. Annex Advisory Services LLC boosted its position in NextEra Energy by 13.9% during the 2nd quarter. Annex Advisory Services LLC now owns 711,009 shares of the utilities provider’s stock valued at $62,405,000 after acquiring an additional 86,585 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of NextEra Energy by 4.1% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 544,574 shares of the utilities provider’s stock valued at $47,797,000 after acquiring an additional 21,569 shares during the period. CV Advisors LLC purchased a new position in shares of NextEra Energy in the 2nd quarter valued at $1,404,000. Finally, Avity Investment Management Inc. raised its position in shares of NextEra Energy by 5.7% in the 2nd quarter. Avity Investment Management Inc. now owns 500,576 shares of the utilities provider’s stock worth $43,936,000 after acquiring an additional 26,848 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Up 0.1%

NEE stock opened at $83.82 on Monday. The company has a market capitalization of $175.80 billion, a P/E ratio of 15.10, a price-to-earnings-growth ratio of 2.59 and a beta of 0.60. NextEra Energy, Inc. has a 12 month low of $74.41 and a 12 month high of $98.75. The firm’s fifty day simple moving average is $80.24 and its 200-day simple moving average is $87.17. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.53 and a quick ratio of 0.45.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, October 21st. The utilities provider reported $1.24 EPS for the quarter, topping the consensus estimate of $1.20 by $0.04. NextEra Energy had a return on equity of 12.27% and a net margin of 40.37%. The firm had revenue of $8.09 billion for the quarter, compared to analyst estimates of $8.47 billion. During the same period last year, the company earned $1.13 earnings per share. NextEra Energy’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Friday, November 27th will be issued a dividend of $0.6232 per share. The ex-dividend date of this dividend is Friday, November 27th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 3.0%. NextEra Energy’s dividend payout ratio is presently 44.86%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Scotiabank lowered their price target on shares of NextEra Energy from $110.00 to $99.00 and set an “outperform” rating on the stock in a report on Wednesday, September 30th. Piper Sandler set a $88.00 price objective on shares of NextEra Energy in a research report on Tuesday, October 20th. Sanford C. Bernstein reiterated an “outperform” rating and set a $108.00 price objective on shares of NextEra Energy in a research note on Wednesday, October 21st. BMO Capital Markets set a $88.00 target price on shares of NextEra Energy and gave the company an “outperform” rating in a research note on Tuesday, October 20th. Finally, HSBC set a $103.00 price target on shares of NextEra Energy in a report on Thursday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus target price of $97.80.

NextEra Energy Company Profile

NextEra Energy, Inc is an energy infrastructure company headquartered in Juno Beach, Florida. Through its businesses, the company generates, transmits, distributes and sells electricity, with a focus on regulated utility operations and clean energy development.

Florida Power & Light Company, NextEra Energy’s principal regulated utility, serves customers across much of Florida. FPL operates electric generation, transmission and distribution infrastructure and provides retail electricity service to residential, commercial and industrial customers.

NextEra Energy Resources develops, owns and operates renewable energy and energy storage projects, including wind and solar facilities.