NextEra Energy, Inc. (NEE) Position Raised by Meiji Yasuda Life Insurance Co
Meiji Yasuda Life Insurance Co boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,401 shares of the utilities provider’s stock after purchasing an additional 690 shares during the period. NextEra Energy makes up 0.6% of Meiji Yasuda Life Insurance Co’s portfolio, making the stock its 27th biggest position. Meiji Yasuda Life Insurance Co’s holdings in NextEra Energy were worth $3,980,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. acquired a new stake in NextEra Energy during the 2nd quarter valued at $1,289,000. Salem Investment Counselors Inc. grew its holdings in NextEra Energy by 12.7% during the 1st quarter. Salem Investment Counselors Inc. now owns 9,001 shares of the utilities provider’s stock valued at $1,154,000 after purchasing an additional 1,012 shares in the last quarter. NGAM Advisors L.P. grew its holdings in NextEra Energy by 8.9% during the 2nd quarter. NGAM Advisors L.P. now owns 63,026 shares of the utilities provider’s stock valued at $8,832,000 after purchasing an additional 5,175 shares in the last quarter. Capital One National Association grew its holdings in NextEra Energy by 30.9% during the 2nd quarter. Capital One National Association now owns 21,617 shares of the utilities provider’s stock valued at $3,030,000 after purchasing an additional 5,099 shares in the last quarter. Finally, M. Kraus & Co grew its holdings in NextEra Energy by 4.7% during the 2nd quarter. M. Kraus & Co now owns 35,026 shares of the utilities provider’s stock valued at $4,908,000 after purchasing an additional 1,568 shares in the last quarter. 75.37% of the stock is owned by institutional investors and hedge funds.
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In other NextEra Energy news, EVP Charles E. Sieving sold 30,485 shares of the business’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $146.56, for a total value of $4,467,881.60. Following the sale, the executive vice president now owns 78,167 shares of the company’s stock, valued at approximately $11,456,155.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director James L. Robo sold 30,000 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $147.05, for a total transaction of $4,411,500.00. The disclosure for this sale can be found here. Insiders sold a total of 65,385 shares of company stock worth $9,614,382 in the last three months. Insiders own 0.53% of the company’s stock.
NextEra Energy, Inc. (NEE) opened at 154.16 on Friday. The stock has a 50 day moving average of $149.01 and a 200 day moving average of $142.61. NextEra Energy, Inc. has a 12-month low of $110.49 and a 12-month high of $154.24. The firm has a market capitalization of $72.34 billion, a price-to-earnings ratio of 17.66 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.76 by $0.10. The firm had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.44 billion. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The business’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.67 EPS. Equities research analysts anticipate that NextEra Energy, Inc. will post $6.76 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be issued a $0.9825 dividend. This represents a $3.93 annualized dividend and a yield of 2.55%. The ex-dividend date is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is presently 45.02%.
A number of research firms recently weighed in on NEE. Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Friday, October 13th. KeyCorp reaffirmed a “buy” rating and set a $155.00 price target on shares of NextEra Energy in a report on Friday, September 1st. J P Morgan Chase & Co set a $169.00 price target on shares of NextEra Energy and gave the company a “hold” rating in a report on Thursday, October 12th. Morgan Stanley raised their price target on shares of NextEra Energy from $167.00 to $169.00 and gave the company an “overweight” rating in a report on Friday, September 8th. Finally, BidaskClub raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $153.75.
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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