NextEra Energy, Inc. $NEE Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 8.8% during the second quarter, Holdings Channel reports. The fund owned 4,203,645 shares of the utilities provider’s stock after acquiring an additional 339,091 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in NextEra Energy were worth $291,817,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of NextEra Energy by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider’s stock worth $14,697,086,000 after purchasing an additional 2,025,193 shares during the period. Northern Trust Corp grew its position in shares of NextEra Energy by 1.1% in the first quarter. Northern Trust Corp now owns 23,353,245 shares of the utilities provider’s stock valued at $1,655,512,000 after purchasing an additional 262,819 shares during the period. Goldman Sachs Group Inc. increased its stake in NextEra Energy by 6.7% in the first quarter. Goldman Sachs Group Inc. now owns 21,269,146 shares of the utilities provider’s stock valued at $1,507,770,000 after purchasing an additional 1,336,259 shares during the last quarter. GQG Partners LLC lifted its position in NextEra Energy by 58.4% during the first quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider’s stock worth $1,221,896,000 after buying an additional 6,352,798 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in NextEra Energy by 20.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider’s stock worth $1,165,748,000 after buying an additional 2,815,629 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NextEra Energy news, EVP Charles E. Sieving sold 11,336 shares of the company’s stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the transaction, the executive vice president owned 167,481 shares in the company, valued at $13,398,480. This represents a 6.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark Lemasney sold 846 shares of the stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction 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. This trade represents a 8.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 23,028 shares of company stock worth $1,738,973 in the last 90 days. 0.18% of the stock is owned by company insiders.

NextEra Energy Price Performance

NEE opened at $83.92 on Friday. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $87.53. The company has a 50 day moving average of $78.17 and a two-hundred day moving average of $73.95. The company has a market cap of $174.76 billion, a P/E ratio of 26.72, a P/E/G ratio of 2.76 and a beta of 0.69. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.30.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.09. The firm had revenue of $7.97 billion during the quarter, compared to the consensus estimate of $8.13 billion. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.03 EPS. On average, analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be given a dividend of $0.5665 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.27 annualized dividend and a yield of 2.7%. NextEra Energy’s payout ratio is 71.97%.

Wall Street Analyst Weigh In

NEE has been the subject of several recent analyst reports. JPMorgan Chase & Co. lifted their price target on NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, August 22nd. TD Cowen started coverage on shares of NextEra Energy in a research report on Thursday, October 16th. They issued a “buy” rating and a $98.00 target price on the stock. New Street Research set a $84.00 target price on shares of NextEra Energy in a report on Monday, October 13th. HSBC dropped their price target on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Friday, July 11th. Finally, Melius Research raised shares of NextEra Energy to a “strong-buy” rating in a research note on Wednesday, August 20th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $90.22.

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.