NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. lowered its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 88,416 shares of the utilities provider’s stock after selling 452 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in NextEra Energy were worth $5,370,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Greenfield Savings Bank boosted its stake in NextEra Energy by 0.5% during the fourth quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock valued at $1,957,000 after buying an additional 163 shares in the last quarter. Bay Harbor Wealth Management LLC grew its position in NextEra Energy by 22.7% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 930 shares of the utilities provider’s stock worth $56,000 after buying an additional 172 shares during the last quarter. MKT Advisors LLC increased its holdings in shares of NextEra Energy by 2.9% in the fourth quarter. MKT Advisors LLC now owns 6,233 shares of the utilities provider’s stock valued at $387,000 after buying an additional 173 shares in the last quarter. Meritage Portfolio Management lifted its position in shares of NextEra Energy by 3.9% during the 3rd quarter. Meritage Portfolio Management now owns 4,701 shares of the utilities provider’s stock valued at $269,000 after acquiring an additional 177 shares during the last quarter. Finally, First Pacific Financial boosted its stake in shares of NextEra Energy by 2.0% during the 4th quarter. First Pacific Financial now owns 8,885 shares of the utilities provider’s stock worth $540,000 after acquiring an additional 177 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on NEE shares. Mizuho boosted their target price on NextEra Energy from $67.00 to $71.00 and gave the stock a “buy” rating in a research report on Wednesday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $74.00 price objective on shares of NextEra Energy in a research note on Tuesday, January 30th. Scotiabank raised their target price on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a report on Monday. Guggenheim boosted their price target on shares of NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a report on Monday, January 22nd. Finally, Morgan Stanley upped their price target on shares of NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and an average price target of $71.21.

NextEra Energy Stock Up 0.5 %

Shares of NYSE NEE traded up $0.36 during mid-day trading on Wednesday, reaching $66.56. The company had a trading volume of 12,029,632 shares, compared to its average volume of 11,942,938. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.47 and a current ratio of 0.55. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $79.10. The stock’s 50 day moving average is $60.47 and its 200-day moving average is $58.89. The stock has a market capitalization of $136.61 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 2.35 and a beta of 0.51.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.11. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. The company had revenue of $5.73 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same period in the prior year, the firm posted $0.84 EPS. The business’s revenue was down 14.7% compared to the same quarter last year. As a group, equities analysts anticipate that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were paid a $0.515 dividend. The ex-dividend date was Monday, February 26th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 dividend on an annualized basis and a yield of 3.09%. NextEra Energy’s payout ratio is 57.06%.

NextEra Energy 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.