Mitsubishi UFJ Asset Management UK Ltd. Has $486,000 Stock Holdings in NextEra Energy, Inc. $NEE

Mitsubishi UFJ Asset Management UK Ltd. lessened its position in NextEra Energy, Inc. (NYSE:NEE) by 63.2% during the 2nd quarter, Holdings Channel reports. The firm owned 7,000 shares of the utilities provider’s stock after selling 12,000 shares during the quarter. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in NextEra Energy were worth $486,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of NextEra Energy by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider’s stock valued at $14,697,086,000 after purchasing an additional 2,025,193 shares in the last quarter. Northern Trust Corp boosted its stake in shares of NextEra Energy by 1.1% in the 1st 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 in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of NextEra Energy by 6.7% in the 1st 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 in the last quarter. GQG Partners LLC boosted its stake in shares of NextEra Energy by 58.4% in the 1st quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider’s stock valued at $1,221,896,000 after purchasing an additional 6,352,798 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of NextEra Energy by 20.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider’s stock valued at $1,165,748,000 after purchasing an additional 2,815,629 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on NEE shares. Mizuho set a $78.00 price target on NextEra Energy in a report on Thursday, August 21st. HSBC cut their price target on NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a report on Friday, July 11th. Barclays lifted their price target on NextEra Energy from $65.00 to $67.00 and gave the company an “equal weight” rating in a report on Thursday, July 10th. 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. Finally, Melius Research raised NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $84.08.

NextEra Energy Stock Performance

NextEra Energy stock opened at $75.50 on Wednesday. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The company has a market cap of $155.48 billion, a PE ratio of 26.40, a PEG ratio of 2.62 and a beta of 0.65. The company’s 50-day moving average is $72.59 and its two-hundred day moving average is $71.12.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. During the same period in the prior year, the company posted $0.96 EPS. The company’s revenue was up 10.4% compared to the same quarter last year. Equities analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were given a dividend of $0.5665 per share. The ex-dividend date was Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.0%. NextEra Energy’s dividend payout ratio is presently 79.37%.

Insider Buying and Selling at NextEra Energy

In related news, EVP Robert Coffey sold 7,500 shares of the stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $71.84, for a total value of $538,800.00. Following the sale, the executive vice president directly owned 26,539 shares in the company, valued at $1,906,561.76. This trade represents a 22.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Michael Dunne sold 10,000 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $70.79, for a total transaction of $707,900.00. Following the completion of the sale, the executive vice president owned 62,064 shares in the company, valued at $4,393,510.56. This represents a 13.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,369 shares of company stock valued at $1,539,610. 0.18% of the stock is currently owned by company insiders.

About NextEra Energy

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.