Tokio Marine Asset Management Co. Ltd. Sells 452 Shares of NextEra Energy, Inc. (NYSE:NEE)

Tokio Marine Asset Management Co. Ltd. lowered its stake in NextEra Energy, Inc. (NYSE:NEE) by 0.5% in the fourth quarter, according to 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 quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in NextEra Energy were worth $5,370,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. BOK Financial Private Wealth Inc. acquired a new stake in NextEra Energy in the fourth quarter valued at approximately $29,000. Alaska Permanent Fund Corp boosted its holdings in shares of NextEra Energy by 59.8% during the 3rd quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 208 shares in the last quarter. Valued Wealth Advisors LLC bought a new stake in NextEra Energy during the 4th quarter worth $34,000. Rakuten Securities Inc. acquired a new position in NextEra Energy in the 4th quarter worth about $34,000. Finally, HBC Financial Services PLLC bought a new position in NextEra Energy in the fourth quarter valued at about $36,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Trading Up 0.5 %

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

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.11. The company had revenue of $5.73 billion during the quarter, compared to analyst estimates of $6.28 billion. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. NextEra Energy’s revenue for the quarter was down 14.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.84 EPS. On average, equities research analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on NEE shares. Wells Fargo & Company upped their price objective on NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Bank of America upped their price target on shares of NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday. Barclays began coverage on shares of NextEra Energy in a report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 price target on the stock. BMO Capital Markets decreased their price objective on NextEra Energy from $77.00 to $68.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $74.00 target price on shares of NextEra Energy in a report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and a consensus target price of $71.21.

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.