Mitsubishi UFJ Trust & Banking Corp Reduces Holdings in NextEra Energy, Inc. $NEE

Mitsubishi UFJ Trust & Banking Corp cut its holdings in NextEra Energy, Inc. (NYSE:NEE) by 15.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,595,152 shares of the utilities provider’s stock after selling 491,497 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in NextEra Energy were worth $180,155,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in NEE. Vanguard Group Inc. lifted its stake in shares of NextEra Energy by 1.0% in the first quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider’s stock worth $14,697,086,000 after buying an additional 2,025,193 shares in the last quarter. Northern Trust Corp boosted its position in NextEra Energy by 1.1% in the first quarter. Northern Trust Corp now owns 23,353,245 shares of the utilities provider’s stock worth $1,655,512,000 after purchasing an additional 262,819 shares during the last quarter. Goldman Sachs Group Inc. grew its position in NextEra Energy by 6.7% during 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 buying an additional 1,336,259 shares during the period. GQG Partners LLC increased 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 worth $1,221,896,000 after purchasing an additional 6,352,798 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of NextEra Energy by 20.7% in 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. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

NEE has been the subject of a number of research analyst reports. UBS Group reaffirmed a “buy” rating and set a $96.00 price objective (up from $84.00) on shares of NextEra Energy in a report on Wednesday, October 29th. TD Cowen started coverage on NextEra Energy in a research report on Thursday, October 16th. They set a “buy” rating and a $98.00 target price on the stock. BTIG Research reaffirmed a “buy” rating on shares of NextEra Energy in a research note on Monday, October 27th. Cowen started coverage on shares of NextEra Energy in a research report on Wednesday, October 15th. They issued a “buy” rating for the company. Finally, Citigroup reissued a “buy” rating and set a $96.00 price target (up previously from $84.00) on shares of NextEra Energy in a research report on Wednesday, October 29th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $90.22.

Insider Activity at NextEra Energy

In related news, EVP Charles E. Sieving sold 11,336 shares of the stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $80.00, for a total transaction of $906,880.00. Following the transaction, the executive vice president owned 167,481 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. Also, EVP Mark Lemasney sold 846 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the sale, the executive vice president directly owned 9,267 shares in the company, valued at approximately $694,098.30. The trade was a 8.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 23,028 shares of company stock worth $1,738,973. Insiders own 0.18% of the company’s stock.

NextEra Energy Stock Up 1.2%

NextEra Energy stock opened at $85.81 on Wednesday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45. The business has a 50 day simple moving average of $78.69 and a 200-day simple moving average of $74.32. The stock has a market capitalization of $178.71 billion, a PE ratio of 27.33, a price-to-earnings-growth ratio of 2.76 and a beta of 0.69. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $87.53.

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

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be given a dividend of $0.5665 per share. The ex-dividend date is Friday, November 21st. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.6%. NextEra Energy’s dividend payout ratio (DPR) is currently 71.97%.

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.