Mizuho Markets Americas LLC Raises Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Mizuho Markets Americas LLC lifted its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 18.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,439,904 shares of the utilities provider's stock after buying an additional 372,766 shares during the quarter. NextEra Energy makes up 4.3% of Mizuho Markets Americas LLC's holdings, making the stock its 4th largest position. Mizuho Markets Americas LLC owned about 0.12% of NextEra Energy worth $206,245,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Proffitt & Goodson Inc. increased its stake in NextEra Energy by 64.0% during the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider's stock worth $26,000 after acquiring an additional 144 shares during the last quarter. Semmax Financial Advisors Inc. lifted its holdings in NextEra Energy by 197.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider's stock worth $26,000 after buying an additional 225 shares during the last quarter. Reston Wealth Management LLC purchased a new stake in shares of NextEra Energy in the 3rd quarter valued at about $27,000. Valley Wealth Managers Inc. purchased a new stake in shares of NextEra Energy in the 2nd quarter valued at about $33,000. Finally, Maryland Capital Advisors Inc. purchased a new stake in NextEra Energy during the 3rd quarter valued at approximately $39,000. Hedge funds and other institutional investors own 78.72% of the company's stock.

NextEra Energy Trading Up 1.4 %

NYSE NEE traded up $1.07 during trading hours on Friday, hitting $76.35. The company's stock had a trading volume of 12,930,527 shares, compared to its average volume of 10,952,575. The stock has a fifty day moving average of $81.53 and a 200 day moving average of $77.41. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10. The firm has a market capitalization of $157.01 billion, a P/E ratio of 22.59, a PEG ratio of 2.68 and a beta of 0.57. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.98 by $0.05. The firm had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The business's quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.94 earnings per share. Equities research analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Friday, November 22nd. NextEra Energy's payout ratio is 60.95%.

Insider Buying and Selling

In related news, EVP Nicole J. Daggs sold 4,007 shares of the company's stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the transaction, the executive vice president now directly owns 15,792 shares in the company, valued at $1,193,401.44. This represents a 20.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

NEE has been the topic of several recent analyst reports. Barclays boosted their target price on NextEra Energy from $80.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Friday, October 25th. Wells Fargo & Company increased their price target on NextEra Energy from $95.00 to $102.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 3rd. BMO Capital Markets increased their target price on NextEra Energy from $83.00 to $91.00 and gave the stock an "outperform" rating in a research report on Friday, October 18th. Morgan Stanley increased their price target on NextEra Energy from $87.00 to $90.00 and gave the company an "overweight" rating in a report on Wednesday, September 25th. Finally, Royal Bank of Canada downgraded NextEra Energy from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, October 22nd. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $86.54.

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.