Resona Asset Management Co. Ltd. Takes Position in NextEra Energy, Inc. (NYSE:NEE)

Resona Asset Management Co. Ltd. acquired a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 610,025 shares of the utilities provider's stock, valued at approximately $43,776,000.

A number of other hedge funds have also modified their holdings of NEE. Empowered Funds LLC lifted its stake in NextEra Energy by 14.7% in the fourth quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider's stock valued at $3,267,000 after buying an additional 5,831 shares in the last quarter. Empower Advisory Group LLC raised its position in NextEra Energy by 2.3% during the fourth quarter. Empower Advisory Group LLC now owns 1,823,327 shares of the utilities provider's stock worth $130,714,000 after acquiring an additional 41,328 shares in the last quarter. Nordea Investment Management AB lifted its stake in NextEra Energy by 20.9% in the fourth quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider's stock valued at $634,703,000 after acquiring an additional 1,525,436 shares during the last quarter. Czech National Bank grew its position in shares of NextEra Energy by 6.5% in the 4th quarter. Czech National Bank now owns 445,870 shares of the utilities provider's stock valued at $31,964,000 after acquiring an additional 27,340 shares during the period. Finally, ST Germain D J Co. Inc. increased its stake in shares of NextEra Energy by 5.8% during the 4th quarter. ST Germain D J Co. Inc. now owns 171,735 shares of the utilities provider's stock worth $12,312,000 after purchasing an additional 9,425 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the completion of the sale, the chief accounting officer now directly owns 27,427 shares in the company, valued at $1,867,504.43. This represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.18% of the company's stock.

NextEra Energy Price Performance

Shares of NextEra Energy stock traded down $1.48 during midday trading on Thursday, hitting $66.10. 5,363,202 shares of the company traded hands, compared to its average volume of 10,784,139. The firm's fifty day moving average price is $70.06 and its 200-day moving average price is $74.10. The stock has a market cap of $136.08 billion, a price-to-earnings ratio of 19.55, a PEG ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 12 month low of $61.31 and a 12 month high of $86.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting analysts' consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. As a group, sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a dividend of $0.5665 per share. This is a positive change from NextEra Energy's previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a yield of 3.43%. The ex-dividend date was Friday, February 28th. NextEra Energy's dividend payout ratio (DPR) is currently 67.06%.

Analyst Ratings Changes

A number of research firms recently commented on NEE. Scotiabank lifted their price target on NextEra Energy from $92.00 to $96.00 and gave the stock a "sector outperform" rating in a report on Thursday, December 12th. Guggenheim reissued a "buy" rating and set a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. JPMorgan Chase & Co. raised their price target on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. Jefferies Financial Group reduced their price objective on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Finally, BMO Capital Markets upped their price objective on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, NextEra Energy currently has a consensus rating of "Hold" and an average target price of $85.92.

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.