Sumitomo Mitsui Trust Group Inc. Lowers Position in NextEra Energy, Inc. (NYSE:NEE)

Sumitomo Mitsui Trust Group Inc. trimmed its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 2.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,711,401 shares of the utilities provider's stock after selling 106,600 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.23% of NextEra Energy worth $398,255,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP bought a new position in NextEra Energy during the third quarter worth $406,000. Harbour Investments Inc. lifted its stake in shares of NextEra Energy by 2.1% during the 3rd quarter. Harbour Investments Inc. now owns 17,335 shares of the utilities provider's stock worth $1,465,000 after buying an additional 358 shares during the last quarter. Apollon Wealth Management LLC grew its stake in NextEra Energy by 1.3% in the 3rd quarter. Apollon Wealth Management LLC now owns 85,901 shares of the utilities provider's stock valued at $7,261,000 after buying an additional 1,067 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its holdings in NextEra Energy by 13.5% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 60,580 shares of the utilities provider's stock valued at $5,121,000 after acquiring an additional 7,229 shares during the period. Finally, Laffer Tengler Investments Inc. lifted its position in NextEra Energy by 902.5% during the third quarter. Laffer Tengler Investments Inc. now owns 44,119 shares of the utilities provider's stock worth $3,729,000 after acquiring an additional 39,718 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on NEE. Wells Fargo & Company lifted their price target on NextEra Energy from $95.00 to $102.00 and gave the stock an "overweight" rating in a report on Tuesday, September 3rd. Scotiabank boosted their price objective on shares of NextEra Energy from $73.00 to $92.00 and gave the company a "sector outperform" rating in a report on Tuesday, August 20th. Royal Bank of Canada cut shares of NextEra Energy from a "moderate buy" rating to a "hold" rating in a report on Tuesday, October 22nd. Guggenheim increased their price target on NextEra Energy from $90.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Finally, Jefferies Financial Group began coverage on NextEra Energy in a report on Thursday, September 19th. They issued a "hold" rating and a $87.00 price objective for the company. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $86.54.

NextEra Energy Stock Down 2.3 %

Shares of NYSE NEE traded down $1.71 during trading on Tuesday, hitting $74.20. The stock had a trading volume of 6,740,242 shares, compared to its average volume of 10,895,785. NextEra Energy, Inc. has a 12 month low of $53.81 and a 12 month high of $86.10. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. The firm has a fifty day moving average of $81.95 and a two-hundred day moving average of $77.33. The company has a market capitalization of $152.59 billion, a PE ratio of 22.46, a PEG ratio of 2.78 and a beta of 0.57.

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

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date is Friday, November 22nd. NextEra Energy's dividend payout ratio is currently 60.95%.

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.