Mirae Asset Global Investments Co. Ltd. Has $22.17 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Mirae Asset Global Investments Co. Ltd. grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 50.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 329,409 shares of the utilities provider's stock after buying an additional 109,806 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in NextEra Energy were worth $22,168,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NEE. Tortoise Investment Management LLC raised its position in shares of NextEra Energy by 8.3% during the fourth quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider's stock worth $139,000 after purchasing an additional 149 shares during the period. Anchor Capital Advisors LLC raised its position in shares of NextEra Energy by 5.1% during the fourth quarter. Anchor Capital Advisors LLC now owns 3,105 shares of the utilities provider's stock worth $223,000 after purchasing an additional 150 shares during the period. Cim LLC raised its position in shares of NextEra Energy by 0.5% during the fourth quarter. Cim LLC now owns 33,434 shares of the utilities provider's stock worth $2,397,000 after purchasing an additional 158 shares during the period. Investment Partners LTD. raised its position in shares of NextEra Energy by 4.9% during the fourth quarter. Investment Partners LTD. now owns 3,376 shares of the utilities provider's stock worth $242,000 after purchasing an additional 159 shares during the period. Finally, Exencial Wealth Advisors LLC raised its position in shares of NextEra Energy by 1.3% during the fourth quarter. Exencial Wealth Advisors LLC now owns 12,080 shares of the utilities provider's stock worth $866,000 after purchasing an additional 160 shares during the period. Institutional investors own 78.72% of the company's stock.

Analyst Upgrades and Downgrades

NEE has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their target price on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. Morgan Stanley dropped their target price on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research report on Wednesday, June 18th. Barclays lowered their price target on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 29th. Erste Group Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Finally, BMO Capital Markets lowered their price target on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Seven 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 stock presently has an average rating of "Moderate Buy" and an average price target of $84.55.

Insider Activity at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of the business's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $70.00, for a total value of $1,657,880.00. Following the completion of the sale, the executive vice president now directly owns 196,817 shares in the company, valued at $13,777,190. The trade was a 10.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.20% of the stock is currently owned by corporate insiders.

NextEra Energy Stock Performance

Shares of NYSE NEE traded down $0.04 during midday trading on Friday, hitting $70.96. 14,274,070 shares of the company's stock were exchanged, compared to its average volume of 10,931,900. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.32. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The company's 50 day moving average price is $69.99 and its 200 day moving average price is $70.14. The firm has a market capitalization of $146.07 billion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 2.50 and a beta of 0.68.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting the consensus estimate of $0.99. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The company had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.58 billion. During the same period in the previous year, the company posted $0.91 EPS. The firm's revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $0.5665 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.27 annualized dividend and a yield of 3.19%. NextEra Energy's dividend payout ratio (DPR) is presently 85.02%.

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.