Mitsubishi UFJ Asset Management UK Ltd. Has $486,000 Position in NextEra Energy, Inc. $NEE

Key Points

• Mitsubishi UFJ Asset Management UK Ltd. reduced its position in NextEra Energy by 63.2%, selling 12,000 shares and retaining 7,000 shares worth $486,000.
• The firm recently declared a quarterly dividend of $0.5665 per share, which translates to an annualized yield of 3.0% with a payout ratio of 79.37%.
• NextEra Energy reported earnings of $1.05 per share for the last quarter, exceeding analysts' expectations, despite a revenue of $6.70 billion that fell short of forecasts.

Mitsubishi UFJ Asset Management UK Ltd. lessened its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 63.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,000 shares of the utilities provider's stock after selling 12,000 shares during the quarter. Mitsubishi UFJ Asset Management UK Ltd.'s holdings in NextEra Energy were worth $486,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. 1 North Wealth Services LLC bought a new position in NextEra Energy during the first quarter valued at approximately $26,000. Nova Wealth Management Inc. bought a new position in NextEra Energy during the first quarter valued at approximately $32,000. IMA Advisory Services Inc. bought a new position in NextEra Energy during the first quarter valued at approximately $35,000. Semmax Financial Advisors Inc. raised its position in NextEra Energy by 335.0% during the first quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider's stock valued at $36,000 after acquiring an additional 392 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC raised its position in NextEra Energy by 237.7% during the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock valued at $37,000 after acquiring an additional 366 shares in the last quarter. Institutional investors own 78.72% of the company's stock.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Mark Lemasney sold 846 shares of NextEra Energy stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction of $63,365.40. Following the sale, the executive vice president owned 9,267 shares in the company, valued at $694,098.30. The trade was a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Treasurer James Michael May sold 2,177 shares of NextEra Energy stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the sale, the treasurer owned 27,662 shares in the company, valued at $2,143,805. This represents a 7.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,369 shares of company stock worth $1,539,610 over the last three months. 0.18% of the stock is currently owned by corporate insiders.

NextEra Energy Trading Down 0.9%

Shares of NEE stock opened at $75.50 on Wednesday. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The firm's fifty day simple moving average is $72.59 and its 200 day simple moving average is $71.12. The firm has a market capitalization of $155.48 billion, a P/E ratio of 26.40, a price-to-earnings-growth ratio of 2.62 and a beta of 0.65. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. During the same quarter in the previous year, the firm posted $0.96 earnings per share. NextEra Energy's revenue was up 10.4% compared to the same quarter last year. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were paid a dividend of $0.5665 per share. The ex-dividend date was Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.0%. NextEra Energy's payout ratio is currently 79.37%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Barclays raised their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. BMO Capital Markets raised their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Morgan Stanley reissued an "overweight" rating and issued a $95.00 price target (down previously from $96.00) on shares of NextEra Energy in a research report on Thursday, September 25th. Mizuho set a $78.00 price target on shares of NextEra Energy in a research report on Thursday, August 21st. Finally, JPMorgan Chase & Co. lifted their price target on shares of NextEra Energy from $86.00 to $87.00 and gave the company an "overweight" rating in a research report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $84.08.

NextEra Energy 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.