Mitsubishi UFJ Asset Management UK Ltd. Lowers Holdings in NextEra Energy, Inc. (NYSE:NEE)

Key Points

• Mitsubishi UFJ Asset Management UK Ltd. has reduced its stake in NextEra Energy, Inc. by 20.8%, resulting in ownership of 19,000 shares worth approximately $1.35 million.
• Multiple hedge funds, including GQG Partners LLC, have significantly increased their holdings in NextEra Energy, indicating strong institutional interest in the stock.
• NextEra Energy announced a quarterly dividend of $0.5665 per share, reflecting a 3.1% yield, with a dividend payout ratio of 79.37%.

Mitsubishi UFJ Asset Management UK Ltd. decreased its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 20.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,000 shares of the utilities provider's stock after selling 5,000 shares during the quarter. Mitsubishi UFJ Asset Management UK Ltd.'s holdings in NextEra Energy were worth $1,347,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of NEE. GQG Partners LLC boosted its position in NextEra Energy by 58.4% during the first quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider's stock worth $1,221,896,000 after purchasing an additional 6,352,798 shares in the last quarter. Two Sigma Advisers LP purchased a new position in NextEra Energy during the fourth quarter worth approximately $240,269,000. Charles Schwab Investment Management Inc. boosted its position in NextEra Energy by 20.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider's stock worth $1,165,748,000 after purchasing an additional 2,815,629 shares in the last quarter. GAMMA Investing LLC boosted its position in NextEra Energy by 8,456.8% during the first quarter. GAMMA Investing LLC now owns 2,458,536 shares of the utilities provider's stock worth $174,286,000 after purchasing an additional 2,429,804 shares in the last quarter. Finally, Northern Trust Corp boosted its position in NextEra Energy by 9.6% during the fourth quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider's stock worth $1,655,353,000 after purchasing an additional 2,030,331 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

NextEra Energy Trading Up 0.6%

NEE opened at $72.26 on Thursday. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The business has a fifty day simple moving average of $72.67 and a 200-day simple moving average of $70.59. The firm has a market cap of $148.80 billion, a P/E ratio of 25.27, a P/E/G ratio of 2.47 and a beta of 0.63. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%. The business had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.52 billion. During the same period last year, the business posted $0.96 earnings per share. The company's quarterly revenue was up 10.4% on a year-over-year basis. On average, equities analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Thursday, August 28th will be issued a $0.5665 dividend. The ex-dividend date is Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.1%. NextEra Energy's dividend payout ratio (DPR) is 79.37%.

Insiders Place Their Bets

In related news, EVP Robert Coffey sold 7,500 shares of NextEra Energy stock in a transaction on Monday, July 28th. The stock was sold at an average price of $71.84, for a total value of $538,800.00. Following the completion of the transaction, the executive vice president directly owned 26,539 shares in the company, valued at approximately $1,906,561.76. This trade represents a 22.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of NextEra Energy stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the transaction, the treasurer owned 27,662 shares of the company's stock, valued at approximately $2,143,805. This trade represents a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.20% of the company's stock.

Analyst Ratings Changes

NEE has been the subject of a number of research analyst reports. Erste Group Bank cut NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. UBS Group cut their price target on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a report on Friday, May 23rd. HSBC cut their price target on NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a report on Friday, July 11th. JPMorgan Chase & Co. cut their price target on NextEra Energy from $86.00 to $82.00 in a report on Thursday, July 3rd. Finally, Barclays increased their price target on NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $84.42.

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.

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