Asset Management One Co. Ltd. Acquires 42,118 Shares of NextEra Energy, Inc. (NYSE:NEE)

Asset Management One Co. Ltd. lifted its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 4.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,028,582 shares of the utilities provider's stock after buying an additional 42,118 shares during the period. Asset Management One Co. Ltd.'s holdings in NextEra Energy were worth $72,916,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Bellwether Advisors LLC acquired a new stake in shares of NextEra Energy during the 4th quarter worth approximately $30,000. WealthTrak Capital Management LLC bought a new position in NextEra Energy in the fourth quarter worth $33,000. Copia Wealth Management acquired a new stake in NextEra Energy during the fourth quarter worth $36,000. Midwest Capital Advisors LLC bought a new stake in NextEra Energy in the 4th quarter valued at $44,000. Finally, Promus Capital LLC bought a new position in shares of NextEra Energy during the 4th quarter worth about $45,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NEE. Morgan Stanley lowered their target price on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 18th. UBS Group dropped their target price on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a report on Friday, May 23rd. BMO Capital Markets decreased their price target on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. upped their price target on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. Finally, Barclays dropped their price objective on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 29th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $84.50.

NextEra Energy Price Performance

Shares of NextEra Energy stock traded down $1.01 during trading on Wednesday, reaching $70.39. The company's stock had a trading volume of 11,684,240 shares, compared to its average volume of 10,980,111. The stock has a 50-day moving average price of $69.71 and a two-hundred day moving average price of $70.22. The stock has a market capitalization of $144.91 billion, a P/E ratio of 26.36, a price-to-earnings-growth ratio of 2.49 and a beta of 0.68. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.32. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10.

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

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's payout ratio is 85.02%.

Insider Activity

In other news, EVP Charles E. Sieving sold 23,684 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $13,777,190. This represents a 10.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.18% of the stock is currently owned by company insiders.

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.