NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd reduced its position in NextEra Energy, Inc. (NYSE:NEE) by 10.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 209,847 shares of the utilities provider’s stock after selling 25,507 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in NextEra Energy were worth $17,738,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. International Assets Investment Management LLC raised its position in NextEra Energy by 8,641.5% in the third quarter. International Assets Investment Management LLC now owns 3,861,208 shares of the utilities provider’s stock worth $326,388,000 after acquiring an additional 3,817,037 shares in the last quarter. Zimmer Partners LP lifted its stake in shares of NextEra Energy by 8,447.5% in the first quarter. Zimmer Partners LP now owns 2,735,200 shares of the utilities provider’s stock valued at $174,807,000 after purchasing an additional 2,703,200 shares during the period. Assenagon Asset Management S.A. grew its position in NextEra Energy by 4,058.2% during the third quarter. Assenagon Asset Management S.A. now owns 2,366,795 shares of the utilities provider’s stock worth $200,065,000 after buying an additional 2,309,876 shares during the period. Raymond James & Associates increased its holdings in NextEra Energy by 57.0% in the second quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock valued at $421,831,000 after buying an additional 2,163,437 shares in the last quarter. Finally, LGT Group Foundation increased its stake in NextEra Energy by 962.8% in the 2nd quarter. LGT Group Foundation now owns 1,514,482 shares of the utilities provider’s stock valued at $107,240,000 after purchasing an additional 1,371,982 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Scotiabank raised their price target on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Bank of America lifted their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Barclays increased their target price on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Finally, Jefferies Financial Group assumed coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $87.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $86.85.

NextEra Energy Trading Up 0.8 %

Shares of NEE stock opened at $76.64 on Tuesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The firm has a fifty day moving average of $80.74 and a 200-day moving average of $77.76. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10. The stock has a market cap of $157.60 billion, a price-to-earnings ratio of 22.67, a P/E/G ratio of 2.75 and a beta of 0.57.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share 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 for the quarter, compared to the consensus estimate of $8.11 billion. During the same period in the previous year, the business earned $0.94 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be given a $0.515 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a yield of 2.69%. NextEra Energy’s dividend payout ratio (DPR) is presently 60.95%.

Insiders Place Their Bets

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the transaction, the executive vice president now owns 15,792 shares in the company, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.18% of the company’s stock.

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.