Mirae Asset Global Investments Co. Ltd. Has $16.41 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Mirae Asset Global Investments Co. Ltd. cut its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 77.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 202,286 shares of the utilities provider’s stock after selling 709,399 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in NextEra Energy were worth $16,414,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in NEE. Intech Investment Management LLC boosted its holdings in NextEra Energy by 35.7% during the first quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider’s stock valued at $6,411,000 after purchasing an additional 26,382 shares in the last quarter. Border to Coast Pensions Partnership Ltd boosted its holdings in NextEra Energy by 2.2% during the third quarter. Border to Coast Pensions Partnership Ltd now owns 1,216,077 shares of the utilities provider’s stock valued at $102,495,000 after purchasing an additional 26,270 shares in the last quarter. Ancora Advisors LLC boosted its holdings in NextEra Energy by 10.6% during the first quarter. Ancora Advisors LLC now owns 79,994 shares of the utilities provider’s stock valued at $5,112,000 after purchasing an additional 7,677 shares in the last quarter. Magnolia Capital Advisors LLC boosted its holdings in NextEra Energy by 1,224.3% during the second quarter. Magnolia Capital Advisors LLC now owns 72,453 shares of the utilities provider’s stock valued at $5,130,000 after purchasing an additional 66,982 shares in the last quarter. Finally, Raymond James & Associates boosted its holdings in NextEra Energy by 57.0% during the second quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock valued at $421,831,000 after purchasing an additional 2,163,437 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NEE has been the topic of a number of recent research reports. Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Morgan Stanley lifted their price objective on NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Barclays boosted their target price on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday. Bank of America boosted their target price on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Finally, BMO Capital Markets boosted their target price on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, NextEra Energy presently has an average rating of “Hold” and an average price target of $86.54.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the sale, the executive vice president now owns 100 shares in the company, valued at approximately $7,697. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

NEE stock opened at $81.43 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. The company has a 50 day moving average price of $82.36 and a 200 day moving average price of $76.20. NextEra Energy, Inc. has a fifty-two week low of $53.81 and a fifty-two week high of $86.10. The stock has a market capitalization of $167.37 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 3.03 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.05. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The firm had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. During the same quarter in the previous year, the company posted $0.94 EPS. NextEra Energy’s revenue was up 5.5% on a year-over-year basis. Analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s payout ratio is 66.88%.

NextEra Energy Company 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.