FUKOKU MUTUAL LIFE INSURANCE Co Boosts Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

FUKOKU MUTUAL LIFE INSURANCE Co increased its position in NextEra Energy, Inc. (NYSE:NEE) by 0.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 459,857 shares of the utilities provider’s stock after buying an additional 2,178 shares during the quarter. NextEra Energy comprises approximately 2.8% of FUKOKU MUTUAL LIFE INSURANCE Co’s holdings, making the stock its 6th largest position. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in NextEra Energy were worth $38,872,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Legal & General Group Plc raised its position in shares of NextEra Energy by 0.7% during the second quarter. Legal & General Group Plc now owns 21,298,642 shares of the utilities provider’s stock worth $1,508,155,000 after purchasing an additional 143,748 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in NextEra Energy by 9.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 8,178,185 shares of the utilities provider’s stock valued at $579,097,000 after buying an additional 691,341 shares during the period. Raymond James & Associates boosted its holdings in NextEra Energy by 14.3% in the third quarter. Raymond James & Associates now owns 6,809,093 shares of the utilities provider’s stock worth $575,573,000 after acquiring an additional 851,873 shares in the last quarter. Principal Financial Group Inc. lifted its stake in NextEra Energy by 7.2% during the 2nd quarter. Principal Financial Group Inc. now owns 6,100,348 shares of the utilities provider’s stock valued at $431,966,000 after acquiring an additional 409,708 shares in the last quarter. Finally, Bahl & Gaynor Inc. lifted its position in shares of NextEra Energy by 6.9% during the 2nd quarter. Bahl & Gaynor Inc. now owns 5,981,760 shares of the utilities provider’s stock valued at $423,568,000 after buying an additional 388,149 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Price Performance

Shares of NEE opened at $75.28 on Friday. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10. The firm’s fifty day simple moving average is $81.70 and its 200-day simple moving average is $77.36. The firm has a market capitalization of $154.81 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 2.68 and a beta of 0.57.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.05. The company had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $0.94 EPS. Equities analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio is presently 60.95%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. BMO Capital Markets upped their price target on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Morgan Stanley boosted their price objective on shares of NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Jefferies Financial Group initiated coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $87.00 target price for the company. Finally, Scotiabank raised their price objective on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Hold” and a consensus target price of $86.54.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the sale, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This represents a 20.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

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.