Sumitomo Mitsui DS Asset Management Company Ltd Raises Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 398,887 shares of the utilities provider’s stock after acquiring an additional 15,627 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in NextEra Energy were worth $28,596,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. raised its position in NextEra Energy by 0.4% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,730,613 shares of the utilities provider’s stock valued at $339,138,000 after purchasing an additional 19,212 shares during the period. RNC Capital Management LLC purchased a new stake in shares of NextEra Energy in the 4th quarter valued at $210,000. Strategic Financial Concepts LLC purchased a new stake in shares of NextEra Energy in the 4th quarter valued at $4,343,000. Ledyard National Bank lifted its stake in NextEra Energy by 1.3% during the 4th quarter. Ledyard National Bank now owns 48,341 shares of the utilities provider’s stock worth $3,466,000 after acquiring an additional 634 shares in the last quarter. Finally, Consolidated Portfolio Review Corp boosted its holdings in NextEra Energy by 20.5% during the 4th quarter. Consolidated Portfolio Review Corp now owns 7,179 shares of the utilities provider’s stock valued at $515,000 after acquiring an additional 1,220 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NEE has been the topic of several research reports. Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Barclays increased their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Jefferies Financial Group dropped their price target on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. JPMorgan Chase & Co. reduced their price objective on NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Finally, Scotiabank boosted their target price on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $85.85.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction that occurred 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 sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by insiders.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $69.18 on Friday. The stock’s 50-day simple moving average is $72.06 and its 200-day simple moving average is $77.07. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The firm has a market capitalization of $142.25 billion, a PE ratio of 20.53, a price-to-earnings-growth ratio of 2.50 and a beta of 0.58. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy 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.