Tokio Marine Asset Management Co. Ltd. Acquires 2,992 Shares of NextEra Energy, Inc. (NYSE:NEE)

Tokio Marine Asset Management Co. Ltd. lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 95,926 shares of the utilities provider’s stock after buying an additional 2,992 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in NextEra Energy were worth $8,109,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. M&G Plc purchased a new position in NextEra Energy during the 1st quarter valued at $303,065,000. International Assets Investment Management LLC increased its stake in shares of NextEra Energy by 8,641.5% in the 3rd 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 boosted its stake in NextEra Energy by 8,447.5% during the first quarter. Zimmer Partners LP now owns 2,735,200 shares of the utilities provider’s stock worth $174,807,000 after acquiring an additional 2,703,200 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of NextEra Energy by 4,058.2% in 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 acquiring an additional 2,309,876 shares during the last quarter. Finally, Raymond James & Associates raised its position in shares of NextEra Energy by 57.0% in the 2nd quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock worth $421,831,000 after purchasing an additional 2,163,437 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Down 0.1 %

Shares of NextEra Energy stock traded down $0.10 on Thursday, reaching $74.14. The stock had a trading volume of 476,887 shares, compared to its average volume of 10,883,432. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10. The company has a 50 day moving average price of $81.70 and a 200 day moving average price of $77.36. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $152.46 billion, a P/E ratio of 21.96, a P/E/G ratio of 2.68 and a beta of 0.57.

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

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors 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 2.78%. NextEra Energy’s dividend payout ratio is currently 60.95%.

Insider Buying and Selling

In other news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the sale, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

NEE has been the topic of a number of recent research reports. Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Wells Fargo & Company boosted their target price on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research report on Tuesday, September 3rd. Jefferies Financial Group initiated coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $87.00 price target on the stock. Barclays boosted their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Finally, Guggenheim raised their price objective on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, NextEra Energy has an average rating of “Hold” and a consensus price target of $86.54.

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.