Tokio Marine Asset Management Co. Ltd. Has $8.11 Million Stake in NextEra Energy, Inc. (NYSE:NEE)

Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,926 shares of the utilities provider’s stock after purchasing 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.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Orion Portfolio Solutions LLC boosted its holdings in NextEra Energy by 34.0% in the first quarter. Orion Portfolio Solutions LLC now owns 115,131 shares of the utilities provider’s stock valued at $7,358,000 after acquiring an additional 29,189 shares during the last quarter. Leo Wealth LLC bought a new stake in NextEra Energy in the first quarter valued at about $229,000. Trillium Asset Management LLC lifted its stake in NextEra Energy by 633.5% in the first quarter. Trillium Asset Management LLC now owns 49,671 shares of the utilities provider’s stock valued at $3,174,000 after buying an additional 42,899 shares during the period. Brighton Jones LLC boosted its holdings in NextEra Energy by 5.8% during the first quarter. Brighton Jones LLC now owns 29,849 shares of the utilities provider’s stock worth $1,908,000 after buying an additional 1,627 shares during the last quarter. Finally, Banco BTG Pactual S.A. acquired a new position in shares of NextEra Energy during the 1st quarter worth about $952,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Trading Down 0.1 %

Shares of NYSE:NEE traded down $0.10 during trading on Thursday, reaching $74.14. The stock had a trading volume of 476,887 shares, compared to its average volume of 10,883,432. The stock has a market cap of $152.46 billion, a price-to-earnings ratio of 21.96, a P/E/G ratio of 2.68 and a beta of 0.57. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10. The firm’s fifty day moving average is $81.70 and its 200 day moving average is $77.36.

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. The firm had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the company posted $0.94 EPS. As a group, equities analysts forecast that NextEra Energy, Inc. will post 3.41 EPS 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. Investors of record on Friday, November 22nd will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s payout ratio is currently 60.95%.

Insider Buying and Selling

In other news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the sale, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on NEE shares. Guggenheim boosted their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. BMO Capital Markets lifted their target price on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. 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. Dbs Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Finally, Morgan Stanley lifted their price target on shares of NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Eight 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, the company presently has an average rating of “Hold” and an average price target of $86.54.

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.