Meiji Yasuda Asset Management Co Ltd. Sells 10,027 Shares of NextEra Energy, Inc. $NEE

Meiji Yasuda Asset Management Co Ltd. cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 240,863 shares of the utilities provider’s stock after selling 10,027 shares during the period. NextEra Energy comprises approximately 0.9% of Meiji Yasuda Asset Management Co Ltd.’s holdings, making the stock its 21st largest position. Meiji Yasuda Asset Management Co Ltd.’s holdings in NextEra Energy were worth $18,183,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of NEE. Tripletail Wealth Management LLC bought a new stake in shares of NextEra Energy during the 3rd quarter valued at about $25,000. Goodman Advisory Group LLC bought a new position in shares of NextEra Energy in the 2nd quarter worth approximately $25,000. Howard Hughes Medical Institute purchased a new position in shares of NextEra Energy in the second quarter worth approximately $31,000. Abound Wealth Management boosted its holdings in shares of NextEra Energy by 108.2% in the third quarter. Abound Wealth Management now owns 456 shares of the utilities provider’s stock worth $34,000 after buying an additional 237 shares during the last quarter. Finally, Rexford Capital Inc. bought a new stake in NextEra Energy during the second quarter valued at approximately $34,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

NYSE NEE opened at $91.03 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $95.91. The stock has a market cap of $189.66 billion, a price-to-earnings ratio of 27.67 and a beta of 0.76. The company’s 50 day moving average is $87.27 and its two-hundred day moving average is $82.32.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The firm had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $7.07 billion. During the same period in the prior year, the company posted $0.53 earnings per share. The company’s revenue for the quarter was up 20.7% compared to the same quarter last year. As a group, research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 27th will be issued a dividend of $0.6232 per share. This is a boost from NextEra Energy’s previous quarterly dividend of $0.57. This represents a $2.49 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, February 27th. NextEra Energy’s payout ratio is 75.68%.

Insider Buying and Selling at NextEra Energy

In related news, EVP Ronald R. Reagan sold 18,620 shares of the stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total transaction of $1,675,800.00. Following the completion of the sale, the executive vice president owned 9,643 shares in the company, valued at approximately $867,870. This trade represents a 65.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Charles E. Sieving sold 30,000 shares of NextEra Energy stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total value of $2,700,000.00. Following the sale, the executive vice president directly owned 167,481 shares in the company, valued at $15,073,290. This trade represents a 15.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 159,049 shares of company stock valued at $14,194,542 over the last ninety days. 0.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

NEE has been the subject of a number of research reports. JPMorgan Chase & Co. upped their target price on shares of NextEra Energy from $94.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, December 11th. Wolfe Research lifted their price target on shares of NextEra Energy from $87.00 to $94.00 and gave the stock an “outperform” rating in a research note on Monday, December 1st. Weiss Ratings downgraded shares of NextEra Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 17th. Erste Group Bank raised NextEra Energy from a “hold” rating to a “buy” rating in a report on Wednesday, February 18th. Finally, HSBC lifted their target price on NextEra Energy from $96.00 to $103.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.16.

About NextEra Energy

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.