Mitsubishi UFJ Asset Management UK Ltd. Grows Position in NextEra Energy, Inc. (NYSE:NEE)

Mitsubishi UFJ Asset Management UK Ltd. boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 41.2% during the 4th quarter, HoldingsChannel reports. The firm owned 24,000 shares of the utilities provider’s stock after purchasing an additional 7,000 shares during the period. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in NextEra Energy were worth $1,721,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of NEE. Roberts Wealth Advisors LLC raised its stake in NextEra Energy by 5.5% during the 4th quarter. Roberts Wealth Advisors LLC now owns 73,019 shares of the utilities provider’s stock valued at $5,060,000 after purchasing an additional 3,796 shares during the period. Enclave Advisors LLC boosted its holdings in NextEra Energy by 2.8% during the 4th quarter. Enclave Advisors LLC now owns 6,796 shares of the utilities provider’s stock valued at $487,000 after acquiring an additional 187 shares during the period. Transform Wealth LLC purchased a new position in NextEra Energy during the 4th quarter valued at $226,000. Alpha Cubed Investments LLC raised its position in NextEra Energy by 6.0% during the 4th quarter. Alpha Cubed Investments LLC now owns 696,223 shares of the utilities provider’s stock valued at $49,912,000 after purchasing an additional 39,215 shares in the last quarter. Finally, Clear Harbor Asset Management LLC raised its position in NextEra Energy by 76.7% during the 4th quarter. Clear Harbor Asset Management LLC now owns 6,383 shares of the utilities provider’s stock valued at $458,000 after purchasing an additional 2,771 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction that occurred 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 transaction, 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.18% of the company’s stock.

NextEra Energy Stock Up 0.1 %

Shares of NextEra Energy stock opened at $70.85 on Wednesday. The company has a market capitalization of $145.70 billion, a PE ratio of 20.96, a P/E/G ratio of 2.38 and a beta of 0.58. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The business has a 50-day moving average of $73.40 and a 200-day moving average of $77.24. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. The firm 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%. NextEra Energy’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the company posted $0.94 earnings per share. As a group, equities analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

Analysts Set New Price Targets

NEE has been the subject of several recent research reports. Scotiabank boosted their price target on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. BMO Capital Markets upped their target price on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Dbs Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Finally, Morgan Stanley reduced their target price on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, NextEra Energy has an average rating of “Hold” and an average price target of $87.15.

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.