NextEra Energy, Inc. $NEE Holdings Decreased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its stake in NextEra Energy, Inc. (NYSE:NEE) by 2.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,519,880 shares of the utilities provider’s stock after selling 124,827 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in NextEra Energy were worth $342,336,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Czech National Bank lifted its holdings in shares of NextEra Energy by 4.7% in the second quarter. Czech National Bank now owns 593,568 shares of the utilities provider’s stock valued at $52,097,000 after buying an additional 26,378 shares during the period. Annex Advisory Services LLC boosted its stake in NextEra Energy by 13.9% during the second quarter. Annex Advisory Services LLC now owns 711,009 shares of the utilities provider’s stock valued at $62,405,000 after buying an additional 86,585 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in NextEra Energy by 4.1% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 544,574 shares of the utilities provider’s stock valued at $47,797,000 after buying an additional 21,569 shares in the last quarter. CV Advisors LLC bought a new position in NextEra Energy during the second quarter valued at about $1,404,000. Finally, Avity Investment Management Inc. grew its holdings in NextEra Energy by 5.7% during the second quarter. Avity Investment Management Inc. now owns 500,576 shares of the utilities provider’s stock worth $43,936,000 after acquiring an additional 26,848 shares during the period. Institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on NEE shares. Seaport Research Partners reiterated a “sell” rating and issued a $56.00 price target (up from $55.00) on shares of NextEra Energy in a research report on Friday, October 2nd. Bank of America cut their price target on shares of NextEra Energy from $95.00 to $93.00 and set a “neutral” rating for the company in a report on Monday, July 13th. Jefferies Financial Group restated a “hold” rating on shares of NextEra Energy in a research report on Thursday, October 8th. Barclays lowered their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Friday, October 23rd. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $108.00 target price on shares of NextEra Energy in a report on Wednesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $97.80.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $83.82 on Friday. NextEra Energy, Inc. has a one year low of $74.41 and a one year high of $98.75. The stock has a fifty day moving average of $80.24 and a 200-day moving average of $87.17. The company has a market capitalization of $175.80 billion, a PE ratio of 15.10, a price-to-earnings-growth ratio of 2.59 and a beta of 0.64. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.45 and a current ratio of 0.53.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, October 21st. The utilities provider reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.04. The business had revenue of $8.09 billion during the quarter, compared to analyst estimates of $8.47 billion. NextEra Energy had a return on equity of 12.27% and a net margin of 40.37%. The company’s revenue was up 1.6% compared to the same quarter last year. During the same period last year, the company posted $1.13 EPS. As a group, equities analysts anticipate that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Friday, November 27th will be issued a dividend of $0.6232 per share. This represents a $2.49 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, November 27th. NextEra Energy’s dividend payout ratio is currently 44.86%.

About NextEra Energy

NextEra Energy, Inc is an energy infrastructure company headquartered in Juno Beach, Florida. Through its businesses, the company generates, transmits, distributes and sells electricity, with a focus on regulated utility operations and clean energy development.

Florida Power & Light Company, NextEra Energy’s principal regulated utility, serves customers across much of Florida. FPL operates electric generation, transmission and distribution infrastructure and provides retail electricity service to residential, commercial and industrial customers.

NextEra Energy Resources develops, owns and operates renewable energy and energy storage projects, including wind and solar facilities.