Mirae Asset Global Investments Co. Ltd. Has $21.85 Million Stock Position in NextEra Energy, Inc. $NEE

Mirae Asset Global Investments Co. Ltd. lifted its position in NextEra Energy, Inc. (NYSE:NEE) by 10.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 289,375 shares of the utilities provider’s stock after buying an additional 26,373 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in NextEra Energy were worth $21,845,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the business. Brighton Jones LLC lifted its position in shares of NextEra Energy by 7.0% in the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock worth $2,028,000 after buying an additional 1,840 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of NextEra Energy by 6.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock worth $348,000 after buying an additional 298 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of NextEra Energy by 38.4% during the 1st quarter. Acadian Asset Management LLC now owns 12,542 shares of the utilities provider’s stock worth $887,000 after buying an additional 3,479 shares during the period. Sivia Capital Partners LLC lifted its position in NextEra Energy by 18.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,563 shares of the utilities provider’s stock worth $386,000 after acquiring an additional 852 shares during the last quarter. Finally, Childress Capital Advisors LLC boosted its holdings in NextEra Energy by 20.8% during the second quarter. Childress Capital Advisors LLC now owns 5,737 shares of the utilities provider’s stock valued at $398,000 after acquiring an additional 988 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Buying and Selling at NextEra Energy

In related news, CEO Armando Pimentel, Jr. sold 145,140 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the completion of the sale, the chief executive officer owned 162,693 shares in the company, valued at $13,651,569.63. This trade represents a 47.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Ronald R. Reagan sold 10,826 shares of the business’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $85.00, for a total transaction of $920,210.00. Following the completion of the transaction, the executive vice president owned 15,643 shares in the company, valued at approximately $1,329,655. This trade represents a 40.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NEE. HSBC raised their target price on NextEra Energy from $94.00 to $95.00 in a report on Monday, November 10th. New Street Research set a $84.00 price objective on shares of NextEra Energy in a research note on Monday, October 13th. Jefferies Financial Group set a $87.00 target price on shares of NextEra Energy in a research report on Wednesday, January 14th. Citigroup reissued a “buy” rating and issued a $96.00 price target (up from $84.00) on shares of NextEra Energy in a report on Wednesday, October 29th. Finally, Wolfe Research boosted their price objective on shares of NextEra Energy from $87.00 to $94.00 and gave the stock an “outperform” rating in a report on Monday, December 1st. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $92.67.

NextEra Energy Stock Performance

NYSE:NEE opened at $88.22 on Friday. The firm has a market capitalization of $183.72 billion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 2.71 and a beta of 0.74. The company has a quick ratio of 0.45, a current ratio of 0.60 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 $89.19. The firm has a 50-day moving average price of $82.44 and a 200 day moving average price of $78.94.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.01. The company had revenue of $6.56 billion for the quarter, compared to analyst estimates of $7.07 billion. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The company’s revenue was up 20.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.53 EPS. Research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

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.