NextEra Energy, Inc. $NEE Shares Newly Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 577,303 shares of the utilities provider’s stock, valued at approximately $43,725,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of NEE. PUREfi Wealth LLC raised its position in NextEra Energy by 0.9% during the 1st quarter. PUREfi Wealth LLC now owns 12,594 shares of the utilities provider’s stock valued at $1,170,000 after purchasing an additional 107 shares during the last quarter. Cornerstone Planning Group LLC increased its stake in shares of NextEra Energy by 12.8% during the first quarter. Cornerstone Planning Group LLC now owns 978 shares of the utilities provider’s stock valued at $94,000 after buying an additional 111 shares during the period. Legacy Wealth Managment LLC ID increased its stake in shares of NextEra Energy by 23.2% during the first quarter. Legacy Wealth Managment LLC ID now owns 594 shares of the utilities provider’s stock valued at $55,000 after buying an additional 112 shares during the period. Fingerlakes Wealth Management Inc. raised its holdings in shares of NextEra Energy by 0.7% during the second quarter. Fingerlakes Wealth Management Inc. now owns 16,669 shares of the utilities provider’s stock valued at $1,463,000 after acquiring an additional 116 shares in the last quarter. Finally, Zhang Financial LLC raised its holdings in shares of NextEra Energy by 1.0% during the second quarter. Zhang Financial LLC now owns 12,432 shares of the utilities provider’s stock valued at $1,091,000 after acquiring an additional 117 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Performance

NEE opened at $83.82 on Monday. The company has a current ratio of 0.53, a quick ratio of 0.45 and a debt-to-equity ratio of 1.33. The company has a market cap of $175.80 billion, a price-to-earnings ratio of 15.10, a PEG ratio of 2.59 and a beta of 0.60. The company’s 50 day moving average is $80.24 and its 200 day moving average is $87.17. NextEra Energy, Inc. has a 12-month low of $74.41 and a 12-month high of $98.75.

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

NextEra Energy Dividend Announcement

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

Wall Street Analyst Weigh In

NEE has been the subject of several research analyst reports. Morgan Stanley set a $110.00 price objective on shares of NextEra Energy and gave the stock an “overweight” rating in a report on Wednesday, October 14th. Wells Fargo & Company raised shares of NextEra Energy to a “strong-buy” rating in a research report on Monday, October 12th. Sanford C. Bernstein restated an “outperform” rating and set a $108.00 price objective on shares of NextEra Energy in a research note on Wednesday, October 21st. Jefferies Financial Group reaffirmed a “hold” rating on shares of NextEra Energy in a report on Thursday, October 8th. Finally, Seaport Research Partners reiterated a “sell” rating and issued a $56.00 target price (up from $55.00) on shares of NextEra Energy in a research note on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $97.80.

NextEra Energy Profile

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.