Sumitomo Mitsui Trust Holdings Inc. Increases Holdings in NextEra Energy, Inc. (NYSE:NEE)

Sumitomo Mitsui Trust Holdings Inc. grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 0.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 5,195,099 shares of the utilities provider’s stock after buying an additional 34,455 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.25% of NextEra Energy worth $332,019,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. GSG Advisors LLC boosted its holdings in shares of NextEra Energy by 2.6% in the 1st quarter. GSG Advisors LLC now owns 6,509 shares of the utilities provider’s stock valued at $407,000 after buying an additional 162 shares in the last quarter. Greenfield Savings Bank lifted its holdings in shares of NextEra Energy by 0.5% in the 4th quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock valued at $1,957,000 after buying an additional 163 shares during the period. Bay Harbor Wealth Management LLC grew its position in NextEra Energy by 22.7% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 930 shares of the utilities provider’s stock worth $56,000 after buying an additional 172 shares during the period. MKT Advisors LLC grew its holdings in NextEra Energy by 2.9% in the fourth quarter. MKT Advisors LLC now owns 6,233 shares of the utilities provider’s stock valued at $387,000 after purchasing an additional 173 shares during the last quarter. Finally, First Pacific Financial raised its position in NextEra Energy by 2.0% during the fourth quarter. First Pacific Financial now owns 8,885 shares of the utilities provider’s stock worth $540,000 after acquiring an additional 177 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Performance

Shares of NEE traded up $1.28 during trading hours on Wednesday, reaching $71.75. 712,308 shares of the company’s stock traded hands, compared to its average volume of 11,877,657. The business’s fifty day simple moving average is $73.34 and its two-hundred day simple moving average is $64.57. The firm has a market capitalization of $147.41 billion, a price-to-earnings ratio of 19.20, a P/E/G ratio of 2.42 and a beta of 0.54. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $80.47.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.11. The firm had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $6.28 billion. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The company’s quarterly revenue was down 14.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.84 EPS. Analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.87%. The ex-dividend date was Monday, June 3rd. NextEra Energy’s payout ratio is presently 56.13%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NEE. JPMorgan Chase & Co. raised their price target on NextEra Energy from $76.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, June 20th. BMO Capital Markets increased their target price on NextEra Energy from $78.00 to $79.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. Scotiabank raised their target price on NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a report on Monday, April 22nd. Barclays reduced their target price on NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating for the company in a research note on Thursday, June 13th. Finally, Mizuho lowered NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price for the company. in a research report on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $77.57.

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.