Dai ichi Life Insurance Company Ltd Has $17.74 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Dai ichi Life Insurance Company Ltd trimmed its holdings in NextEra Energy, Inc. (NYSE:NEE) by 10.8% in the third quarter, Holdings Channel reports. The fund owned 209,847 shares of the utilities provider’s stock after selling 25,507 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in NextEra Energy were worth $17,738,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Proffitt & Goodson Inc. lifted its position in NextEra Energy by 64.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after buying an additional 144 shares in the last quarter. Semmax Financial Advisors Inc. increased its holdings in shares of NextEra Energy by 197.4% in the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 225 shares during the last quarter. Reston Wealth Management LLC acquired a new stake in shares of NextEra Energy during the 3rd quarter worth about $27,000. Valley Wealth Managers Inc. bought a new position in NextEra Energy in the 2nd quarter valued at about $33,000. Finally, Maryland Capital Advisors Inc. acquired a new position in shares of NextEra Energy in the third quarter valued at approximately $39,000. 78.72% of the stock is owned by institutional investors.

NextEra Energy Trading Up 0.8 %

NYSE:NEE opened at $76.64 on Tuesday. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. The firm’s 50 day moving average is $80.74 and its 200 day moving average is $77.76. The stock has a market capitalization of $157.60 billion, a PE ratio of 22.67, a price-to-earnings-growth ratio of 2.75 and a beta of 0.57.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The company had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. During the same period last year, the firm earned $0.94 EPS. NextEra Energy’s revenue for the quarter was up 5.5% on a year-over-year basis. Sell-side analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be paid a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.69%. NextEra Energy’s dividend payout ratio is currently 60.95%.

Insider Buying and Selling

In other news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the sale, the executive vice president now owns 15,792 shares in the company, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.18% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Scotiabank raised their price target on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. BMO Capital Markets boosted 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. Guggenheim raised their price objective on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. boosted their price target on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $86.85.

NextEra Energy Company 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.