Union Bancaire Privee UBP SA Acquires New Position in NextEra Energy, Inc. (NYSE:NEE)

Union Bancaire Privee UBP SA acquired a new stake in NextEra Energy, Inc. (NYSE:NEE) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 43,118 shares of the utilities provider’s stock, valued at approximately $3,015,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tandem Capital Management Corp ADV increased its holdings in NextEra Energy by 1.3% in the 3rd quarter. Tandem Capital Management Corp ADV now owns 9,935 shares of the utilities provider’s stock worth $840,000 after buying an additional 125 shares during the period. Taylor & Morgan Wealth Management LLC increased its holdings in NextEra Energy by 1.7% in the 3rd quarter. Taylor & Morgan Wealth Management LLC now owns 7,744 shares of the utilities provider’s stock worth $655,000 after buying an additional 126 shares during the period. Insight Folios Inc increased its holdings in NextEra Energy by 1.5% in the 3rd quarter. Insight Folios Inc now owns 8,439 shares of the utilities provider’s stock worth $713,000 after buying an additional 126 shares during the period. Osborne Partners Capital Management LLC increased its holdings in NextEra Energy by 1.2% in the 3rd quarter. Osborne Partners Capital Management LLC now owns 10,724 shares of the utilities provider’s stock worth $906,000 after buying an additional 128 shares during the period. Finally, Boston Trust Walden Corp increased its holdings in NextEra Energy by 0.4% in the 3rd quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider’s stock worth $2,597,000 after buying an additional 130 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on NEE. BMO Capital Markets increased their price target on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Jefferies Financial Group dropped their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Evercore ISI dropped their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research note on Monday, January 27th. Morgan Stanley raised their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, Scotiabank raised their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $85.85.

NextEra Energy Stock Up 2.3 %

NYSE NEE opened at $71.74 on Friday. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The business’s fifty day simple moving average is $70.53 and its 200-day simple moving average is $76.56. The firm has a market cap of $147.56 billion, a PE ratio of 21.29, a P/E/G ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. As a group, equities analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.16%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date is Friday, February 28th. NextEra Energy’s dividend payout ratio (DPR) is presently 67.06%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following the completion of the transaction, the chief accounting officer now directly owns 27,427 shares of the company’s stock, valued at $1,867,504.43. The trade was a 7.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.18% of the stock is currently owned by corporate insiders.

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.