NextEra Energy Inc. (NEE) Stake Raised by UBS Asset Management Americas Inc.
UBS Asset Management Americas Inc. boosted its position in NextEra Energy Inc. (NYSE:NEE) by 1.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,658,943 shares of the company’s stock after buying an additional 22,063 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.36% of NextEra Energy worth $202,922,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. HL Financial Services LLC increased its position in shares of NextEra Energy by 0.6% in the second quarter. HL Financial Services LLC now owns 45,170 shares of the company’s stock worth $5,890,000 after buying an additional 253 shares in the last quarter. Sabal Trust CO increased its position in shares of NextEra Energy by 3.1% in the second quarter. Sabal Trust CO now owns 4,950 shares of the company’s stock worth $646,000 after buying an additional 150 shares in the last quarter. Private Advisor Group LLC increased its position in shares of NextEra Energy by 63.2% in the second quarter. Private Advisor Group LLC now owns 19,200 shares of the company’s stock worth $2,446,000 after buying an additional 7,438 shares in the last quarter. Ifrah Financial Services Inc. bought a new position in shares of NextEra Energy during the second quarter worth approximately $209,000. Finally, Gerstein Fisher increased its position in shares of NextEra Energy by 6.9% in the second quarter. Gerstein Fisher now owns 5,047 shares of the company’s stock worth $658,000 after buying an additional 325 shares in the last quarter. 72.53% of the stock is currently owned by institutional investors.
NextEra Energy Inc. (NYSE:NEE) opened at 114.23 on Thursday. The firm has a 50 day moving average of $120.86 and a 200-day moving average of $123.62. NextEra Energy Inc. has a 12-month low of $96.19 and a 12-month high of $131.98. The stock has a market cap of $53.38 billion, a PE ratio of 21.59 and a beta of 0.26.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Monday, October 31st. The company reported $1.74 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.07. The firm earned $4.81 billion during the quarter, compared to analysts’ expectations of $4.87 billion. NextEra Energy had a net margin of 14.74% and a return on equity of 11.90%. During the same quarter in the previous year, the business posted $1.60 earnings per share. On average, analysts expect that NextEra Energy Inc. will post $6.21 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Friday, November 25th will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date is Tuesday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is currently 66.29%.
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A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $127.00 target price on the stock in a research note on Tuesday, November 22nd. Bank of America Corp. reiterated a “buy” rating and set a $149.00 price objective on shares of NextEra Energy in a research note on Tuesday, September 27th. Mizuho reiterated a “buy” rating and set a $138.00 price objective on shares of NextEra Energy in a research note on Tuesday, August 30th. Finally, Deutsche Bank AG downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating and set a $131.00 price objective on the stock. in a research note on Friday, September 23rd. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $129.08.
In related news, CEO Armando Pimentel, Jr. sold 5,022 shares of NextEra Energy stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $123.70, for a total value of $621,221.40. Following the completion of the transaction, the chief executive officer now owns 72,165 shares in the company, valued at $8,926,810.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Charles E. Sieving sold 24,927 shares of NextEra Energy stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $123.55, for a total transaction of $3,079,730.85. Following the completion of the transaction, the executive vice president now owns 47,189 shares of the company’s stock, valued at approximately $5,830,200.95. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by corporate insiders.
About NextEra Energy
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power company in North America with electric generating facilities located in over 30 states in the United States and approximately five provinces in Canada. NEE’s operating segments are FPL, an electric utility, and NEER, an energy business.
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