NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA lifted its stake in NextEra Energy, Inc. (NYSE:NEE) by 6.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,718 shares of the utilities provider’s stock after buying an additional 2,600 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in NextEra Energy were worth $3,028,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Fort Washington Investment Advisors Inc. OH boosted its position in NextEra Energy by 2.8% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 747,531 shares of the utilities provider’s stock worth $52,992,000 after purchasing an additional 20,691 shares in the last quarter. Net Worth Advisory Group purchased a new position in NextEra Energy during the first quarter worth approximately $207,000. apricus wealth LLC purchased a new stake in shares of NextEra Energy in the first quarter valued at about $223,000. Greenwood Capital Associates LLC increased its holdings in shares of NextEra Energy by 9.8% during the 1st quarter. Greenwood Capital Associates LLC now owns 78,356 shares of the utilities provider’s stock worth $5,555,000 after buying an additional 6,964 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC raised its position in NextEra Energy by 4.2% in the first quarter. GPS Wealth Strategies Group LLC now owns 5,304 shares of the utilities provider’s stock valued at $376,000 after purchasing an additional 213 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Up 0.2%

Shares of NextEra Energy stock opened at $72.94 on Thursday. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The stock has a market cap of $150.16 billion, a price-to-earnings ratio of 21.64, a price-to-earnings-growth ratio of 2.45 and a beta of 0.68. The company has a fifty day moving average price of $68.61 and a 200 day moving average price of $70.55.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.99. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The company had revenue of $6.25 billion during the quarter, compared to analysts’ expectations of $6.58 billion. During the same period in the prior year, the company posted $0.91 EPS. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. Equities research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.5665 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.11%. NextEra Energy’s dividend payout ratio (DPR) is presently 84.64%.

Insider Buying and Selling

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction on Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the transaction, the executive vice president now directly owns 196,817 shares in the company, valued at $13,777,190. This represents a 10.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Morgan Stanley reissued an “overweight” rating on shares of NextEra Energy in a research report on Wednesday, April 23rd. Erste Group Bank cut shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 8th. Wells Fargo & Company decreased their price objective on NextEra Energy from $102.00 to $97.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. UBS Group reduced their price target on shares of NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a research report on Friday, May 23rd. Finally, Barclays decreased their price objective on NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 29th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $83.50.

About NextEra Energy

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.