UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 1,707,933 Shares of NextEra Energy, Inc. (NYSE:NEE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 15.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,921,721 shares of the utilities provider's stock after purchasing an additional 1,707,933 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.63% of NextEra Energy worth $926,358,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of NEE. Sugar Maple Asset Management LLC acquired a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $28,000. Bellwether Advisors LLC bought a new position in NextEra Energy in the 4th quarter valued at $30,000. WealthTrak Capital Management LLC acquired a new stake in shares of NextEra Energy in the 4th quarter valued at $33,000. Luken Investment Analytics LLC acquired a new stake in shares of NextEra Energy in the 4th quarter valued at $36,000. Finally, Midwest Capital Advisors LLC bought a new stake in shares of NextEra Energy during the fourth quarter worth $44,000. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Trading Up 1.3%

NEE traded up $0.88 during mid-day trading on Friday, hitting $67.82. The stock had a trading volume of 17,155,250 shares, compared to its average volume of 11,151,600. The stock's fifty day simple moving average is $68.57 and its 200-day simple moving average is $71.02. The firm has a market capitalization of $139.62 billion, a price-to-earnings ratio of 20.12, a price-to-earnings-growth ratio of 2.45 and a beta of 0.69. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38.

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

NextEra Energy Dividend Announcement

The business also recently announced 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. This represents a $2.27 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date is Monday, June 2nd. NextEra Energy's payout ratio is presently 84.64%.

Insiders Place Their Bets

In other news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $70.00, for a total value of $1,657,880.00. Following the sale, the executive vice president now directly owns 196,817 shares in the company, valued at $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.20% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NEE. Evercore ISI decreased their price target on NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a report on Monday, January 27th. Wells Fargo & Company reduced their target price on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Guggenheim reiterated a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a research report on Thursday, March 20th. Morgan Stanley reissued an "overweight" rating on shares of NextEra Energy in a research note on Wednesday, April 23rd. Finally, UBS Group reduced their price objective on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research note on Friday. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, NextEra Energy has an average rating of "Moderate Buy" and an average price target of $83.50.

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.