UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Increases Holdings in NextEra Energy, Inc. $NEE

Key Points

• UBS Asset Management increased its stake in NextEra Energy by 10.3% during Q1, owning approximately $1.01 billion worth of shares.
• NextEra Energy's recent quarterly earnings exceeded estimates with $1.05 EPS, while the company reported revenue of $6.70 billion, below analyst predictions.
• The company declared a quarterly dividend of $0.5665 per share, which represents an annual yield of 3.2%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 10.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,248,326 shares of the utilities provider's stock after purchasing an additional 1,326,605 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.69% of NextEra Energy worth $1,010,064,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. 1 North Wealth Services LLC bought a new position in NextEra Energy in the 1st quarter valued at $26,000. IMA Advisory Services Inc. bought a new position in NextEra Energy in the 1st quarter valued at $35,000. Copia Wealth Management bought a new position in NextEra Energy in the 4th quarter valued at $36,000. Semmax Financial Advisors Inc. grew its stake in NextEra Energy by 335.0% in the 1st quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider's stock valued at $36,000 after purchasing an additional 392 shares during the period. Finally, CBIZ Investment Advisory Services LLC grew its stake in NextEra Energy by 237.7% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock valued at $37,000 after purchasing an additional 366 shares during the period. Institutional investors own 78.72% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Morgan Stanley reiterated an "overweight" rating on shares of NextEra Energy in a research note on Thursday, August 21st. HSBC cut their price target on NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a research note on Friday, July 11th. BMO Capital Markets increased their price target on NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. JPMorgan Chase & Co. increased their price target on NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a research note on Friday, August 22nd. Finally, Melius Research upgraded NextEra Energy to a "strong-buy" rating in a research note on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $84.00.

NextEra Energy Price Performance

NYSE NEE traded up $0.34 during trading hours on Friday, hitting $71.66. The company had a trading volume of 9,343,417 shares, compared to its average volume of 10,011,098. The firm has a 50 day simple moving average of $73.10 and a 200 day simple moving average of $71.06. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The firm has a market capitalization of $147.57 billion, a price-to-earnings ratio of 25.06, a PEG ratio of 2.46 and a beta of 0.65. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The firm had revenue of $6.70 billion for the quarter, compared to analysts' expectations of $7.52 billion. During the same quarter last year, the firm posted $0.96 EPS. The company's revenue was up 10.4% compared to the same quarter last year. Equities research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be issued a $0.5665 dividend. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.2%. NextEra Energy's dividend payout ratio (DPR) is presently 79.37%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Michael Dunne sold 10,000 shares of the firm's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $70.79, for a total value of $707,900.00. Following the sale, the executive vice president owned 62,064 shares of the company's stock, valued at $4,393,510.56. This trade represents a 13.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Treasurer James Michael May sold 2,177 shares of the firm's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the sale, the treasurer directly owned 27,662 shares in the company, valued at approximately $2,143,805. The trade was a 7.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,677 shares of company stock valued at $1,415,418 in the last 90 days. Corporate insiders own 0.20% of the company's stock.

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.