Union Bancaire Privee UBP SA Purchases 16,981 Shares of NextEra Energy, Inc. $NEE

Key Points

• Union Bancaire Privee UBP SA increased its ownership in NextEra Energy by 37.1%, acquiring an additional 16,981 shares, bringing its total holdings to 62,699 shares worth approximately $4.08 million.
• NextEra Energy recently received multiple analyst upgrades, with prices targets being set between $67.00 and $81.00, and currently has a consensus rating of "Moderate Buy".
• Insider trading activity showed a 7.30% decrease in shares owned by Treasurer James Michael May, who sold 2,177 shares, while a total of 21,369 shares were sold by insiders over the last 90 days.

Union Bancaire Privee UBP SA raised its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 37.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 62,699 shares of the utilities provider's stock after purchasing an additional 16,981 shares during the quarter. Union Bancaire Privee UBP SA's holdings in NextEra Energy were worth $4,084,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Arkfeld Wealth Strategies L.L.C. grew its stake in shares of NextEra Energy by 0.9% during the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider's stock valued at $1,140,000 after purchasing an additional 136 shares during the period. Pine Haven Investment Counsel Inc grew its stake in shares of NextEra Energy by 2.3% during the 2nd quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider's stock valued at $441,000 after acquiring an additional 140 shares during the period. Tradition Wealth Management LLC grew its stake in shares of NextEra Energy by 2.2% during the 1st quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider's stock valued at $470,000 after acquiring an additional 143 shares during the period. Eagle Wealth Strategies LLC grew its stake in shares of NextEra Energy by 1.4% during the 2nd quarter. Eagle Wealth Strategies LLC now owns 11,154 shares of the utilities provider's stock valued at $774,000 after acquiring an additional 149 shares during the period. Finally, XML Financial LLC grew its stake in shares of NextEra Energy by 1.0% during the 2nd quarter. XML Financial LLC now owns 16,447 shares of the utilities provider's stock valued at $1,142,000 after acquiring an additional 158 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Melius Research upgraded NextEra Energy to a "strong-buy" rating in a research note on Wednesday, August 20th. Mizuho set a $78.00 price objective on NextEra Energy in a research note on Thursday, August 21st. Barclays boosted their price objective on NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. Melius assumed coverage on NextEra Energy in a research note on Wednesday, August 20th. They set a "buy" rating and a $77.00 price objective for the company. Finally, BMO Capital Markets boosted their price objective on NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $84.08.

Insider Transactions at NextEra Energy

In other news, Treasurer James Michael May sold 2,177 shares of the company's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the sale, the treasurer directly owned 27,662 shares of the company's stock, valued at $2,143,805. This represents a 7.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark Lemasney sold 846 shares of the company's stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total value of $63,365.40. Following the sale, the executive vice president directly owned 9,267 shares in the company, valued at $694,098.30. This trade represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,369 shares of company stock valued at $1,539,610 over the last 90 days. Insiders own 0.20% of the company's stock.

NextEra Energy Trading Up 0.5%

NEE stock opened at $76.20 on Tuesday. 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 1.36, a current ratio of 0.54 and a quick ratio of 0.45. The company has a market capitalization of $156.92 billion, a price-to-earnings ratio of 26.64, a PEG ratio of 2.61 and a beta of 0.65. The business has a 50 day simple moving average of $72.63 and a two-hundred day simple moving average of $71.09.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, topping 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 business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. During the same period in the prior year, the company posted $0.96 EPS. The firm's revenue for the quarter was up 10.4% compared to the same quarter last year. Research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy's dividend payout ratio is 79.02%.

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.

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