Universal Beteiligungs und Servicegesellschaft mbH Takes $124.11 Million Position in NextEra Energy, Inc. (NYSE:NEE)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,731,144 shares of the utilities provider's stock, valued at approximately $124,106,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.08% of NextEra Energy at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Bellwether Advisors LLC purchased a new position in shares of NextEra Energy during the fourth quarter valued at about $30,000. WealthTrak Capital Management LLC bought a new stake in shares of NextEra Energy during the fourth quarter valued at approximately $33,000. Luken Investment Analytics LLC purchased a new position in shares of NextEra Energy during the fourth quarter valued at approximately $36,000. Midwest Capital Advisors LLC purchased a new stake in shares of NextEra Energy during the 4th quarter valued at about $44,000. Finally, Promus Capital LLC bought a new position in shares of NextEra Energy during the 4th quarter valued at approximately $45,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Price Performance

Shares of NYSE:NEE traded up $1.79 on Thursday, reaching $69.00. 11,570,068 shares of the company were exchanged, compared to its average volume of 11,135,772. 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 1-year low of $61.72 and a 1-year high of $86.10. The company has a 50-day moving average of $68.38 and a 200-day moving average of $70.89. The firm has a market cap of $142.05 billion, a price-to-earnings ratio of 20.48, a price-to-earnings-growth ratio of 2.45 and a beta of 0.69.

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

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.5665 per share. 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 3.28%. NextEra Energy's payout ratio is 84.64%.

Insiders Place Their Bets

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $70.00, for a total value of $1,657,880.00. Following the completion of the transaction, the executive vice president now 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 Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by insiders.

Analysts Set New Price Targets

NEE has been the topic of several recent analyst reports. Morgan Stanley reiterated an "overweight" rating on shares of NextEra Energy in a research report on Wednesday, April 23rd. UBS Group reduced their target price 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, May 23rd. Wells Fargo & Company reduced their target price on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Barclays lowered their price target on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a report on Tuesday, April 29th. Finally, Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.