University of Texas Texas AM Investment Management Co. Makes New Investment in NextEra Energy, Inc. (NYSE:NEE)

University of Texas Texas AM Investment Management Co. bought a new position in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,940 shares of the utilities provider's stock, valued at approximately $426,000.

Several other hedge funds also recently made changes to their positions in the company. Accel Wealth Management lifted its position in shares of NextEra Energy by 1.7% in the fourth quarter. Accel Wealth Management now owns 8,615 shares of the utilities provider's stock worth $618,000 after purchasing an additional 145 shares in the last quarter. L.M. Kohn & Company lifted its position in shares of NextEra Energy by 1.0% in the fourth quarter. L.M. Kohn & Company now owns 15,353 shares of the utilities provider's stock worth $1,101,000 after purchasing an additional 145 shares in the last quarter. Tortoise Investment Management LLC lifted its position in shares of NextEra Energy by 8.3% in the fourth quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider's stock worth $139,000 after purchasing an additional 149 shares in the last quarter. Anchor Capital Advisors LLC lifted its position in shares of NextEra Energy by 5.1% in the fourth quarter. Anchor Capital Advisors LLC now owns 3,105 shares of the utilities provider's stock worth $223,000 after purchasing an additional 150 shares in the last quarter. Finally, Aspen Investment Management Inc lifted its position in shares of NextEra Energy by 1.0% in the fourth quarter. Aspen Investment Management Inc now owns 15,106 shares of the utilities provider's stock worth $1,083,000 after purchasing an additional 151 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

Insider Buying and Selling

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy 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 sale, the executive vice president now owns 196,817 shares in the company, valued at $13,777,190. The trade was a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is currently owned by insiders.

NextEra Energy Stock Performance

NEE stock traded down $0.82 during midday trading on Wednesday, hitting $67.22. 7,831,697 shares of the company traded hands, compared to its average volume of 11,137,577. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The business has a 50 day simple moving average of $68.45 and a 200-day simple moving average of $70.91. The stock has a market capitalization of $138.38 billion, a price-to-earnings ratio of 19.95, a price-to-earnings-growth ratio of 2.45 and a beta of 0.69.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.99. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The business had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. During the same quarter in the previous year, the firm posted $0.91 earnings per share. NextEra Energy's revenue was up 9.0% compared to the same quarter last year. As a group, equities research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current 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 given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date is Monday, June 2nd. NextEra Energy's dividend payout ratio (DPR) is currently 84.64%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. BMO Capital Markets reduced their price target on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. JPMorgan Chase & Co. increased their price objective on NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Erste Group Bank downgraded NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Morgan Stanley restated an "overweight" rating on shares of NextEra Energy in a report on Wednesday, April 23rd. Finally, UBS Group dropped their price objective on NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price 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.