University of Texas Texas AM Investment Management Co. Acquires Shares of 5,940 NextEra Energy, Inc. (NYSE:NEE)

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

Several other hedge funds and other institutional investors have also made changes to their positions in NEE. Empowered Funds LLC raised its position in shares of NextEra Energy by 14.7% during the 4th quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider's stock valued at $3,267,000 after buying an additional 5,831 shares in the last quarter. Empower Advisory Group LLC raised its position in NextEra Energy by 2.3% in the 4th quarter. Empower Advisory Group LLC now owns 1,823,327 shares of the utilities provider's stock worth $130,714,000 after purchasing an additional 41,328 shares during the period. Brentview Investment Management LLC purchased a new stake in NextEra Energy in the 4th quarter worth about $3,761,000. Clarendon Private LLC purchased a new stake in NextEra Energy in the 4th quarter worth about $646,000. Finally, Fortress Financial Solutions LLC purchased a new stake in NextEra Energy in the 4th quarter worth about $315,000. Institutional investors 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 value of $1,657,880.00. Following the completion of the transaction, the executive vice president now owns 196,817 shares of the company's stock, valued at approximately $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 accessible through this link. 0.20% of the stock is currently owned by corporate insiders.

NextEra Energy Stock Up 0.3%

NEE traded up $0.23 during trading on Tuesday, hitting $67.99. The stock had a trading volume of 10,909,582 shares, compared to its average volume of 11,150,635. The company has a market capitalization of $139.97 billion, a PE ratio of 20.18, a PEG ratio of 2.45 and a beta of 0.69. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The stock has a 50 day simple moving average of $68.52 and a two-hundred day simple moving average of $70.93.

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 for the quarter, meeting the consensus estimate of $0.99. The company had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.58 billion. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. NextEra Energy's revenue was up 9.0% compared to the same quarter last year. During the same period last year, the firm earned $0.91 earnings per share. On average, research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a dividend of $0.5665 per share. The ex-dividend date is Monday, June 2nd. This represents a $2.27 annualized dividend and a dividend yield of 3.33%. NextEra Energy's dividend payout ratio (DPR) is presently 84.64%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on NEE shares. Barclays dropped their target price on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 29th. Wells Fargo & Company dropped 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. Evercore ISI dropped their target price on shares of NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a research note on Monday, January 27th. JPMorgan Chase & Co. upped their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. Finally, Erste Group Bank downgraded shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, NextEra Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $83.50.

NextEra Energy 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.