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

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

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new position in NextEra Energy during the 4th quarter worth $3,484,197,000. Boston Partners purchased a new position in NextEra Energy during the 4th quarter worth $244,169,000. Two Sigma Advisers LP purchased a new position in shares of NextEra Energy in the 4th quarter valued at about $240,269,000. Amundi grew its stake in NextEra Energy by 49.8% in the 4th quarter. Amundi now owns 9,543,552 shares of the utilities provider's stock valued at $676,008,000 after acquiring an additional 3,172,405 shares during the last quarter. Finally, California Public Employees Retirement System grew its stake in NextEra Energy by 46.7% in the 4th quarter. California Public Employees Retirement System now owns 7,910,346 shares of the utilities provider's stock valued at $567,093,000 after acquiring an additional 2,517,369 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

Insiders Place Their Bets

In other news, EVP Charles E. Sieving sold 23,684 shares of the firm's stock in a transaction 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 sale, the executive vice president now directly owns 196,817 shares in the company, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NEE. Wells Fargo & Company lowered their price objective 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. Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Guggenheim reiterated a "buy" rating and set a $89.00 price objective on shares of NextEra Energy in a research note on Thursday, March 20th. UBS Group decreased their price target on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research report on Friday, May 23rd. Finally, Morgan Stanley reissued an "overweight" rating on shares of NextEra Energy in a research report on Wednesday, April 23rd. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $83.50.

NextEra Energy Stock Performance

Shares of NYSE NEE traded up $1.72 during trading hours on Thursday, reaching $68.93. The stock had a trading volume of 4,843,455 shares, compared to its average volume of 11,110,060. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The business's fifty day moving average is $68.38 and its two-hundred day moving average is $70.89. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The company has a market cap of $141.91 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 2.45 and a beta of 0.69.

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

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.5665 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.27 annualized dividend and a yield of 3.29%. NextEra Energy's dividend payout ratio is currently 84.64%.

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.