University of Texas Texas AM Investment Management Co. Has $43,000 Holdings in NextEra Energy, Inc. (NYSE:NEE)

Key Points

• The University of Texas Texas AM Investment Management Co. reduced its stake in NextEra Energy by 89.9%, now holding only 600 shares valued at $43,000.
• Several large investors are actively acquiring shares of NextEra Energy, with institutional investors collectively owning 78.72% of the company's stock.
• NextEra Energy recently declared a quarterly dividend of $0.5665 per share, translating to an annual yield of 3.18%.

University of Texas Texas AM Investment Management Co. lessened its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 89.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 600 shares of the utilities provider's stock after selling 5,340 shares during the quarter. University of Texas Texas AM Investment Management Co.'s holdings in NextEra Energy were worth $43,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Two Sigma Advisers LP bought a new stake in shares of NextEra Energy in the 4th quarter valued at about $240,269,000. GAMMA Investing LLC boosted its holdings in shares of NextEra Energy by 8,456.8% during the first quarter. GAMMA Investing LLC now owns 2,458,536 shares of the utilities provider's stock worth $174,286,000 after acquiring an additional 2,429,804 shares during the period. Northern Trust Corp increased its position in NextEra Energy by 9.6% during the fourth quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider's stock worth $1,655,353,000 after acquiring an additional 2,030,331 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in NextEra Energy during the fourth quarter worth about $124,106,000. Finally, APG Asset Management N.V. increased its position in NextEra Energy by 361.4% during the fourth quarter. APG Asset Management N.V. now owns 2,188,967 shares of the utilities provider's stock worth $151,547,000 after acquiring an additional 1,714,575 shares during the period. Institutional investors and hedge funds own 78.72% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on NEE. Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. HSBC lowered their price target on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a research report on Friday, July 11th. BMO Capital Markets raised their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Wells Fargo & Company lowered their price target on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Finally, Barclays boosted their target price on shares of NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $84.42.

NextEra Energy Price Performance

Shares of NEE traded up $0.62 during mid-day trading on Tuesday, reaching $71.96. The company had a trading volume of 7,585,984 shares, compared to its average volume of 10,389,966. The company's 50 day simple moving average is $72.14 and its 200 day simple moving average is $70.47. 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 quick ratio of 0.45 and a current ratio of 0.54. The company has a market capitalization of $148.19 billion, a price-to-earnings ratio of 25.16, a P/E/G ratio of 2.46 and a beta of 0.67.

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, beating analysts' consensus estimates of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. During the same period last year, the company posted $0.96 EPS. The firm's quarterly revenue was up 10.4% compared to the same quarter last year. Analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be paid a $0.5665 dividend. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.15%. NextEra Energy's payout ratio is currently 79.37%.

Insider Activity

In related news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction that occurred 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 directly owned 196,817 shares in the company, valued at $13,777,190. This trade represents a 10.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Robert Coffey sold 7,500 shares of NextEra Energy stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $71.84, for a total transaction of $538,800.00. Following the sale, the executive vice president owned 26,539 shares in the company, valued at approximately $1,906,561.76. This represents a 22.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,361 shares of company stock worth $2,365,398. Corporate insiders own 0.18% of the company's stock.

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.