Mufg Securities Americas Inc. Takes Position in NextEra Energy, Inc. (NYSE:NEE)

Mufg Securities Americas Inc. bought a new position in NextEra Energy, Inc. (NYSE:NEE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 30,356 shares of the utilities provider's stock, valued at approximately $2,176,000.

A number of other hedge funds also recently bought and sold shares of the business. Aprio Wealth Management LLC lifted its position in shares of NextEra Energy by 9.5% during the fourth quarter. Aprio Wealth Management LLC now owns 4,204 shares of the utilities provider's stock valued at $301,000 after buying an additional 364 shares during the last quarter. Brookstone Capital Management grew its position in shares of NextEra Energy by 13.8% in the fourth quarter. Brookstone Capital Management now owns 87,448 shares of the utilities provider's stock valued at $6,269,000 after purchasing an additional 10,635 shares during the period. Capital Investment Advisors LLC boosted its stake in NextEra Energy by 1.5% during the 4th quarter. Capital Investment Advisors LLC now owns 62,400 shares of the utilities provider's stock worth $4,473,000 after purchasing an additional 951 shares during the last quarter. Wedmont Private Capital boosted its position in NextEra Energy by 3.0% during the fourth quarter. Wedmont Private Capital now owns 15,159 shares of the utilities provider's stock worth $1,021,000 after acquiring an additional 437 shares during the last quarter. Finally, First Financial Corp IN boosted its holdings in NextEra Energy by 7.0% in the 4th quarter. First Financial Corp IN now owns 15,549 shares of the utilities provider's stock valued at $1,115,000 after purchasing an additional 1,012 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

NextEra Energy Trading Down 1.7%

Shares of NextEra Energy stock traded down $1.29 during trading hours on Monday, reaching $73.71. The stock had a trading volume of 6,382,125 shares, compared to its average volume of 10,905,018. The firm has a 50 day simple moving average of $68.72 and a two-hundred day simple moving average of $71.20. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $151.74 billion, a price-to-earnings ratio of 21.86, a P/E/G ratio of 2.45 and a beta of 0.69.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting 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 the consensus estimate of $6.58 billion. During the same quarter last year, the firm posted $0.91 EPS. The business's revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

Insiders Place Their Bets

In related news, CAO James Michael May sold 2,383 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total value of $162,258.47. Following the transaction, the chief accounting officer now directly owns 27,427 shares in the company, valued at approximately $1,867,504.43. This trade represents a 7.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Charles E. Sieving sold 23,684 shares of the company's stock in a transaction that occurred 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 directly owns 196,817 shares of the company's stock, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Erste Group Bank downgraded NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Jefferies Financial Group reduced their price objective on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Guggenheim restated a "buy" rating and issued a $89.00 price objective on shares of NextEra Energy in a research note on Thursday, March 20th. Wells Fargo & Company dropped 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. Finally, JPMorgan Chase & Co. boosted their price target 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. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $83.46.

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.