Union Bancaire Privee UBP SA Invests $3.02 Million in NextEra Energy, Inc. (NYSE:NEE)

Union Bancaire Privee UBP SA acquired a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 43,118 shares of the utilities provider’s stock, valued at approximately $3,015,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. World Equity Group Inc. grew its position in shares of NextEra Energy by 100.5% during the fourth quarter. World Equity Group Inc. now owns 17,916 shares of the utilities provider’s stock worth $1,284,000 after buying an additional 8,982 shares in the last quarter. Cabot Wealth Management Inc. grew its position in shares of NextEra Energy by 1.7% during the fourth quarter. Cabot Wealth Management Inc. now owns 26,088 shares of the utilities provider’s stock worth $1,870,000 after buying an additional 427 shares in the last quarter. Sigma Investment Counselors Inc. grew its position in shares of NextEra Energy by 0.9% during the fourth quarter. Sigma Investment Counselors Inc. now owns 61,259 shares of the utilities provider’s stock worth $4,392,000 after buying an additional 536 shares in the last quarter. MONECO Advisors LLC lifted its stake in NextEra Energy by 10.2% during the fourth quarter. MONECO Advisors LLC now owns 12,717 shares of the utilities provider’s stock worth $912,000 after purchasing an additional 1,179 shares during the last quarter. Finally, Forvis Mazars Wealth Advisors LLC lifted its stake in NextEra Energy by 0.6% during the fourth quarter. Forvis Mazars Wealth Advisors LLC now owns 34,586 shares of the utilities provider’s stock worth $2,479,000 after purchasing an additional 206 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following the sale, the chief accounting officer now directly owns 27,427 shares in the company, valued at $1,867,504.43. This represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Jefferies Financial Group decreased their target price on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Morgan Stanley boosted their target price on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Evercore ISI decreased their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research note on Monday, January 27th. Scotiabank boosted their target price on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. decreased their target price on NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, NextEra Energy has an average rating of “Hold” and a consensus target price of $85.85.

NextEra Energy Stock Up 2.3 %

NextEra Energy stock opened at $71.74 on Friday. 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 firm has a market capitalization of $147.56 billion, a price-to-earnings ratio of 21.29, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The stock’s fifty day moving average is $70.53 and its two-hundred day moving average is $76.56.

NextEra Energy (NYSE:NEE) last posted its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be issued a $0.5665 dividend. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date is Friday, February 28th. This represents a $2.27 annualized dividend and a yield of 3.16%. NextEra Energy’s dividend payout ratio is 67.06%.

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.