Capital Management Associates Inc Invests $374,000 in NextEra Energy, Inc. (NYSE:NEE)

Capital Management Associates Inc acquired a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 5,274 shares of the utilities provider's stock, valued at approximately $374,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Somerset Trust Co increased its position in NextEra Energy by 5.2% during the first quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider's stock worth $6,359,000 after purchasing an additional 4,445 shares during the last quarter. Viking Fund Management LLC increased its position in NextEra Energy by 67.8% during the first quarter. Viking Fund Management LLC now owns 495,000 shares of the utilities provider's stock worth $35,091,000 after purchasing an additional 200,000 shares during the last quarter. Trust Co. of Vermont increased its position in NextEra Energy by 2.2% during the first quarter. Trust Co. of Vermont now owns 385,592 shares of the utilities provider's stock worth $27,335,000 after purchasing an additional 8,472 shares during the last quarter. GAMMA Investing LLC increased its position in NextEra Energy by 20.7% during the first quarter. GAMMA Investing LLC now owns 34,681 shares of the utilities provider's stock worth $2,459,000 after purchasing an additional 5,949 shares during the last quarter. Finally, Blackstone Inc. increased its position in NextEra Energy by 75.3% during the fourth quarter. Blackstone Inc. now owns 3,313,252 shares of the utilities provider's stock worth $237,527,000 after purchasing an additional 1,423,730 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Trading Up 1.1%

NextEra Energy stock traded up $0.82 during midday trading on Monday, reaching $74.70. 11,355,582 shares of the stock traded hands, compared to its average volume of 11,061,430. The company has a 50-day simple moving average of $70.62 and a two-hundred day simple moving average of $70.15. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The firm has a market cap of $153.78 billion, a PE ratio of 27.98, a price-to-earnings-growth ratio of 2.60 and a beta of 0.67. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.32.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.99. The business had revenue of $6.25 billion during the quarter, compared to analysts' expectations of $6.58 billion. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The business's quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 EPS. Research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's payout ratio is presently 85.02%.

Insider Activity

In other news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction dated 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 transaction, the executive vice president owned 196,817 shares in the company, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.18% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on NEE. Wells Fargo & Company lowered their price target on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Guggenheim reiterated a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. Barclays lowered their price target on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a report on Tuesday, April 29th. Morgan Stanley lowered their price target on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a report on Wednesday, June 18th. Finally, JPMorgan Chase & Co. increased their price target on NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $84.55.

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.