Capital Management Associates Inc Purchases New Position in NextEra Energy, Inc. (NYSE:NEE)

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

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Interchange Capital Partners LLC increased its position in shares of NextEra Energy by 3.0% during the first quarter. Interchange Capital Partners LLC now owns 17,824 shares of the utilities provider's stock worth $1,264,000 after acquiring an additional 516 shares in the last quarter. Financial Counselors Inc. increased its position in shares of NextEra Energy by 86.7% during the first quarter. Financial Counselors Inc. now owns 207,029 shares of the utilities provider's stock worth $14,676,000 after acquiring an additional 96,164 shares in the last quarter. YANKCOM Partnership increased its position in shares of NextEra Energy by 129.1% during the first quarter. YANKCOM Partnership now owns 11,095 shares of the utilities provider's stock worth $787,000 after acquiring an additional 6,252 shares in the last quarter. Callan Capital LLC increased its position in shares of NextEra Energy by 6.4% during the first quarter. Callan Capital LLC now owns 12,344 shares of the utilities provider's stock worth $875,000 after acquiring an additional 743 shares in the last quarter. Finally, TD Private Client Wealth LLC increased its position in shares of NextEra Energy by 4.4% during the first quarter. TD Private Client Wealth LLC now owns 103,844 shares of the utilities provider's stock worth $7,361,000 after acquiring an additional 4,371 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NEE has been the subject of several recent research reports. UBS Group decreased their target price 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. Erste Group Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Guggenheim restated a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. BMO Capital Markets cut their price target on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Finally, Barclays boosted their price target on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a report on Thursday. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $84.73.

NextEra Energy Stock Performance

NEE traded up $1.02 during midday trading on Thursday, reaching $74.67. The company had a trading volume of 6,954,736 shares, compared to its average volume of 11,112,181. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.45 and a current ratio of 0.55. The stock has a market cap of $153.73 billion, a PE ratio of 27.97, a P/E/G ratio of 2.55 and a beta of 0.67. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The business has a 50-day moving average price of $71.03 and a two-hundred day moving average price of $70.21.

NextEra Energy (NYSE:NEE - Get Free Report) last released its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting analysts' consensus estimates of $0.99. The firm had revenue of $6.25 billion for the quarter, compared to analysts' expectations of $6.58 billion. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The company's quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.91 earnings per share. On average, sell-side analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's payout ratio is currently 85.02%.

Insider Activity at NextEra Energy

In related news, 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 transaction of $1,657,880.00. Following the sale, the executive vice president directly owned 196,817 shares in the company, valued at approximately $13,777,190. This represents a 10.74% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.20% of the company's stock.

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.