Crumly & Associates Inc. Purchases Shares of 7,752 NextEra Energy, Inc. (NYSE:NEE)

Crumly & Associates Inc. purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 7,752 shares of the utilities provider's stock, valued at approximately $550,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bellwether Advisors LLC acquired a new position in shares of NextEra Energy during the fourth quarter worth $30,000. WealthTrak Capital Management LLC acquired a new position in shares of NextEra Energy during the fourth quarter worth $33,000. Copia Wealth Management acquired a new position in shares of NextEra Energy during the fourth quarter worth $36,000. Midwest Capital Advisors LLC acquired a new position in shares of NextEra Energy during the fourth quarter worth $44,000. Finally, Promus Capital LLC acquired a new position in shares of NextEra Energy during the fourth quarter worth $45,000. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Trading Up 0.1%

NYSE NEE opened at $71.61 on Friday. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.55 and a quick ratio of 0.45. The company has a market capitalization of $147.41 billion, a price-to-earnings ratio of 26.82, a price-to-earnings-growth ratio of 2.52 and a beta of 0.68. The company's fifty day moving average price is $69.57 and its two-hundred day moving average price is $70.28.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data 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 21.81% and a return on equity of 12.06%. The firm had revenue of $6.25 billion for the quarter, compared to the consensus estimate of $6.58 billion. During the same period in the prior year, the firm posted $0.91 EPS. The firm's revenue was up 9.0% compared to the same quarter last year. As a group, research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a $0.5665 dividend. The ex-dividend date was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.16%. NextEra Energy's payout ratio is currently 85.02%.

Insider Transactions at NextEra Energy

In other news, EVP Charles E. Sieving sold 23,684 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president now directly owns 196,817 shares in the company, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.20% of the company's stock.

Analyst Ratings Changes

NEE has been the topic of a number of recent research reports. Wells Fargo & Company reduced their target price 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. BMO Capital Markets reduced their target price on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. UBS Group reduced their target price on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock 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 research report on Thursday, May 8th. Finally, Morgan Stanley reduced their target price on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research report on Wednesday. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $84.50.

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.

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