GAMMA Investing LLC Buys 2,429,804 Shares of NextEra Energy, Inc. (NYSE:NEE)

GAMMA Investing LLC increased its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 8,456.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,458,536 shares of the utilities provider's stock after purchasing an additional 2,429,804 shares during the quarter. GAMMA Investing LLC owned approximately 0.12% of NextEra Energy worth $174,286,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bellwether Advisors LLC purchased a new position in shares of NextEra Energy in the 4th quarter worth approximately $30,000. WealthTrak Capital Management LLC bought a new stake in NextEra Energy during the fourth quarter worth $33,000. Copia Wealth Management purchased a new position in NextEra Energy in the fourth quarter worth $36,000. Midwest Capital Advisors LLC purchased a new position in NextEra Energy in the fourth quarter worth $44,000. Finally, Promus Capital LLC bought a new position in NextEra Energy in the 4th quarter valued at $45,000. 78.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NEE has been the topic of a number of recent analyst reports. Erste Group Bank cut NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Guggenheim restated a "buy" rating and set a $89.00 price objective on shares of NextEra Energy in a report on Thursday, March 20th. Morgan Stanley reiterated an "overweight" rating on shares of NextEra Energy in a research note on Wednesday, April 23rd. Barclays reduced their target price on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. lifted their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $83.50.

NextEra Energy Stock Performance

Shares of NYSE:NEE traded down $0.84 during trading on Wednesday, hitting $70.11. 6,276,764 shares of the company were exchanged, compared to its average volume of 12,573,733. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. The stock has a 50 day moving average of $68.42 and a 200 day moving average of $70.72. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The company has a market cap of $144.33 billion, a PE ratio of 20.80, a P/E/G ratio of 2.45 and a beta of 0.69.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.99. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The company had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. During the same period in the previous year, the company posted $0.91 EPS. The firm's revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, equities research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend is Monday, June 2nd. NextEra Energy's payout ratio is 84.64%.

Insider Activity

In related news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction on 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 sale, the executive vice president now owns 196,817 shares in the company, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.20% of the company's stock.

NextEra Energy Company 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.