Mutual of America Capital Management LLC Reduces Stake in NextEra Energy, Inc. (NYSE:NEE)

Mutual of America Capital Management LLC trimmed its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 3.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 255,983 shares of the utilities provider's stock after selling 8,170 shares during the quarter. Mutual of America Capital Management LLC's holdings in NextEra Energy were worth $18,147,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in NextEra Energy by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 205,297,225 shares of the utilities provider's stock worth $14,717,758,000 after acquiring an additional 2,090,538 shares during the last quarter. Norges Bank bought a new position in NextEra Energy in the 4th quarter worth about $3,484,197,000. Geode Capital Management LLC increased its stake in NextEra Energy by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 43,778,016 shares of the utilities provider's stock worth $3,129,132,000 after acquiring an additional 1,359,268 shares during the last quarter. Northern Trust Corp increased its stake in NextEra Energy by 9.6% in the 4th quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider's stock worth $1,655,353,000 after acquiring an additional 2,030,331 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in NextEra Energy by 15.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,921,721 shares of the utilities provider's stock worth $926,358,000 after acquiring an additional 1,707,933 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the completion of the sale, the executive vice president directly owned 196,817 shares in the company, valued at $13,777,190. This represents a 10.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.20% of the stock is owned by corporate insiders.

NextEra Energy Trading Down 0.4%

NEE stock traded down $0.29 during trading on Friday, hitting $74.35. 8,094,042 shares of the company traded hands, compared to its average volume of 11,113,128. The firm has a market capitalization of $153.06 billion, a PE ratio of 27.85, a P/E/G ratio of 2.62 and a beta of 0.67. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The company has a 50-day moving average of $71.35 and a 200-day moving average of $70.22. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.45 and a current ratio of 0.55.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting the consensus estimate of $0.99. The company 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%. NextEra Energy's quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.91 EPS. Analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.05%. The ex-dividend date was Monday, June 2nd. NextEra Energy's dividend payout ratio is presently 85.02%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. UBS Group decreased their target price on NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research note on Friday, May 23rd. Morgan Stanley decreased their target price on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 18th. Wells Fargo & Company decreased their target price on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Erste Group Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Finally, Barclays upped their target price on NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Thursday. Seven research 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 presently has a consensus rating of "Moderate Buy" and a consensus price target of $84.73.

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.