Capital Management Associates Inc Makes New $238,000 Investment in NextEra Energy, Inc. (NYSE:NEE)

Capital Management Associates Inc bought a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,366 shares of the utilities provider’s stock, valued at approximately $238,000.

Other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC lifted its position in shares of NextEra Energy by 33.3% in the 4th quarter. International Assets Investment Management LLC now owns 35,783 shares of the utilities provider’s stock worth $2,173,000 after purchasing an additional 8,949 shares during the period. GUNN & Co INVESTMENT MANAGEMENT INC. raised its position in shares of NextEra Energy by 1,573.0% in the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 596,204 shares of the utilities provider’s stock worth $36,213,000 after acquiring an additional 560,567 shares in the last quarter. Los Angeles Capital Management LLC raised its position in shares of NextEra Energy by 703.1% in the 4th quarter. Los Angeles Capital Management LLC now owns 299,731 shares of the utilities provider’s stock worth $18,206,000 after acquiring an additional 262,407 shares in the last quarter. Aveo Capital Partners LLC lifted its stake in shares of NextEra Energy by 17.7% during the 4th quarter. Aveo Capital Partners LLC now owns 8,033 shares of the utilities provider’s stock worth $488,000 after purchasing an additional 1,206 shares during the last quarter. Finally, Merit Financial Group LLC boosted its position in NextEra Energy by 20.3% during the fourth quarter. Merit Financial Group LLC now owns 19,911 shares of the utilities provider’s stock valued at $1,209,000 after purchasing an additional 3,362 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on NEE shares. JPMorgan Chase & Co. increased their price target on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Morgan Stanley raised their target price on shares of NextEra Energy from $85.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Citigroup upped their price target on NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. Scotiabank raised their price objective on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Finally, Mizuho lowered NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price on the stock. in a research report on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus target price of $81.00.

Insider Buying and Selling at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the sale, the executive vice president now directly owns 100 shares of the company’s stock, valued at $7,697. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is currently owned by corporate insiders.

NextEra Energy Stock Performance

NEE traded up $0.99 during trading on Friday, reaching $80.51. 6,808,205 shares of the company’s stock were exchanged, compared to its average volume of 6,723,177. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $81.07. The company’s fifty day simple moving average is $75.39 and its 200-day simple moving average is $69.57. The stock has a market capitalization of $165.48 billion, a P/E ratio of 21.94, a price-to-earnings-growth ratio of 2.92 and a beta of 0.54.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The firm had revenue of $6.07 billion during the quarter, compared to analysts’ expectations of $7.29 billion. During the same quarter last year, the company posted $0.88 earnings per share. As a group, research analysts predict that NextEra Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Friday, August 30th. NextEra Energy’s dividend payout ratio is currently 56.13%.

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.