Capital Management Associates Inc Reduces Holdings in NextEra Energy, Inc. (NYSE:NEE)

Capital Management Associates Inc lowered its stake in NextEra Energy, Inc. (NYSE:NEE) by 20.4% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,680 shares of the utilities provider’s stock after selling 686 shares during the quarter. Capital Management Associates Inc’s holdings in NextEra Energy were worth $227,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of NEE. Sigma Investment Counselors Inc. boosted its stake in shares of NextEra Energy by 1.2% during the third quarter. Sigma Investment Counselors Inc. now owns 60,723 shares of the utilities provider’s stock valued at $5,133,000 after acquiring an additional 695 shares during the last quarter. Trueblood Wealth Management LLC boosted its stake in shares of NextEra Energy by 0.9% during the 3rd quarter. Trueblood Wealth Management LLC now owns 15,155 shares of the utilities provider’s stock worth $1,281,000 after purchasing an additional 141 shares during the last quarter. Ballentine Partners LLC grew its holdings in shares of NextEra Energy by 8.4% during the third quarter. Ballentine Partners LLC now owns 44,092 shares of the utilities provider’s stock worth $3,727,000 after buying an additional 3,407 shares in the last quarter. Silver Oak Securities Incorporated raised its position in shares of NextEra Energy by 333.1% in the third quarter. Silver Oak Securities Incorporated now owns 6,198 shares of the utilities provider’s stock valued at $524,000 after buying an additional 4,767 shares during the last quarter. Finally, Moody Lynn & Lieberson LLC lifted its stake in shares of NextEra Energy by 12.0% during the third quarter. Moody Lynn & Lieberson LLC now owns 11,730 shares of the utilities provider’s stock valued at $992,000 after buying an additional 1,258 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analysts Set New Price Targets

NEE has been the subject of several analyst reports. BMO Capital Markets boosted their price target on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Morgan Stanley increased their target price on NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Dbs Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. JPMorgan Chase & Co. increased their price objective on shares of NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, Barclays boosted their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, NextEra Energy has a consensus rating of “Hold” and an average target price of $86.54.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the transaction, the executive vice president now directly owns 100 shares in the company, valued at $7,697. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.18% of the stock is currently owned by insiders.

NextEra Energy Stock Performance

Shares of NEE stock opened at $81.43 on Friday. The company’s fifty day moving average price is $82.36 and its two-hundred day moving average price is $76.12. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. The firm has a market capitalization of $167.30 billion, a P/E ratio of 22.19, a P/E/G ratio of 2.92 and a beta of 0.56. NextEra Energy, Inc. has a 12 month low of $53.81 and a 12 month high of $86.10.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The firm had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. During the same quarter last year, the firm earned $0.94 EPS. NextEra Energy’s quarterly revenue was up 5.5% on a year-over-year basis. On average, research analysts anticipate that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be given a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s 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.