AAFMAA Wealth Management & Trust LLC Acquires New Shares in NextEra Energy, Inc. (NYSE:NEE)

AAFMAA Wealth Management & Trust LLC bought a new position in NextEra Energy, Inc. (NYSE:NEE) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 19,535 shares of the utilities provider’s stock, valued at approximately $1,385,000.

A number of other hedge funds also recently added to or reduced their stakes in NEE. L.M. Kohn & Company grew its holdings in shares of NextEra Energy by 1.0% during the 4th quarter. L.M. Kohn & Company now owns 15,353 shares of the utilities provider’s stock worth $1,101,000 after purchasing an additional 145 shares in the last quarter. Tortoise Investment Management LLC lifted its position in NextEra Energy by 8.3% in the fourth quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider’s stock worth $139,000 after purchasing an additional 149 shares during the period. Anchor Capital Advisors LLC boosted its stake in NextEra Energy by 5.1% during the fourth quarter. Anchor Capital Advisors LLC now owns 3,105 shares of the utilities provider’s stock worth $223,000 after buying an additional 150 shares in the last quarter. Aspen Investment Management Inc boosted its stake in NextEra Energy by 1.0% during the fourth quarter. Aspen Investment Management Inc now owns 15,106 shares of the utilities provider’s stock worth $1,083,000 after buying an additional 151 shares in the last quarter. Finally, Cim LLC increased its holdings in NextEra Energy by 0.5% in the 4th quarter. Cim LLC now owns 33,434 shares of the utilities provider’s stock valued at $2,397,000 after buying an additional 158 shares during the period. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Trading Up 0.9%

NEE stock opened at $72.16 on Friday. The business has a fifty day moving average price of $68.45 and a 200 day moving average price of $70.64. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. The stock has a market capitalization of $148.55 billion, a price-to-earnings ratio of 21.41, a P/E/G ratio of 2.45 and a beta of 0.68.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting the consensus estimate 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 analysts’ expectations of $6.58 billion. During the same quarter in the prior year, the business earned $0.91 earnings per share. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. Analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend is Monday, June 2nd. NextEra Energy’s payout ratio is presently 84.64%.

Insider Buying and Selling at NextEra Energy

In other news, EVP Charles E. Sieving sold 23,684 shares of the company’s stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction 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 represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NEE. Morgan Stanley reaffirmed an “overweight” rating on shares of NextEra Energy in a report on Wednesday, April 23rd. UBS Group cut their price target on shares of NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a research note on Friday, May 23rd. JPMorgan Chase & Co. lifted their price objective on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. BMO Capital Markets dropped their target price on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a report on Monday, April 14th. Finally, Barclays decreased their price target on NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 29th. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, NextEra Energy currently has an average rating of “Moderate Buy” and a consensus target price of $83.50.

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.