Summitry LLC Raises Holdings in NextEra Energy, Inc. (NYSE:NEE)

Summitry LLC lifted its stake in NextEra Energy, Inc. (NYSE:NEE) by 4.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,920 shares of the utilities provider’s stock after purchasing an additional 221 shares during the quarter. Summitry LLC’s holdings in NextEra Energy were worth $353,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Howard Capital Management Group LLC lifted its stake in shares of NextEra Energy by 1.8% during the third quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider’s stock worth $25,293,000 after buying an additional 5,409 shares during the period. Quest Partners LLC purchased a new position in NextEra Energy in the 3rd quarter worth $183,000. Harvest Fund Management Co. Ltd lifted its position in NextEra Energy by 2,482.6% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 594 shares of the utilities provider’s stock worth $50,000 after acquiring an additional 571 shares during the period. Loomis Sayles & Co. L P grew its stake in NextEra Energy by 7.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 2,756 shares of the utilities provider’s stock valued at $233,000 after purchasing an additional 199 shares during the last quarter. Finally, Brown Brothers Harriman & Co. increased its holdings in shares of NextEra Energy by 1.9% in the third quarter. Brown Brothers Harriman & Co. now owns 33,743 shares of the utilities provider’s stock valued at $2,852,000 after purchasing an additional 633 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Down 2.0 %

Shares of NYSE NEE opened at $68.70 on Wednesday. The firm has a market cap of $141.32 billion, a price-to-earnings ratio of 20.39, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The company’s 50-day simple moving average is $70.70 and its 200-day simple moving average is $75.34. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a 52-week low of $61.30 and a 52-week high of $86.10.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Equities analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were issued a $0.5665 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.30%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio (DPR) is presently 67.06%.

Insiders Place Their Bets

In other news, CAO James Michael May sold 2,383 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total value of $162,258.47. Following the transaction, the chief accounting officer now directly owns 27,427 shares of the company’s stock, valued at approximately $1,867,504.43. This trade represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Jefferies Financial Group dropped their target price on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. BMO Capital Markets increased their price target on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Guggenheim reiterated a “buy” rating and set a $89.00 price objective on shares of NextEra Energy in a research note on Thursday, March 20th. Evercore ISI lowered their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research note on Monday, January 27th. Finally, Morgan Stanley lifted their price target on NextEra Energy from $95.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, March 20th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $85.92.

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.