Summitry LLC Acquires 221 Shares of NextEra Energy, Inc. (NYSE:NEE)

Summitry LLC lifted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 4.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,920 shares of the utilities provider’s stock after acquiring an additional 221 shares during the period. Summitry LLC’s holdings in NextEra Energy were worth $353,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NEE. Burkett Financial Services LLC lifted its stake in shares of NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC bought a new stake in NextEra Energy in the fourth quarter worth $28,000. Quarry LP purchased a new position in NextEra Energy during the third quarter worth $33,000. Luken Investment Analytics LLC bought a new position in NextEra Energy during the fourth quarter valued at $36,000. Finally, Harvest Fund Management Co. Ltd raised its stake in shares of NextEra Energy by 2,482.6% in the third quarter. Harvest Fund Management Co. Ltd now owns 594 shares of the utilities provider’s stock valued at $50,000 after acquiring an additional 571 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on NEE. Evercore ISI cut their price target on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. JPMorgan Chase & Co. upped their target price on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. Guggenheim reissued a “buy” rating and set a $89.00 price target on shares of NextEra Energy in a research note on Thursday, March 20th. Scotiabank upped their price objective on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Finally, BMO Capital Markets lifted their target price on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $85.92.

NextEra Energy Trading Down 2.0 %

NYSE:NEE opened at $68.70 on Wednesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The firm has a 50-day simple moving average of $70.70 and a 200-day simple moving average of $75.34. NextEra Energy, Inc. has a one year low of $61.30 and a one year high of $86.10. The firm has a market cap of $141.32 billion, a P/E ratio of 20.39, a P/E/G ratio of 2.45 and a beta of 0.58.

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

NextEra Energy Increases Dividend

The company also recently announced 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 is an increase from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a yield of 3.30%. NextEra Energy’s payout ratio is currently 67.06%.

Insider Buying and Selling at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the completion of the transaction, the chief accounting officer now owns 27,427 shares in the company, valued at $1,867,504.43. The trade was a 7.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.18% of the company’s stock.

NextEra Energy Company 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.