NextEra Energy, Inc. $NEE Shares Acquired by Summit Investment Advisors Inc.

Summit Investment Advisors Inc. increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 95,633 shares of the utilities provider’s stock after acquiring an additional 1,954 shares during the quarter. Summit Investment Advisors Inc.’s holdings in NextEra Energy were worth $6,779,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in NextEra Energy by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider’s stock valued at $14,697,086,000 after buying an additional 2,025,193 shares during the period. Northern Trust Corp grew its holdings in NextEra Energy by 1.1% in the first quarter. Northern Trust Corp now owns 23,353,245 shares of the utilities provider’s stock valued at $1,655,512,000 after purchasing an additional 262,819 shares during the period. Goldman Sachs Group Inc. increased its position in NextEra Energy by 6.7% during the first quarter. Goldman Sachs Group Inc. now owns 21,269,146 shares of the utilities provider’s stock worth $1,507,770,000 after purchasing an additional 1,336,259 shares during the last quarter. GQG Partners LLC raised its stake in NextEra Energy by 58.4% during the first quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider’s stock worth $1,221,896,000 after purchasing an additional 6,352,798 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of NextEra Energy by 20.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider’s stock valued at $1,165,748,000 after purchasing an additional 2,815,629 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Price Performance

NEE opened at $83.92 on Friday. The company has a market capitalization of $174.76 billion, a P/E ratio of 26.72, a PEG ratio of 2.76 and a beta of 0.69. The company has a 50-day moving average of $78.17 and a 200-day moving average of $73.95. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $87.53.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.09. The firm had revenue of $7.97 billion during the quarter, compared to analyst estimates of $8.13 billion. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.NextEra Energy’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.03 earnings per share. Equities analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, November 21st. NextEra Energy’s dividend payout ratio is currently 71.97%.

Insider Buying and Selling

In other news, EVP Michael Dunne sold 10,000 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $70.79, for a total transaction of $707,900.00. Following the sale, the executive vice president directly owned 62,064 shares in the company, valued at approximately $4,393,510.56. This represents a 13.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Charles E. Sieving sold 11,336 shares of the business’s stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the transaction, the executive vice president owned 167,481 shares of the company’s stock, valued at $13,398,480. This represents a 6.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 23,028 shares of company stock worth $1,738,973 over the last quarter. 0.18% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on NEE shares. TD Cowen assumed coverage on NextEra Energy in a report on Thursday, October 16th. They set a “buy” rating and a $98.00 price objective for the company. Weiss Ratings restated a “hold (c+)” rating on shares of NextEra Energy in a report on Tuesday, October 14th. Melius started coverage on shares of NextEra Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $77.00 target price for the company. Wells Fargo & Company upgraded shares of NextEra Energy to a “strong-buy” rating in a research note on Tuesday, October 28th. Finally, Cowen initiated coverage on NextEra Energy in a research report on Wednesday, October 15th. They issued a “buy” rating for the company. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $90.22.

NextEra Energy 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.