NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Summit Global Investments

Summit Global Investments boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 332.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,433 shares of the utilities provider's stock after buying an additional 10,324 shares during the quarter. Summit Global Investments' holdings in NextEra Energy were worth $952,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of NEE. L.M. Kohn & Company lifted its stake in shares of NextEra Energy by 1.0% in the 4th quarter. L.M. Kohn & Company now owns 15,353 shares of the utilities provider's stock valued at $1,101,000 after purchasing an additional 145 shares during the period. Tortoise Investment Management LLC lifted its stake in shares of NextEra Energy by 8.3% in the 4th quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider's stock valued at $139,000 after purchasing an additional 149 shares during the period. Anchor Capital Advisors LLC increased its holdings in NextEra Energy by 5.1% in the 4th quarter. Anchor Capital Advisors LLC now owns 3,105 shares of the utilities provider's stock worth $223,000 after acquiring an additional 150 shares in the last quarter. Aspen Investment Management Inc increased its holdings in NextEra Energy by 1.0% in the 4th quarter. Aspen Investment Management Inc now owns 15,106 shares of the utilities provider's stock worth $1,083,000 after acquiring 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 worth $2,397,000 after acquiring an additional 158 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on NEE shares. BMO Capital Markets reduced their target price on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Barclays cut their price objective on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 29th. Wells Fargo & Company decreased their target price on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Erste Group Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Finally, JPMorgan Chase & Co. raised their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $83.50.

Insider Buying and Selling at NextEra Energy

In other news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president now 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 filing with the Securities & Exchange Commission, which is accessible through this link. 0.20% of the stock is currently owned by insiders.

NextEra Energy Trading Up 1.3%

NextEra Energy stock traded up $0.89 during trading on Tuesday, hitting $71.04. The company had a trading volume of 10,991,232 shares, compared to its average volume of 11,113,639. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The company's 50 day simple moving average is $68.40 and its 200-day simple moving average is $70.71. The stock has a market cap of $146.25 billion, a price-to-earnings ratio of 21.08, a price-to-earnings-growth ratio of 2.45 and a beta of 0.69.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting the consensus estimate of $0.99. The business had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.58 billion. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The company's quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.91 earnings per share. As a group, 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 paid a $0.5665 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.27 annualized dividend and a yield of 3.19%. NextEra Energy's dividend payout ratio is presently 84.64%.

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.