Summit Trail Advisors LLC Grows Stake in NextEra Energy, Inc. (NYSE:NEE)

Summit Trail Advisors LLC raised its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 23.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 39,884 shares of the utilities provider's stock after acquiring an additional 7,477 shares during the quarter. Summit Trail Advisors LLC's holdings in NextEra Energy were worth $2,827,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Bellwether Advisors LLC bought a new position in shares of NextEra Energy in the 4th quarter worth approximately $30,000. WealthTrak Capital Management LLC purchased a new stake in NextEra Energy during the fourth quarter valued at approximately $33,000. Copia Wealth Management purchased a new stake in NextEra Energy during the fourth quarter valued at approximately $36,000. Promus Capital LLC bought a new position in NextEra Energy in the fourth quarter worth approximately $45,000. Finally, Graney & King LLC purchased a new position in shares of NextEra Energy during the 4th quarter worth $46,000. Institutional investors own 78.72% of the company's stock.

Insider Activity

In related news, EVP Charles E. Sieving sold 23,684 shares of the firm's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $70.00, for a total value of $1,657,880.00. Following the completion of the transaction, the executive vice president directly owned 196,817 shares of the company's stock, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NEE. Guggenheim reaffirmed a "buy" rating and issued a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. JPMorgan Chase & Co. boosted their price objective on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. 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 research note on Thursday, April 24th. Morgan Stanley dropped their price target on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research report on Wednesday, June 18th. Finally, Erste Group Bank downgraded shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, NextEra Energy currently has an average rating of "Moderate Buy" and a consensus price target of $84.55.

NextEra Energy Price Performance

NYSE NEE traded up $0.54 on Thursday, reaching $73.56. The company had a trading volume of 8,552,405 shares, compared to its average volume of 11,020,515. The stock has a market capitalization of $151.43 billion, a PE ratio of 27.55, a price-to-earnings-growth ratio of 2.57 and a beta of 0.67. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.32. The firm's 50 day moving average price is $70.33 and its 200 day moving average price is $70.13.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting analysts' consensus estimates of $0.99. The firm had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The business's quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 earnings per share. As a group, equities analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date was Monday, June 2nd. NextEra Energy's payout ratio is 85.02%.

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.