Summit Financial LLC Increases Holdings in NextEra Energy, Inc. (NYSE:NEE)

Summit Financial LLC raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 9.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,530 shares of the utilities provider's stock after buying an additional 7,076 shares during the quarter. Summit Financial LLC's holdings in NextEra Energy were worth $5,988,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in NEE. Burkett Financial Services LLC lifted its holdings in shares of NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider's stock worth $26,000 after acquiring an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC bought a new stake in NextEra Energy during the fourth quarter worth about $28,000. Quarry LP purchased a new position in shares of NextEra Energy in the 3rd quarter worth about $33,000. WealthTrak Capital Management LLC bought a new position in shares of NextEra Energy during the 4th quarter valued at about $33,000. Finally, Luken Investment Analytics LLC purchased a new position in shares of NextEra Energy during the 4th quarter valued at about $36,000. 78.72% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction dated 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 directly owns 27,427 shares of the company's stock, valued at $1,867,504.43. This trade represents a 7.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.18% of the company's stock.

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Analyst Ratings Changes

A number of research analysts have commented on the stock. Morgan Stanley increased their price target on shares of NextEra Energy from $95.00 to $97.00 and gave the company an "overweight" rating in a research report on Thursday, March 20th. BMO Capital Markets increased their target price on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Scotiabank boosted their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a "sector outperform" rating in a research note on Thursday, December 12th. Guggenheim restated a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a research report on Thursday, March 20th. Finally, JPMorgan Chase & Co. lifted their price objective on NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Eight 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, the stock has a consensus rating of "Hold" and a consensus target price of $85.92.

NextEra Energy Trading Up 2.3 %

Shares of NEE traded up $1.60 during trading hours on Thursday, reaching $72.08. 13,643,924 shares of the company traded hands, compared to its average volume of 10,645,592. NextEra Energy, Inc. has a 12 month low of $61.31 and a 12 month high of $86.10. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The company's fifty day moving average price is $70.71 and its two-hundred day moving average price is $74.87. The company has a market capitalization of $148.27 billion, a price-to-earnings ratio of 21.39, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Equities research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share 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 given a dividend of $0.5665 per share. The ex-dividend date was Friday, February 28th. This represents a $2.27 annualized dividend and a yield of 3.14%. This is a positive change from NextEra Energy's previous quarterly dividend of $0.52. NextEra Energy's dividend payout ratio (DPR) is currently 67.06%.

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.