NextEra Energy, Inc. $NEE Stock Acquired by Summit Global Investments

Summit Global Investments raised its stake in NextEra Energy, Inc. (NYSE:NEE) by 102.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 12,044 shares of the utilities provider’s stock after acquiring an additional 6,109 shares during the period. Summit Global Investments’ holdings in NextEra Energy were worth $912,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NEE. Pin Oak Investment Advisors Inc. bought a new stake in NextEra Energy in the 2nd quarter valued at $26,000. Kilter Group LLC bought a new position in NextEra Energy during the 2nd quarter worth about $25,000. Manning & Napier Advisors LLC bought a new position in NextEra Energy during the 2nd quarter worth about $26,000. Axiom Investment Management LLC acquired a new stake in shares of NextEra Energy in the 1st quarter valued at about $32,000. Finally, Financial Network Wealth Advisors LLC raised its stake in shares of NextEra Energy by 83.0% in the 2nd quarter. Financial Network Wealth Advisors LLC now owns 344 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 156 shares during the period. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 1.7%

Shares of NEE stock opened at $85.17 on Tuesday. The company has a current ratio of 0.53, a quick ratio of 0.45 and a debt-to-equity ratio of 1.33. NextEra Energy, Inc. has a 1 year low of $74.41 and a 1 year high of $98.75. The firm’s fifty day moving average price is $80.27 and its two-hundred day moving average price is $87.19. The firm has a market capitalization of $178.62 billion, a P/E ratio of 20.15, a PEG ratio of 2.51 and a beta of 0.64.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, October 21st. The utilities provider reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.04. The company had revenue of $8.09 billion during the quarter, compared to the consensus estimate of $8.47 billion. NextEra Energy had a net margin of 40.37% and a return on equity of 12.27%. The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.13 EPS. On average, equities analysts predict that NextEra Energy, Inc. will post 4.01 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Friday, November 27th will be issued a dividend of $0.6232 per share. This represents a $2.49 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, November 27th. NextEra Energy’s payout ratio is presently 44.86%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NEE. Piper Sandler set a $88.00 price target on NextEra Energy in a report on Tuesday, October 20th. Jefferies Financial Group reiterated a “hold” rating on shares of NextEra Energy in a report on Thursday, October 8th. Sanford C. Bernstein reissued an “outperform” rating and issued a $108.00 target price on shares of NextEra Energy in a research report on Wednesday, October 21st. Mizuho cut their target price on NextEra Energy from $95.00 to $80.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 6th. Finally, Wall Street Zen raised NextEra Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 17th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $97.80.

NextEra Energy Company Profile

NextEra Energy, Inc is an energy infrastructure company headquartered in Juno Beach, Florida. Through its businesses, the company generates, transmits, distributes and sells electricity, with a focus on regulated utility operations and clean energy development.

Florida Power & Light Company, NextEra Energy’s principal regulated utility, serves customers across much of Florida. FPL operates electric generation, transmission and distribution infrastructure and provides retail electricity service to residential, commercial and industrial customers.

NextEra Energy Resources develops, owns and operates renewable energy and energy storage projects, including wind and solar facilities.