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

Summit Global Investments lifted its stake in NextEra Energy, Inc. (NYSE:NEE) by 102.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,044 shares of the utilities provider’s stock after purchasing an additional 6,109 shares during the period. Summit Global Investments’ holdings in NextEra Energy were worth $912,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Invera Wealth Advisors LLC increased its position in NextEra Energy by 5.2% in the third quarter. Invera Wealth Advisors LLC now owns 6,128 shares of the utilities provider’s stock worth $464,000 after purchasing an additional 304 shares during the period. Aprio Wealth Management LLC lifted its position in NextEra Energy by 8.7% during the 3rd quarter. Aprio Wealth Management LLC now owns 12,987 shares of the utilities provider’s stock valued at $984,000 after purchasing an additional 1,034 shares during the period. Modera Wealth Management LLC lifted its position in NextEra Energy by 20.3% during the 3rd quarter. Modera Wealth Management LLC now owns 65,877 shares of the utilities provider’s stock valued at $4,989,000 after purchasing an additional 11,106 shares during the period. Petros Family Wealth LLC boosted its stake in shares of NextEra Energy by 10.6% in the 3rd quarter. Petros Family Wealth LLC now owns 12,705 shares of the utilities provider’s stock valued at $962,000 after purchasing an additional 1,221 shares during the last quarter. Finally, Brian Low Financial Group LLC boosted its stake in shares of NextEra Energy by 4.8% in the 3rd quarter. Brian Low Financial Group LLC now owns 21,833 shares of the utilities provider’s stock valued at $1,654,000 after purchasing an additional 1,005 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on NEE shares. Bank of America lowered their price target on shares of NextEra Energy from $95.00 to $93.00 and set a “neutral” rating for the company in a research report on Monday, July 13th. Wall Street Zen raised shares of NextEra Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 17th. Seaport Research Partners reaffirmed a “sell” rating and issued a $56.00 price objective (up from $55.00) on shares of NextEra Energy in a research note on Friday, October 2nd. Scotiabank lowered their target price on shares of NextEra Energy from $110.00 to $99.00 and set an “outperform” rating for the company in a report on Wednesday, September 30th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $108.00 target price on shares of NextEra Energy in a research report on Wednesday, October 21st. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $97.80.

NextEra Energy Price Performance

NextEra Energy 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. 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. The business has a 50-day moving average of $80.27 and a 200-day moving average of $87.19. NextEra Energy, Inc. has a 1 year low of $74.41 and a 1 year high of $98.75.

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

NextEra Energy Dividend Announcement

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

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.