Hummer Financial Advisory Services Inc Raises Position in NextEra Energy, Inc. (NYSE:NEE)

Hummer Financial Advisory Services Inc increased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 17.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,400 shares of the utilities provider’s stock after purchasing an additional 800 shares during the quarter. Hummer Financial Advisory Services Inc’s holdings in NextEra Energy were worth $383,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in NEE. Bellwether Advisors LLC purchased a new position in shares of NextEra Energy in the fourth quarter valued at about $30,000. WealthTrak Capital Management LLC purchased a new position in shares of NextEra Energy in the fourth quarter valued at about $33,000. Copia Wealth Management purchased a new position in shares of NextEra Energy in the fourth quarter valued at about $36,000. Midwest Capital Advisors LLC purchased a new position in shares of NextEra Energy in the fourth quarter valued at about $44,000. Finally, Promus Capital LLC purchased a new position in shares of NextEra Energy in the fourth quarter valued at about $45,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Up 2.1%

NYSE:NEE opened at $70.47 on Monday. The firm has a market capitalization of $145.07 billion, a P/E ratio of 20.91, a PEG ratio of 2.45 and a beta of 0.69. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. The company’s 50-day simple moving average is $68.40 and its 200 day simple moving average is $70.76.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting analysts’ consensus estimates of $0.99. The firm had revenue of $6.25 billion for the quarter, compared to analysts’ expectations of $6.58 billion. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.91 EPS. As a group, analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors 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 dividend yield of 3.22%. NextEra Energy’s payout ratio is currently 84.64%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Erste Group Bank cut shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 8th. BMO Capital Markets decreased their price objective on shares of NextEra Energy from $84.00 to $77.00 and set an “outperform” rating on the stock in a research report on Monday, April 14th. Morgan Stanley restated an “overweight” rating on shares of NextEra Energy in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. boosted their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Finally, Guggenheim reaffirmed a “buy” rating and set a $89.00 target price on shares of NextEra Energy in a research note on Thursday, March 20th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $83.50.

Insider Buying and Selling

In related news, EVP Charles E. Sieving sold 23,684 shares of the company’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $70.00, for a total value of $1,657,880.00. Following the sale, the executive vice president now owns 196,817 shares in the company, valued at $13,777,190. This represents a 10.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.20% of the stock is currently owned by company insiders.

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.