Summit Global Investments Invests $223,000 in NextEra Energy, Inc. (NYSE:NEE)

Summit Global Investments bought a new stake in NextEra Energy, Inc. (NYSE:NEE) in the 4th quarter, HoldingsChannel.com reports. The firm bought 3,109 shares of the utilities provider’s stock, valued at approximately $223,000.

Several other large investors have also recently made changes to their positions in NEE. Millstone Evans Group LLC acquired a new position in shares of NextEra Energy in the fourth quarter worth about $179,000. Wayfinding Financial LLC acquired a new position in NextEra Energy in the 4th quarter worth about $628,000. TD Private Client Wealth LLC boosted its position in NextEra Energy by 1.2% during the fourth quarter. TD Private Client Wealth LLC now owns 99,473 shares of the utilities provider’s stock worth $7,131,000 after purchasing an additional 1,189 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in NextEra Energy by 158.1% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 96,522 shares of the utilities provider’s stock worth $6,920,000 after purchasing an additional 59,130 shares in the last quarter. Finally, HUB Investment Partners LLC grew its holdings in NextEra Energy by 7.9% in the fourth quarter. HUB Investment Partners LLC now owns 126,244 shares of the utilities provider’s stock valued at $9,050,000 after purchasing an additional 9,197 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Trading Down 2.0 %

Shares of NextEra Energy stock opened at $68.70 on Wednesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The stock’s 50 day simple moving average is $70.70 and its 200-day simple moving average is $75.34. The stock has a market cap of $141.32 billion, a P/E ratio of 20.39, a P/E/G ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 1-year low of $61.30 and a 1-year high of $86.10.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a dividend of $0.5665 per share. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a yield of 3.30%. The ex-dividend date was Friday, February 28th. NextEra Energy’s dividend payout ratio (DPR) is presently 67.06%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NEE. Morgan Stanley upped their target price on NextEra Energy from $95.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, March 20th. JPMorgan Chase & Co. upped their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Evercore ISI dropped their target price on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research report on Monday, January 27th. Jefferies Financial Group cut their target price on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Finally, Scotiabank raised their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, NextEra Energy currently has a consensus rating of “Hold” and an average price target of $85.92.

Insiders Place Their Bets

In other news, CAO James Michael May sold 2,383 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief accounting officer now owns 27,427 shares in the company, valued at $1,867,504.43. This trade represents a 7.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is owned by insiders.

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.