Summit Financial Group Inc. Sells 300 Shares of NextEra Energy, Inc. (NYSE:NEE)

Summit Financial Group Inc. decreased its holdings in NextEra Energy, Inc. (NYSE:NEEFree Report) by 2.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,480 shares of the utilities provider’s stock after selling 300 shares during the period. Summit Financial Group Inc.’s holdings in NextEra Energy were worth $670,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of NEE. Norges Bank bought a new position in shares of NextEra Energy during the fourth quarter worth approximately $2,561,055,000. International Assets Investment Management LLC increased its stake in shares of NextEra Energy by 7,999.6% during the fourth quarter. International Assets Investment Management LLC now owns 2,173,459 shares of the utilities provider’s stock worth $132,016,000 after purchasing an additional 2,146,625 shares during the period. Vanguard Group Inc. increased its stake in shares of NextEra Energy by 1.0% during the third quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock worth $11,368,065,000 after purchasing an additional 1,956,153 shares during the period. Capital World Investors bought a new position in shares of NextEra Energy during the fourth quarter worth approximately $114,953,000. Finally, AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of NextEra Energy during the fourth quarter worth approximately $94,883,000. Institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

NEE has been the topic of a number of analyst reports. Scotiabank increased their price target on NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research report on Monday, April 22nd. StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Evercore ISI raised their price objective on NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a report on Wednesday, June 12th. BMO Capital Markets raised their price objective on NextEra Energy from $78.00 to $79.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. Finally, Royal Bank of Canada raised their price objective on NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus target price of $74.86.

Check Out Our Latest Stock Report on NEE

NextEra Energy Stock Performance

Shares of NEE stock traded down $1.87 during trading on Wednesday, hitting $70.44. The company’s stock had a trading volume of 29,169,776 shares, compared to its average volume of 10,573,703. The company has a market cap of $144.72 billion, a PE ratio of 19.19, a P/E/G ratio of 2.47 and a beta of 0.56. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12. The business has a fifty day moving average of $71.79 and a 200-day moving average of $63.80. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $80.47.

NextEra Energy (NYSE:NEEGet Free Report) last released its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.11. The company had revenue of $5.73 billion during the quarter, compared to analyst estimates of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. NextEra Energy’s quarterly revenue was down 14.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.84 earnings per share. As a group, research analysts anticipate that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.92%. The ex-dividend date was Monday, June 3rd. NextEra Energy’s dividend payout ratio (DPR) is 56.13%.

NextEra Energy Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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