Summit Trail Advisors LLC Acquires 343 Shares of NextEra Energy, Inc. (NYSE:NEE)

Summit Trail Advisors LLC raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,264 shares of the utilities provider’s stock after purchasing an additional 343 shares during the quarter. Summit Trail Advisors LLC’s holdings in NextEra Energy were worth $1,718,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of NEE. Proffitt & Goodson Inc. boosted its stake in shares of NextEra Energy by 64.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 144 shares during the period. Clear Investment Research LLC boosted its stake in shares of NextEra Energy by 387.2% during the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 364 shares during the period. American Capital Advisory LLC boosted its stake in shares of NextEra Energy by 74.5% during the 1st quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 205 shares during the period. Valley Wealth Managers Inc. purchased a new position in shares of NextEra Energy during the 2nd quarter worth about $33,000. Finally, Neo Ivy Capital Management purchased a new position in shares of NextEra Energy during the 4th quarter worth about $40,000. Institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NEE. Wells Fargo & Company lifted their price objective on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a report on Tuesday, September 3rd. Bank of America lifted their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Mizuho lowered shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price objective for the company. in a report on Wednesday, June 12th. Evercore ISI lifted their price objective on shares of NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a report on Wednesday, June 12th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus target price of $81.87.

Insider Transactions at NextEra Energy

In other news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the transaction, the executive vice president now owns 100 shares of the company’s stock, valued at approximately $7,697. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.18% of the company’s stock.

NextEra Energy Trading Up 0.6 %

NYSE:NEE opened at $82.76 on Friday. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $85.56. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49. The firm has a market cap of $170.03 billion, a P/E ratio of 22.55, a P/E/G ratio of 3.03 and a beta of 0.56. The firm has a 50-day simple moving average of $78.33 and a 200-day simple moving average of $72.34.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The firm had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $7.29 billion. During the same quarter in the previous year, the firm earned $0.88 EPS. Equities analysts anticipate that NextEra Energy, Inc. will post 3.39 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend was Friday, August 30th. NextEra Energy’s payout ratio is currently 56.13%.

NextEra Energy 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.