Summit Asset Management LLC Raises Holdings in NextEra Energy Inc (NEE)

Summit Asset Management LLC raised its position in NextEra Energy Inc (NYSE:NEE) by 14.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,195 shares of the utilities provider’s stock after buying an additional 520 shares during the quarter. Summit Asset Management LLC’s holdings in NextEra Energy were worth $655,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in NEE. Risk Paradigm Group LLC raised its stake in shares of NextEra Energy by 108.1% during the third quarter. Risk Paradigm Group LLC now owns 851 shares of the utilities provider’s stock worth $125,000 after purchasing an additional 442 shares during the last quarter. Archford Capital Strategies LLC raised its stake in shares of NextEra Energy by 76.9% during the second quarter. Archford Capital Strategies LLC now owns 10,000 shares of the utilities provider’s stock worth $128,000 after purchasing an additional 4,347 shares during the last quarter. Cerebellum GP LLC purchased a new stake in shares of NextEra Energy during the fourth quarter worth approximately $128,000. Horan Capital Advisors LLC. purchased a new stake in shares of NextEra Energy during the third quarter worth approximately $134,000. Finally, Fieldpoint Private Securities LLC raised its stake in shares of NextEra Energy by 84.0% during the third quarter. Fieldpoint Private Securities LLC now owns 920 shares of the utilities provider’s stock worth $135,000 after purchasing an additional 420 shares during the last quarter. Institutional investors and hedge funds own 75.44% of the company’s stock.

NextEra Energy Inc (NYSE:NEE) opened at $145.29 on Friday. NextEra Energy Inc has a twelve month low of $124.18 and a twelve month high of $159.64. The firm has a market capitalization of $69,661.18, a price-to-earnings ratio of 12.76, a P/E/G ratio of 2.43 and a beta of 0.28. The company has a current ratio of 0.64, a quick ratio of 0.52 and a debt-to-equity ratio of 1.07.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, January 26th. The utilities provider reported $1.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.06). NextEra Energy had a return on equity of 11.50% and a net margin of 31.28%. The business had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same period in the prior year, the company earned $1.21 EPS. The company’s revenue was up 8.4% on a year-over-year basis. analysts expect that NextEra Energy Inc will post 7.72 EPS for the current fiscal year.

Several equities research analysts have recently commented on the company. UBS Group assumed coverage on NextEra Energy in a research note on Friday, February 2nd. They set a “buy” rating and a $177.00 price target for the company. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Guggenheim restated a “buy” rating and set a $182.00 price target on shares of NextEra Energy in a research note on Friday, January 26th. JPMorgan Chase & Co. set a $169.00 price target on NextEra Energy and gave the stock a “hold” rating in a research note on Thursday, October 12th. Finally, Royal Bank of Canada restated a “buy” rating and set a $156.00 price target on shares of NextEra Energy in a research note on Tuesday, November 7th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $162.00.

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 9,250 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $151.83, for a total value of $1,404,427.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Armando Pimentel, Jr. sold 42,372 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $157.45, for a total value of $6,671,471.40. Following the completion of the sale, the chief executive officer now directly owns 121,958 shares in the company, valued at approximately $19,202,287.10. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company’s stock.

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About NextEra Energy

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.

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

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