Summit Securities Group LLC Sells 9,651 Shares of NextEra Energy, Inc. $NEE

Summit Securities Group LLC lessened its stake in NextEra Energy, Inc. (NYSE:NEE) by 87.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,342 shares of the utilities provider’s stock after selling 9,651 shares during the period. Summit Securities Group LLC’s holdings in NextEra Energy were worth $125,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of NextEra Energy in the 4th quarter worth approximately $2,816,327,000. Employees Provident Fund Board bought a new stake in shares of NextEra Energy during the fourth quarter valued at approximately $240,840,000. Pictet Asset Management Holding SA increased its position in shares of NextEra Energy by 47.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 9,254,022 shares of the utilities provider’s stock valued at $742,913,000 after purchasing an additional 2,972,924 shares during the period. Danica Pension Livsforsikringsaktieselskab acquired a new position in shares of NextEra Energy in the third quarter valued at $177,198,000. Finally, Vanguard Group Inc. lifted its position in NextEra Energy by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 216,033,697 shares of the utilities provider’s stock worth $17,343,185,000 after purchasing an additional 2,234,176 shares during the period. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Trading Down 0.5%

Shares of NEE stock opened at $87.04 on Friday. The company has a market capitalization of $181.51 billion, a P/E ratio of 22.15, a P/E/G ratio of 2.56 and a beta of 0.67. NextEra Energy, Inc. has a 12-month low of $69.24 and a 12-month high of $98.75. The company has a quick ratio of 0.44, a current ratio of 0.54 and a debt-to-equity ratio of 1.41. The firm has a 50-day moving average price of $88.69 and a 200 day moving average price of $88.88.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.06. The firm had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.43 billion. NextEra Energy had a net margin of 29.36% and a return on equity of 12.25%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.99 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. Research analysts forecast that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, June 5th were issued a dividend of $0.6232 per share. This represents a $2.49 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Friday, June 5th. NextEra Energy’s dividend payout ratio (DPR) is currently 63.36%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NEE. Evercore reaffirmed an “outperform” rating and set a $107.00 price objective on shares of NextEra Energy in a report on Monday, May 4th. Morgan Stanley raised their price target on shares of NextEra Energy from $111.00 to $117.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 24th. Mizuho lifted their price objective on NextEra Energy from $90.00 to $95.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. DA Davidson increased their target price on NextEra Energy from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Finally, Weiss Ratings downgraded NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $99.90.

About NextEra Energy

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.