Pathway Financial Advisers LLC Boosts Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Pathway Financial Advisers LLC raised its position in NextEra Energy, Inc. (NYSE:NEE) by 6.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,551 shares of the utilities provider’s stock after purchasing an additional 796 shares during the period. Pathway Financial Advisers LLC’s holdings in NextEra Energy were worth $1,061,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Toth Financial Advisory Corp increased its position in NextEra Energy by 625.9% during the first quarter. Toth Financial Advisory Corp now owns 813 shares of the utilities provider’s stock worth $52,000 after purchasing an additional 701 shares during the last quarter. Alpha Omega Wealth Management LLC raised its position in shares of NextEra Energy by 13.2% in the 1st quarter. Alpha Omega Wealth Management LLC now owns 8,227 shares of the utilities provider’s stock worth $526,000 after buying an additional 960 shares during the period. Vicus Capital boosted its holdings in NextEra Energy by 57.1% in the first quarter. Vicus Capital now owns 6,552 shares of the utilities provider’s stock valued at $419,000 after acquiring an additional 2,381 shares during the last quarter. Foguth Wealth Management LLC. purchased a new stake in NextEra Energy during the first quarter valued at about $238,000. Finally, Cornerstone Wealth Group LLC increased its stake in NextEra Energy by 310.1% during the first quarter. Cornerstone Wealth Group LLC now owns 14,271 shares of the utilities provider’s stock worth $912,000 after acquiring an additional 10,791 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $81.43 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. NextEra Energy, Inc. has a fifty-two week low of $53.81 and a fifty-two week high of $86.10. The business has a 50 day moving average price of $82.36 and a two-hundred day moving average price of $76.20. The firm has a market cap of $167.37 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 3.03 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.05. The firm had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.94 earnings per share. Sell-side analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be paid a $0.515 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a yield of 2.53%. NextEra Energy’s dividend payout ratio (DPR) is 66.88%.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total transaction of $50,646.26. Following the transaction, the executive vice president now owns 100 shares of the company’s stock, valued at $7,697. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.18% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on NEE shares. BMO Capital Markets boosted their target price on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Bank of America boosted their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group began coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $87.00 price target for the company. Finally, Barclays raised their price objective on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $86.54.

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.