NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC raised its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.6% during the 4th quarter, Holdings Channel reports. The firm owned 12,881 shares of the utilities provider’s stock after buying an additional 330 shares during the quarter. Pathway Financial Advisers LLC’s holdings in NextEra Energy were worth $923,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Avestar Capital LLC increased its holdings in NextEra Energy by 10.3% in the 4th quarter. Avestar Capital LLC now owns 11,692 shares of the utilities provider’s stock worth $838,000 after buying an additional 1,092 shares during the period. Castle Wealth Management LLC increased its stake in shares of NextEra Energy by 5.0% in the fourth quarter. Castle Wealth Management LLC now owns 19,271 shares of the utilities provider’s stock worth $1,382,000 after acquiring an additional 918 shares during the period. Naples Global Advisors LLC raised its holdings in shares of NextEra Energy by 1.5% during the fourth quarter. Naples Global Advisors LLC now owns 92,657 shares of the utilities provider’s stock worth $6,643,000 after purchasing an additional 1,351 shares during the last quarter. Jmac Enterprises LLC lifted its position in NextEra Energy by 17.9% during the fourth quarter. Jmac Enterprises LLC now owns 7,002 shares of the utilities provider’s stock valued at $502,000 after purchasing an additional 1,064 shares during the period. Finally, Great Lakes Retirement Inc. lifted its position in NextEra Energy by 2.1% during the fourth quarter. Great Lakes Retirement Inc. now owns 11,063 shares of the utilities provider’s stock valued at $793,000 after purchasing an additional 230 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Guggenheim lifted their price objective on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Jefferies Financial Group reduced their price target on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Evercore ISI decreased their price target on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a report on Monday, January 27th. Scotiabank raised their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Finally, Morgan Stanley boosted their target price on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $85.85.

NextEra Energy Trading Down 1.5 %

Shares of NextEra Energy stock opened at $69.28 on Thursday. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10. The firm has a market capitalization of $142.47 billion, a PE ratio of 20.56, a P/E/G ratio of 2.42 and a beta of 0.58. The firm’s 50-day moving average price is $71.27 and its 200 day moving average price is $76.92.

NextEra Energy (NYSE:NEE) last released its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. On average, sell-side analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Company 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.