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

Pathway Financial Advisers LLC grew its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 14.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,755 shares of the utilities provider’s stock after acquiring an additional 1,511 shares during the period. Pathway Financial Advisers LLC’s holdings in NextEra Energy were worth $831,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Legal & General Group Plc grew its position in shares of NextEra Energy by 0.7% in the 2nd quarter. Legal & General Group Plc now owns 21,298,642 shares of the utilities provider’s stock worth $1,508,155,000 after buying an additional 143,748 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in NextEra Energy by 9.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 8,178,185 shares of the utilities provider’s stock valued at $579,097,000 after acquiring an additional 691,341 shares in the last quarter. Nordea Investment Management AB boosted its holdings in NextEra Energy by 22.3% in the first quarter. Nordea Investment Management AB now owns 6,961,556 shares of the utilities provider’s stock valued at $443,834,000 after acquiring an additional 1,268,900 shares in the last quarter. 1832 Asset Management L.P. raised its holdings in NextEra Energy by 10.5% in the 4th quarter. 1832 Asset Management L.P. now owns 6,631,121 shares of the utilities provider’s stock worth $402,774,000 after purchasing an additional 629,032 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in NextEra Energy by 7.2% in the 2nd quarter. Principal Financial Group Inc. now owns 6,100,348 shares of the utilities provider’s stock worth $431,966,000 after purchasing an additional 409,708 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

NextEra Energy Price Performance

NYSE NEE opened at $84.52 on Tuesday. 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 company has a market capitalization of $173.65 billion, a price-to-earnings ratio of 23.03, a PEG ratio of 3.08 and a beta of 0.56. The stock has a 50-day moving average of $79.85 and a 200 day moving average of $73.57. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $85.56.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $7.29 billion. During the same period in the previous year, the company earned $0.88 earnings per share. On average, sell-side analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date was Friday, August 30th. NextEra Energy’s dividend payout ratio is 56.13%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Scotiabank boosted their price target on shares of NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Royal Bank of Canada lifted their price target on NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Evercore ISI increased their price objective on NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a report on Wednesday, June 12th. Bank of America boosted their target price 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. Finally, Morgan Stanley increased their price target on shares of NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $82.07.

Insider Activity

In related news, EVP Nicole J. Daggs sold 658 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the sale, the executive vice president now directly owns 100 shares in the company, valued at $7,697. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.18% of the company’s stock.

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.