NextEra Energy, Inc. (NYSE:NEE) Stake Boosted by BluePath Capital Management LLC

BluePath Capital Management LLC lifted its stake in NextEra Energy, Inc. (NYSE:NEE) by 20.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,012 shares of the utilities provider’s stock after acquiring an additional 4,344 shares during the quarter. NextEra Energy makes up 0.9% of BluePath Capital Management LLC’s portfolio, making the stock its 20th biggest holding. BluePath Capital Management LLC’s holdings in NextEra Energy were worth $1,742,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Semmax Financial Advisors Inc. raised its stake in shares of NextEra Energy by 197.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 225 shares in the last quarter. Burkett Financial Services LLC lifted its stake in NextEra Energy by 1,229.6% in the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 332 shares during the last quarter. Reston Wealth Management LLC bought a new stake in NextEra Energy in the third quarter worth approximately $27,000. Quarry LP acquired a new position in shares of NextEra Energy during the 3rd quarter worth $33,000. Finally, Maryland Capital Advisors Inc. bought a new position in shares of NextEra Energy during the 3rd quarter valued at $39,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Buying and Selling

In other news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the sale, the executive vice president now directly owns 15,792 shares in the company, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Guggenheim increased their price objective on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Jefferies Financial Group initiated coverage on NextEra Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $87.00 price objective on the stock. Barclays increased their price target on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Finally, BMO Capital Markets boosted their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $87.15.

NextEra Energy Stock Performance

NYSE:NEE opened at $69.25 on Thursday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The firm’s 50-day moving average is $73.79 and its 200-day moving average is $77.26. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10. The company has a market cap of $142.41 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 2.26 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. The company had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the company earned $0.94 EPS. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 22nd were paid a $0.515 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a yield of 2.97%. NextEra Energy’s payout ratio is currently 60.95%.

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.