BluePath Capital Management LLC Acquires 4,344 Shares of NextEra Energy, Inc. (NYSE:NEE)

BluePath Capital Management LLC raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 20.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,012 shares of the utilities provider's stock after acquiring an additional 4,344 shares during the period. NextEra Energy comprises approximately 0.9% of BluePath Capital Management LLC's investment portfolio, making the stock its 20th largest 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.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NEE. Geode Capital Management LLC grew its holdings in shares of NextEra Energy by 2.0% in the third quarter. Geode Capital Management LLC now owns 42,418,748 shares of the utilities provider's stock valued at $3,571,650,000 after acquiring an additional 820,704 shares in the last quarter. Legal & General Group Plc increased its position in shares of NextEra Energy by 0.7% during the 2nd quarter. Legal & General Group Plc now owns 21,298,642 shares of the utilities provider's stock valued at $1,508,155,000 after purchasing an additional 143,748 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of NextEra Energy by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,284,785 shares of the utilities provider's stock worth $1,122,963,000 after purchasing an additional 86,758 shares during the period. Nordea Investment Management AB boosted its holdings in shares of NextEra Energy by 20.9% in the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider's stock worth $634,703,000 after buying an additional 1,525,436 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in NextEra Energy by 5.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,630,775 shares of the utilities provider's stock valued at $729,559,000 after buying an additional 452,590 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the transaction, the executive vice president now directly owns 15,792 shares of the company's stock, valued at $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have commented on the stock. Morgan Stanley lowered their price objective on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research report on Friday, November 22nd. Dbs Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Friday, September 27th. Royal Bank of Canada lowered NextEra Energy from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, October 22nd. Barclays increased their price target on NextEra Energy from $80.00 to $82.00 and gave the stock an "equal weight" rating in a research note on Friday, October 25th. Finally, Scotiabank increased their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a "sector outperform" rating in a research report on Thursday, December 12th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $87.15.

NextEra Energy Trading Up 3.0 %

NEE traded up $2.11 on Thursday, hitting $71.40. 5,677,049 shares of the company were exchanged, compared to its average volume of 9,633,103. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The firm has a fifty day simple moving average of $73.79 and a two-hundred day simple moving average of $77.26. The stock has a market capitalization of $146.83 billion, a PE ratio of 21.10, a price-to-earnings-growth ratio of 2.26 and a beta of 0.58.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.05. The company had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The firm's revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.94 EPS. Sell-side analysts expect 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. Stockholders of record on Friday, November 22nd were paid a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $2.06 annualized dividend and a dividend yield of 2.89%. NextEra Energy's dividend payout ratio (DPR) is presently 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.