NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Pathstone Holdings LLC

Pathstone Holdings LLC lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 4.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 285,590 shares of the utilities provider's stock after buying an additional 11,971 shares during the period. Pathstone Holdings LLC's holdings in NextEra Energy were worth $24,141,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Proffitt & Goodson Inc. grew its holdings in NextEra Energy by 64.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider's stock valued at $26,000 after buying an additional 144 shares in the last quarter. Semmax Financial Advisors Inc. lifted its stake in NextEra Energy by 197.4% during the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider's stock worth $26,000 after purchasing an additional 225 shares during the last quarter. Reston Wealth Management LLC acquired a new stake in NextEra Energy in the third quarter valued at about $27,000. Valley Wealth Managers Inc. bought a new stake in shares of NextEra Energy during the 2nd quarter valued at approximately $33,000. Finally, Maryland Capital Advisors Inc. bought a new stake in shares of NextEra Energy during the third quarter worth $39,000. Institutional investors own 78.72% of the company's stock.

Analysts Set New Price Targets

NEE has been the subject of several analyst reports. Bank of America raised their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the company a "neutral" rating in a research note on Thursday, August 29th. Jefferies Financial Group assumed coverage on shares of NextEra Energy in a report on Thursday, September 19th. They issued a "hold" rating and a $87.00 price target for the company. Royal Bank of Canada downgraded shares of NextEra Energy from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, October 22nd. 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 note on Friday, October 25th. Finally, Morgan Stanley upped their price objective on NextEra Energy from $87.00 to $90.00 and gave the company an "overweight" rating in a research note on Wednesday, September 25th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $86.54.

Insider Buying and Selling at NextEra Energy

In related 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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.18% of the stock is currently owned by insiders.

NextEra Energy Price Performance

NEE stock traded down $0.21 during trading on Wednesday, hitting $76.87. 7,065,097 shares of the company's stock traded hands, compared to its average volume of 10,913,441. The business has a fifty day simple moving average of $81.33 and a 200 day simple moving average of $77.65. The stock has a market capitalization of $158.08 billion, a price-to-earnings ratio of 22.83, a P/E/G ratio of 2.76 and a beta of 0.57. 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 52 week low of $53.95 and a 52 week high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The company had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. During the same quarter in the prior year, the business earned $0.94 earnings per share. NextEra Energy's revenue was up 5.5% on a year-over-year basis. As a group, research analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be given a dividend of $0.515 per share. The ex-dividend date is Friday, November 22nd. This represents a $2.06 annualized dividend and a dividend yield of 2.68%. NextEra Energy's dividend payout ratio (DPR) is presently 60.95%.

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.