Pathway Financial Advisers LLC Increases Stake in NextEra Energy, Inc. (NYSE:NEE)

Pathway Financial Advisers LLC increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,881 shares of the utilities provider’s stock after purchasing an additional 330 shares during the period. Pathway Financial Advisers LLC’s holdings in NextEra Energy were worth $923,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Reston Wealth Management LLC purchased a new position in shares of NextEra Energy during the third quarter valued at approximately $27,000. Burkett Financial Services LLC lifted its stake in shares of NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC purchased a new position in NextEra Energy during the 4th quarter valued at $28,000. Quarry LP bought a new position in NextEra Energy in the 3rd quarter valued at $33,000. Finally, Maryland Capital Advisors Inc. purchased a new stake in NextEra Energy in the third quarter worth $39,000. 78.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on NEE shares. Evercore ISI lowered their target price on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research note on Monday, January 27th. Morgan Stanley boosted their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Jefferies Financial Group lowered their price target on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. decreased their target price on NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, NextEra Energy presently has a consensus rating of “Hold” and an average price target of $85.85.

NextEra Energy Stock Performance

NEE stock opened at $69.28 on Thursday. The firm has a 50-day simple moving average of $71.27 and a two-hundred day simple moving average of $76.92. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The firm has a market cap of $142.47 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 2.42 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last announced 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 net margin of 28.06% and a return on equity of 11.85%. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

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.