Premier Path Wealth Partners LLC Has $1.58 Million Holdings in NextEra Energy, Inc. $NEE

Premier Path Wealth Partners LLC increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,776 shares of the utilities provider’s stock after purchasing an additional 331 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in NextEra Energy were worth $1,581,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of NextEra Energy by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider’s stock valued at $14,697,086,000 after buying an additional 2,025,193 shares in the last quarter. Northern Trust Corp increased its stake in NextEra Energy by 1.1% in the first quarter. Northern Trust Corp now owns 23,353,245 shares of the utilities provider’s stock valued at $1,655,512,000 after acquiring an additional 262,819 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in NextEra Energy by 6.7% in the first quarter. Goldman Sachs Group Inc. now owns 21,269,146 shares of the utilities provider’s stock valued at $1,507,770,000 after acquiring an additional 1,336,259 shares during the last quarter. GQG Partners LLC raised its position in NextEra Energy by 58.4% during the first quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider’s stock valued at $1,221,896,000 after purchasing an additional 6,352,798 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in NextEra Energy by 20.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider’s stock worth $1,165,748,000 after purchasing an additional 2,815,629 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on NEE shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of NextEra Energy in a research note on Tuesday, October 14th. Argus set a $90.00 price objective on NextEra Energy in a research note on Wednesday. New Street Research set a $84.00 target price on NextEra Energy in a research note on Monday, October 13th. BTIG Research reissued a “buy” rating on shares of NextEra Energy in a report on Monday. Finally, HSBC decreased their price target on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Friday, July 11th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and a consensus price target of $90.22.

Insider Buying and Selling at NextEra Energy

In related news, EVP Michael Dunne sold 10,000 shares of the company’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $70.79, for a total transaction of $707,900.00. Following the sale, the executive vice president owned 62,064 shares in the company, valued at $4,393,510.56. This represents a 13.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark Lemasney sold 846 shares of the firm’s stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total value of $63,365.40. Following the sale, the executive vice president directly owned 9,267 shares of the company’s stock, valued at $694,098.30. This represents a 8.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 23,028 shares of company stock valued at $1,738,973. 0.20% of the stock is currently owned by insiders.

NextEra Energy Stock Down 2.3%

NYSE:NEE opened at $81.67 on Thursday. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $87.53. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45. The company has a market cap of $168.18 billion, a PE ratio of 26.01, a P/E/G ratio of 2.82 and a beta of 0.66. The firm’s 50 day simple moving average is $77.09 and its 200 day simple moving average is $73.23.

NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.09. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The business had revenue of $7.97 billion during the quarter, compared to analyst estimates of $8.13 billion. During the same period last year, the company earned $1.03 EPS. NextEra Energy’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be issued a $0.5665 dividend. The ex-dividend date is Friday, November 21st. This represents a $2.27 annualized dividend and a yield of 2.8%. NextEra Energy’s payout ratio is presently 79.37%.

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.