Beacon Investment Advisory Services Inc. Has $10.03 Million Stock Holdings in NextEra Energy, Inc. $NEE

Beacon Investment Advisory Services Inc. lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 7.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,877 shares of the utilities provider’s stock after purchasing an additional 8,344 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in NextEra Energy were worth $10,025,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in NEE. Tripletail Wealth Management LLC bought a new stake in shares of NextEra Energy in the 3rd quarter valued at $25,000. Goodman Advisory Group LLC acquired a new position in shares of NextEra Energy during the 2nd quarter valued at $25,000. Strive Asset Management LLC bought a new position in NextEra Energy during the third quarter worth $29,000. Howard Hughes Medical Institute bought a new position in NextEra Energy during the second quarter worth $31,000. Finally, Abound Wealth Management grew its holdings in NextEra Energy by 108.2% in the third quarter. Abound Wealth Management now owns 456 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 237 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NEE opened at $91.44 on Monday. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $95.91. The company has a market cap of $190.53 billion, a price-to-earnings ratio of 27.79 and a beta of 0.75. The company’s fifty day moving average price is $90.49 and its two-hundred day moving average price is $84.36. The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. The firm had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $7.07 billion. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The business’s revenue was up 20.7% on a year-over-year basis. During the same period last year, the company earned $0.53 earnings per share. On average, analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were paid a dividend of $0.6232 per share. This is an increase from NextEra Energy’s previous quarterly dividend of $0.57. The ex-dividend date was Friday, February 27th. This represents a $2.49 dividend on an annualized basis and a yield of 2.7%. NextEra Energy’s dividend payout ratio (DPR) is presently 75.68%.

Analyst Ratings Changes

Several equities research analysts have weighed in on NEE shares. Mizuho set a $90.00 price target on shares of NextEra Energy and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Weiss Ratings cut shares of NextEra Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 17th. Wells Fargo & Company raised their target price on NextEra Energy from $97.00 to $98.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. HSBC boosted their target price on NextEra Energy from $96.00 to $103.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Finally, Seaport Research Partners cut their price target on NextEra Energy from $56.00 to $55.00 and set a “sell” rating on the stock in a report on Monday, February 2nd. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $94.44.

Insider Activity

In other news, EVP Terrell Kirk Crews II sold 19,672 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $90.27, for a total value of $1,775,791.44. Following the completion of the sale, the executive vice president directly owned 73,857 shares of the company’s stock, valued at $6,667,071.39. This represents a 21.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Treasurer James Michael May sold 7,161 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $90.27, for a total value of $646,423.47. Following the completion of the transaction, the treasurer owned 26,719 shares in the company, valued at $2,411,924.13. This represents a 21.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 190,816 shares of company stock worth $17,075,619. Company insiders own 0.18% of the company’s stock.

NextEra Energy Company Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.