Beacon Pointe Advisors LLC Has $9.81 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Beacon Pointe Advisors LLC lessened its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 136,770 shares of the utilities provider's stock after selling 9,281 shares during the period. Beacon Pointe Advisors LLC's holdings in NextEra Energy were worth $9,805,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Burkett Financial Services LLC boosted its holdings in shares of NextEra Energy by 1,229.6% during the fourth 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 period. Sugar Maple Asset Management LLC acquired a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $28,000. WealthTrak Capital Management LLC acquired a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $33,000. Luken Investment Analytics LLC acquired a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $36,000. Finally, Midwest Capital Advisors LLC acquired a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $44,000. Institutional investors own 78.72% of the company's stock.

NextEra Energy Price Performance

NYSE:NEE traded down $0.84 during trading hours on Thursday, hitting $66.04. The company's stock had a trading volume of 11,486,597 shares, compared to its average volume of 10,804,112. The stock has a fifty day simple moving average of $69.19 and a 200-day simple moving average of $72.43. The company has a market capitalization of $135.95 billion, a P/E ratio of 19.60, a PEG ratio of 2.45 and a beta of 0.58. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting analysts' consensus estimates of $0.99. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The firm had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. During the same period last year, the firm posted $0.91 earnings per share. The business's revenue for the quarter was up 9.0% on a year-over-year basis. On average, analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were paid a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.43%. This is a positive change from NextEra Energy's previous quarterly dividend of $0.52. The ex-dividend date was Friday, February 28th. NextEra Energy's dividend payout ratio (DPR) is presently 84.64%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NEE. Jefferies Financial Group dropped their price target on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Wells Fargo & Company dropped their price target on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Guggenheim reiterated a "buy" rating and issued a $89.00 price target on shares of NextEra Energy in a research report on Thursday, March 20th. Morgan Stanley reiterated an "overweight" rating on shares of NextEra Energy in a research report on Wednesday, April 23rd. Finally, BMO Capital Markets lowered their price objective on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Eight investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, NextEra Energy presently has a consensus rating of "Moderate Buy" and an average target price of $83.46.

Insider Activity

In related news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following the transaction, the chief accounting officer now directly owns 27,427 shares of the company's stock, valued at $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.20% of the company's stock.

NextEra Energy 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.