Beacon Investment Advisory Services Inc. Increases Stake in NextEra Energy, Inc. (NYSE:NEE)

Beacon Investment Advisory Services Inc. increased its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 5.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 100,283 shares of the utilities provider's stock after purchasing an additional 5,298 shares during the quarter. Beacon Investment Advisory Services Inc.'s holdings in NextEra Energy were worth $7,109,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of NEE. Bellwether Advisors LLC bought a new position in shares of NextEra Energy during the 4th quarter worth $30,000. WealthTrak Capital Management LLC purchased a new stake in NextEra Energy during the fourth quarter valued at about $33,000. Copia Wealth Management purchased a new stake in NextEra Energy during the fourth quarter valued at about $36,000. CBIZ Investment Advisory Services LLC boosted its position in NextEra Energy by 237.7% during the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock worth $37,000 after purchasing an additional 366 shares during the period. Finally, Hughes Financial Services LLC purchased a new position in shares of NextEra Energy in the first quarter worth about $40,000. Hedge funds and other institutional investors own 78.72% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on NEE shares. JPMorgan Chase & Co. dropped their price target on shares of NextEra Energy from $86.00 to $82.00 in a research note on Thursday, July 3rd. HSBC lowered their target price 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. UBS Group cut their price target on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a report on Friday, May 23rd. BMO Capital Markets lifted their price target on NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a research report on Monday. Finally, Wells Fargo & Company dropped their price objective on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $84.42.

Insider Transactions at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the transaction, the executive vice president directly owned 196,817 shares of the company's stock, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Treasurer James Michael May sold 2,177 shares of the stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the transaction, the treasurer owned 27,662 shares in the company, valued at $2,143,805. The trade was a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by corporate insiders.

NextEra Energy Price Performance

Shares of NEE traded down $0.83 during trading hours on Thursday, reaching $71.99. 11,163,987 shares of the company's stock traded hands, compared to its average volume of 11,179,099. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The firm's 50 day simple moving average is $72.35 and its 200-day simple moving average is $70.42. The stock has a market cap of $148.21 billion, a PE ratio of 25.17, a price-to-earnings-growth ratio of 2.57 and a beta of 0.67. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The business had revenue of $6.70 billion during the quarter, compared to analysts' expectations of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business's quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.96 EPS. Equities analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be paid a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.15%. NextEra Energy's dividend payout ratio (DPR) is currently 85.02%.

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.