Beacon Investment Advisory Services Inc. Purchases 12,417 Shares of NextEra Energy, Inc. $NEE

Key Points

• Beacon Investment Advisory Services Inc. increased its holdings in NextEra Energy, Inc. by 12.4% during the 2nd quarter, acquiring an additional 12,417 shares to own a total of 112,700 shares valued at approximately $7.82 million.
• A significant portion of NextEra Energy's stock, approximately 78.72%, is owned by institutional investors and hedge funds, with notable increases in holdings by firms like GQG Partners LLC and Charles Schwab Investment Management Inc.
• NextEra Energy's recent quarterly earnings reported a $1.05 EPS, beating estimates, but revenue of $6.70 billion fell short of the expected $7.52 billion, indicating mixed performance amidst a 10.4% year-over-year revenue growth.

Beacon Investment Advisory Services Inc. increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 12.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 112,700 shares of the utilities provider's stock after buying an additional 12,417 shares during the quarter. Beacon Investment Advisory Services Inc.'s holdings in NextEra Energy were worth $7,824,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. GQG Partners LLC raised its holdings in NextEra Energy by 58.4% during the 1st quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider's stock worth $1,221,896,000 after buying an additional 6,352,798 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of 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 acquiring an additional 2,815,629 shares in the last quarter. Amundi increased its position in shares of NextEra Energy by 27.8% during the first quarter. Amundi now owns 12,200,990 shares of the utilities provider's stock worth $878,447,000 after acquiring an additional 2,657,438 shares in the last quarter. GAMMA Investing LLC increased its position in shares of NextEra Energy by 8,456.8% during the first quarter. GAMMA Investing LLC now owns 2,458,536 shares of the utilities provider's stock worth $174,286,000 after acquiring an additional 2,429,804 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of NextEra Energy by 1.0% during the first quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider's stock worth $14,697,086,000 after acquiring an additional 2,025,193 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Michael Dunne sold 10,000 shares of the firm's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $70.79, for a total value of $707,900.00. Following the completion of the sale, the executive vice president directly owned 62,064 shares in the company, valued at approximately $4,393,510.56. This trade represents a 13.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Robert Coffey sold 7,500 shares of NextEra Energy stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $71.84, for a total value of $538,800.00. Following the transaction, the executive vice president owned 26,539 shares of the company's stock, valued at $1,906,561.76. The trade was a 22.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,523 shares of company stock valued at $1,476,245 in the last 90 days. 0.20% of the stock is owned by company insiders.

NextEra Energy Stock Performance

Shares of NEE stock opened at $73.78 on Thursday. The company's fifty day simple moving average is $72.64 and its 200-day simple moving average is $71.09. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. The firm has a market cap of $151.94 billion, a PE ratio of 25.80, a P/E/G ratio of 2.49 and a beta of 0.65. 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 announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The firm's revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.96 earnings per share. Equities research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were paid a dividend of $0.5665 per share. The ex-dividend date was Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.1%. NextEra Energy's payout ratio is currently 79.37%.

Wall Street Analysts Forecast Growth

NEE has been the subject of several research reports. Melius Research raised shares of NextEra Energy to a "strong-buy" rating in a research report on Wednesday, August 20th. Mizuho set a $78.00 price objective on shares of NextEra Energy in a research report on Thursday, August 21st. Barclays increased their price objective on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Morgan Stanley reissued an "overweight" rating on shares of NextEra Energy in a research report on Thursday, August 21st. Finally, Melius initiated coverage on shares of NextEra Energy in a research report on Wednesday, August 20th. They issued a "buy" rating and a $77.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $84.00.

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.

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