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

Beacon Investment Advisory Services Inc. raised its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 7.2% in the 4th quarter, according to the company in its most recent Form 13F 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.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Woodstock Corp lifted its position in shares of NextEra Energy by 0.4% during the 4th quarter. Woodstock Corp now owns 138,835 shares of the utilities provider’s stock worth $11,146,000 after buying an additional 528 shares during the last quarter. InTrack Investment Management Inc grew its position in NextEra Energy by 2.4% in the fourth quarter. InTrack Investment Management Inc now owns 20,097 shares of the utilities provider’s stock valued at $1,613,000 after acquiring an additional 473 shares during the last quarter. Lineweaver Wealth Advisors LLC raised its stake in NextEra Energy by 9.3% during the fourth quarter. Lineweaver Wealth Advisors LLC now owns 51,115 shares of the utilities provider’s stock worth $4,104,000 after acquiring an additional 4,364 shares in the last quarter. Randall & Associates Wealth Management raised its stake in NextEra Energy by 11.1% during the fourth quarter. Randall & Associates Wealth Management now owns 4,639 shares of the utilities provider’s stock worth $372,000 after acquiring an additional 462 shares in the last quarter. Finally, LVW Advisors LLC lifted its holdings in shares of NextEra Energy by 18.9% in the fourth quarter. LVW Advisors LLC now owns 19,367 shares of the utilities provider’s stock worth $1,555,000 after acquiring an additional 3,078 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Up 0.0%

Shares of NYSE:NEE opened at $91.44 on Monday. The firm has a market cap of $190.53 billion, a P/E ratio of 27.79 and a beta of 0.75. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $95.91. The business has a fifty day simple moving average of $90.49 and a 200 day simple moving average of $84.36. The company has a quick ratio of 0.49, a current ratio of 0.60 and a debt-to-equity ratio of 1.35.

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

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were given a dividend of $0.6232 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $2.49 dividend on an annualized basis and a yield of 2.7%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.57. NextEra Energy’s payout ratio is currently 75.68%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, CEO John W. Ketchum sold 99,603 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $89.34, for a total transaction of $8,898,532.02. Following the completion of the transaction, the chief executive officer owned 305,933 shares in the company, valued at approximately $27,332,054.22. This trade represents a 24.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Treasurer James Michael May sold 7,161 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $90.27, for a total transaction 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 trade 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 have sold 190,816 shares of company stock worth $17,075,619. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on NEE shares. Wall Street Zen downgraded shares of NextEra Energy from a “hold” rating to a “sell” rating in a research note on Saturday. Seaport Research Partners lowered their price objective on shares of NextEra Energy from $56.00 to $55.00 and set a “sell” rating for the company in a research report on Monday, February 2nd. Argus set a $92.00 price objective on shares of NextEra Energy and gave the company a “buy” rating in a research note on Wednesday, January 28th. HSBC raised their target price on shares of NextEra Energy from $96.00 to $103.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Finally, JPMorgan Chase & Co. upped their price target on shares of NextEra Energy from $94.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday, December 11th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.44.

About NextEra Energy

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.