Beacon Investment Advisory Services Inc. Raises Holdings in NextEra Energy, Inc. (NEE)
Beacon Investment Advisory Services Inc. raised its position in NextEra Energy, Inc. (NYSE:NEE) by 8.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,293 shares of the utilities provider’s stock after buying an additional 339 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in NextEra Energy were worth $602,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of NEE. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its stake in NextEra Energy by 8.9% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock valued at $112,000 after buying an additional 71 shares during the last quarter. Highstreet Asset Management Inc. purchased a new stake in NextEra Energy in the second quarter valued at approximately $134,000. Ruggie Capital Group purchased a new stake in NextEra Energy in the first quarter valued at approximately $191,000. Winslow Evans & Crocker Inc. lifted its stake in NextEra Energy by 12.0% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,395 shares of the utilities provider’s stock valued at $195,000 after buying an additional 149 shares during the last quarter. Finally, Oarsman Capital Inc. purchased a new stake in NextEra Energy in the first quarter valued at approximately $200,000. Institutional investors own 75.41% of the company’s stock.
NextEra Energy, Inc. (NYSE NEE) opened at 148.57 on Thursday. The company’s 50-day moving average price is $148.83 and its 200-day moving average price is $140.97. NextEra Energy, Inc. has a one year low of $110.49 and a one year high of $151.60. The firm has a market cap of $69.71 billion, a price-to-earnings ratio of 17.02 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.10. The business had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.44 billion. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The business’s revenue was up 15.4% on a year-over-year basis. During the same quarter last year, the business posted $1.67 EPS. On average, analysts anticipate that NextEra Energy, Inc. will post $6.73 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were paid a dividend of $0.9825 per share. This represents a $3.93 annualized dividend and a yield of 2.65%. The ex-dividend date was Wednesday, August 23rd. NextEra Energy’s payout ratio is currently 45.02%.
In other NextEra Energy news, Director James L. Robo sold 30,000 shares of NextEra Energy stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $147.05, for a total transaction of $4,411,500.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Charles E. Sieving sold 30,485 shares of NextEra Energy stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $146.56, for a total value of $4,467,881.60. Following the sale, the executive vice president now directly owns 78,167 shares in the company, valued at approximately $11,456,155.52. The disclosure for this sale can be found here. Insiders have sold a total of 63,385 shares of company stock worth $9,314,382 in the last ninety days. 0.53% of the stock is owned by company insiders.
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A number of equities research analysts have weighed in on NEE shares. BidaskClub upgraded NextEra Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. KeyCorp restated a “buy” rating and set a $155.00 price target on shares of NextEra Energy in a research note on Friday, September 1st. Goldman Sachs Group, Inc. (The) began coverage on NextEra Energy in a research note on Monday, July 24th. They set a “buy” rating and a $160.00 price target for the company. BMO Capital Markets restated a “buy” rating and set a $156.00 price target (up previously from $144.00) on shares of NextEra Energy in a research note on Friday, June 23rd. Finally, Morgan Stanley upped their price target on NextEra Energy from $167.00 to $169.00 and gave the stock an “overweight” rating in a research note on Friday, September 8th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $153.09.
NextEra Energy Profile
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.
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