Beacon Investment Advisory Services Inc. boosted its stake in NextEra Energy, Inc. (NYSE:NEE) by 5.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,954 shares of the utilities provider’s stock after buying an additional 220 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in NextEra Energy were worth $508,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in NEE. Dowling & Yahnke LLC increased its position in NextEra Energy by 0.5% in the first quarter. Dowling & Yahnke LLC now owns 1,779 shares of the utilities provider’s stock valued at $228,000 after buying an additional 9 shares in the last quarter. Genesee Valley Trust Co. increased its position in NextEra Energy by 0.3% in the first quarter. Genesee Valley Trust Co. now owns 3,133 shares of the utilities provider’s stock valued at $402,000 after buying an additional 10 shares in the last quarter. Beese Fulmer Investment Management Inc. increased its position in NextEra Energy by 0.6% in the first quarter. Beese Fulmer Investment Management Inc. now owns 2,199 shares of the utilities provider’s stock valued at $282,000 after buying an additional 13 shares in the last quarter. Honkamp Krueger Financial Services Inc. increased its position in NextEra Energy by 0.3% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 4,902 shares of the utilities provider’s stock valued at $629,000 after buying an additional 14 shares in the last quarter. Finally, Regentatlantic Capital LLC increased its position in NextEra Energy by 0.4% in the first quarter. Regentatlantic Capital LLC now owns 3,468 shares of the utilities provider’s stock valued at $445,000 after buying an additional 14 shares in the last quarter. Hedge funds and other institutional investors own 76.72% of the company’s stock.

NextEra Energy, Inc. (NYSE NEE) traded up 0.41% on Wednesday, reaching $147.96. 295,599 shares of the company’s stock were exchanged. NextEra Energy, Inc. has a one year low of $110.49 and a one year high of $148.19. The stock has a market cap of $69.43 billion, a price-to-earnings ratio of 16.95 and a beta of 0.32. The firm has a 50 day moving average of $142.61 and a 200-day moving average of $134.07.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.76 by $0.10. The business had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.44 billion. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The business’s quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.67 earnings per share. Equities research analysts forecast that NextEra Energy, Inc. will post $6.72 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be given a dividend of $0.9825 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $3.93 annualized dividend and a dividend yield of 2.67%. NextEra Energy’s dividend payout ratio is presently 45.02%.

ILLEGAL ACTIVITY WARNING: “Beacon Investment Advisory Services Inc. Has $508,000 Stake in NextEra Energy, Inc. (NEE)” was first posted by Daily Political and is the property of of Daily Political. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece of content can be viewed at https://www.dailypolitical.com/2017/08/09/beacon-investment-advisory-services-inc-has-508000-stake-in-nextera-energy-inc-nee.html.

Several research analysts recently commented on NEE shares. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $144.00 price target on shares of NextEra Energy in a research note on Tuesday, May 2nd. Morgan Stanley raised their price target on shares of NextEra Energy from $161.00 to $162.00 and gave the stock an “overweight” rating in a research note on Monday, May 8th. Barclays PLC reaffirmed an “overweight” rating and issued a $150.00 price target (up previously from $139.00) on shares of NextEra Energy in a research note on Sunday, April 23rd. Deutsche Bank AG raised their price target on shares of NextEra Energy from $128.00 to $132.00 and gave the stock a “hold” rating in a research note on Tuesday, April 11th. Finally, Goldman Sachs Group, Inc. (The) started coverage on shares of NextEra Energy in a research note on Monday, July 24th. They issued a “buy” rating and a $160.00 price target on the stock. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $148.18.

In other news, Director James L. Robo sold 30,000 shares of the stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $147.05, for a total transaction of $4,411,500.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Eric E. Silagy sold 8,111 shares of the stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $140.58, for a total transaction of $1,140,244.38. Following the sale, the director now directly owns 26,884 shares in the company, valued at approximately $3,779,352.72. The disclosure for this sale can be found here. Insiders have sold 90,431 shares of company stock worth $12,692,378 in the last three months. Corporate insiders own 0.53% of the company’s stock.

NextEra Energy Company 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.

Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy, Inc. (NYSE:NEE).

Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

Receive News & Ratings for NextEra Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.