Beaumont Financial Advisors LLC Boosts Stake in NextEra Energy, Inc. (NYSE:NEE)

Beaumont Financial Advisors LLC lifted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 2.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 141,607 shares of the utilities provider’s stock after buying an additional 2,824 shares during the period. Beaumont Financial Advisors LLC’s holdings in NextEra Energy were worth $8,601,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Avitas Wealth Management LLC lifted its stake in shares of NextEra Energy by 2.9% in the fourth quarter. Avitas Wealth Management LLC now owns 37,843 shares of the utilities provider’s stock worth $2,299,000 after buying an additional 1,057 shares in the last quarter. Stiles Financial Services Inc raised its stake in NextEra Energy by 9.0% during the fourth quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock worth $2,137,000 after purchasing an additional 2,899 shares during the period. Skandinaviska Enskilda Banken AB publ raised its stake in NextEra Energy by 1.7% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 383,932 shares of the utilities provider’s stock worth $21,995,000 after purchasing an additional 6,325 shares during the period. Asio Capital LLC purchased a new position in NextEra Energy during the fourth quarter worth about $2,701,000. Finally, Robertson Stephens Wealth Management LLC raised its stake in NextEra Energy by 7.3% during the third quarter. Robertson Stephens Wealth Management LLC now owns 17,714 shares of the utilities provider’s stock worth $1,015,000 after purchasing an additional 1,211 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Up 0.8 %

NEE traded up $0.54 during trading hours on Friday, hitting $64.55. 6,795,004 shares of the company’s stock were exchanged, compared to its average volume of 11,773,942. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $79.78. The firm has a 50 day moving average of $59.73 and a 200 day moving average of $58.43. The company has a current ratio of 0.55, a quick ratio of 0.47 and a debt-to-equity ratio of 1.06. The firm has a market cap of $132.48 billion, a P/E ratio of 17.95, a price-to-earnings-growth ratio of 2.29 and a beta of 0.51.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. The company had revenue of $6.88 billion for the quarter, compared to the consensus estimate of $5.72 billion. During the same period in the prior year, the firm posted $0.51 EPS. Analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend was Monday, February 26th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio (DPR) is currently 57.06%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Wells Fargo & Company lifted their target price on shares of NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 19th. BMO Capital Markets reduced their target price on shares of NextEra Energy from $77.00 to $68.00 and set an “outperform” rating on the stock in a research note on Tuesday. StockNews.com cut shares of NextEra Energy from a “hold” rating to a “sell” rating in a research report on Monday, February 19th. Barclays assumed coverage on shares of NextEra Energy in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 price target for the company. Finally, Mizuho reiterated a “buy” rating and set a $67.00 price target (up from $65.00) on shares of NextEra Energy in a research report on Friday, March 15th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $71.36.

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.