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

Beacon Investment Advisory Services Inc. grew its stake in NextEra Energy, Inc. (NYSE:NEE) by 12.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 112,700 shares of the utilities provider’s stock after acquiring an additional 12,417 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in NextEra Energy were worth $7,824,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. Arkfeld Wealth Strategies L.L.C. raised its position in shares of NextEra Energy by 0.9% in the second quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider’s stock valued at $1,140,000 after purchasing an additional 136 shares during the period. Pine Haven Investment Counsel Inc raised its position in shares of NextEra Energy by 2.3% in the second quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider’s stock valued at $441,000 after purchasing an additional 140 shares during the period. Tradition Wealth Management LLC raised its position in shares of NextEra Energy by 2.2% in the first quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider’s stock valued at $470,000 after purchasing an additional 143 shares during the period. Conning Inc. raised its position in shares of NextEra Energy by 1.1% in the first quarter. Conning Inc. now owns 14,089 shares of the utilities provider’s stock valued at $999,000 after purchasing an additional 160 shares during the period. Finally, Moody National Bank Trust Division raised its position in shares of NextEra Energy by 0.5% in the second quarter. Moody National Bank Trust Division now owns 32,461 shares of the utilities provider’s stock valued at $2,253,000 after purchasing an additional 164 shares during the period. 78.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NEE has been the topic of a number of recent research reports. Melius Research raised shares of NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. Morgan Stanley restated an “overweight” rating on shares of NextEra Energy in a research report on Thursday, August 21st. Melius initiated coverage on shares of NextEra Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $77.00 target price on the stock. HSBC decreased their target price on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Friday, July 11th. Finally, JPMorgan Chase & Co. increased their target price on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.00.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $73.78 on Thursday. The firm has a 50 day moving average of $72.64 and a 200-day moving average of $71.09. The stock has a market capitalization of $151.94 billion, a PE ratio of 25.80, a PEG ratio of 2.49 and a beta of 0.65. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. The company had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.96 EPS. On average, equities research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were given a $0.5665 dividend. 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 presently 79.37%.

Insider Activity

In other news, Treasurer James Michael May sold 2,177 shares of the firm’s stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the sale, the treasurer directly owned 27,662 shares in the company, valued at approximately $2,143,805. This trade represents a 7.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Mark Lemasney sold 846 shares of NextEra Energy stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $71.90, for a total transaction of $60,827.40. Following the sale, the executive vice president directly owned 10,113 shares in the company, valued at $727,124.70. This trade represents a 7.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,523 shares of company stock valued at $1,476,245 over the last quarter. 0.20% of the stock is owned by corporate insiders.

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.