Beaumont Financial Advisors LLC Has $2.32 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Beaumont Financial Advisors LLC lessened its holdings in NextEra Energy, Inc. (NYSE:NEE) by 9.3% during the third quarter, Holdings Channel reports. The fund owned 27,455 shares of the utilities provider’s stock after selling 2,822 shares during the period. Beaumont Financial Advisors LLC’s holdings in NextEra Energy were worth $2,321,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of NEE. Watts Gwilliam & Co. LLC bought a new position in NextEra Energy in the 3rd quarter valued at about $331,000. Contravisory Investment Management Inc. grew its position in shares of NextEra Energy by 72,930.1% in the third quarter. Contravisory Investment Management Inc. now owns 89,827 shares of the utilities provider’s stock valued at $7,593,000 after purchasing an additional 89,704 shares during the last quarter. Pinnacle Bancorp Inc. increased its stake in shares of NextEra Energy by 4.4% during the third quarter. Pinnacle Bancorp Inc. now owns 4,711 shares of the utilities provider’s stock worth $398,000 after purchasing an additional 200 shares during the period. Sendero Wealth Management LLC acquired a new stake in NextEra Energy during the 3rd quarter worth approximately $207,000. Finally, Modus Advisors LLC boosted its stake in NextEra Energy by 2.9% in the 3rd quarter. Modus Advisors LLC now owns 18,498 shares of the utilities provider’s stock valued at $1,564,000 after purchasing an additional 530 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on NEE shares. Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. JPMorgan Chase & Co. boosted their price objective on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Citigroup raised their target price on NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, June 27th. Scotiabank boosted their price target on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Finally, Morgan Stanley upped their price objective on NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $83.07.

Insider Transactions at NextEra Energy

In other news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the sale, the executive vice president now directly owns 100 shares in the company, valued at $7,697. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

NextEra Energy stock opened at $80.94 on Friday. NextEra Energy, Inc. has a 1 year low of $50.95 and a 1 year high of $86.10. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. The company has a market capitalization of $166.36 billion, a P/E ratio of 26.28, a P/E/G ratio of 2.92 and a beta of 0.56. The business has a 50 day moving average of $81.12 and a 200-day moving average of $74.59.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. The firm had revenue of $6.07 billion for the quarter, compared to analyst estimates of $7.29 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. During the same quarter in the previous year, the company posted $0.88 EPS. On average, equities research analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were issued a dividend of $0.515 per share. The ex-dividend date was Friday, August 30th. This represents a $2.06 annualized dividend and a yield of 2.55%. NextEra Energy’s payout ratio is 66.88%.

NextEra Energy 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.