Beacon Harbor Wealth Advisors Inc. Acquires Shares of 53,340 NextEra Energy, Inc. (NYSE:NEE)

Beacon Harbor Wealth Advisors Inc. acquired a new stake in shares of NextEra Energy, Inc. (NYSE:NEE) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 53,340 shares of the utilities provider’s stock, valued at approximately $3,240,000.

Other institutional investors have also modified their holdings of the company. FinTrust Capital Advisors LLC increased its stake in shares of NextEra Energy by 11.6% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 13,286 shares of the utilities provider’s stock valued at $761,000 after purchasing an additional 1,385 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of NextEra Energy by 6.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 1,702,481 shares of the utilities provider’s stock valued at $97,535,000 after purchasing an additional 100,172 shares in the last quarter. Simon Quick Advisors LLC increased its stake in shares of NextEra Energy by 14.6% in the 3rd quarter. Simon Quick Advisors LLC now owns 5,929 shares of the utilities provider’s stock valued at $340,000 after purchasing an additional 756 shares in the last quarter. Capital Advisors Inc. OK increased its stake in shares of NextEra Energy by 3.8% in the 3rd quarter. Capital Advisors Inc. OK now owns 9,150 shares of the utilities provider’s stock valued at $524,000 after purchasing an additional 335 shares in the last quarter. Finally, Stratos Wealth Advisors LLC boosted its holdings in NextEra Energy by 39.0% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 38,662 shares of the utilities provider’s stock worth $2,215,000 after buying an additional 10,838 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NEE traded down $0.13 during mid-day trading on Thursday, reaching $68.48. 5,879,194 shares of the company’s stock were exchanged, compared to its average volume of 11,817,564. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.12. The company has a 50-day simple moving average of $61.49 and a two-hundred day simple moving average of $59.41. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $78.53. The company has a market cap of $140.69 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 2.47 and a beta of 0.50.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The business had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The company’s revenue was down 14.7% on a year-over-year basis. During the same period last year, the company posted $0.84 EPS. On average, sell-side analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were given a $0.515 dividend. The ex-dividend date of this dividend was Monday, February 26th. This represents a $2.06 annualized dividend and a dividend yield of 3.01%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s payout ratio is presently 56.13%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Guggenheim lifted their price objective on NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $74.00 price objective on shares of NextEra Energy in a research report on Tuesday, January 30th. Bank of America upped their price objective on NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 23rd. Mizuho boosted their target price on shares of NextEra Energy from $67.00 to $71.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Finally, Morgan Stanley boosted their target price on shares of NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.50.

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.