Beaumont Financial Advisors LLC Lowers Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Beaumont Financial Advisors LLC decreased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,859 shares of the utilities provider’s stock after selling 596 shares during the period. Beaumont Financial Advisors LLC’s holdings in NextEra Energy were worth $1,925,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its position in shares of NextEra Energy by 107.7% during the second quarter. EverSource Wealth Advisors LLC now owns 8,378 shares of the utilities provider’s stock valued at $640,000 after buying an additional 4,344 shares during the last quarter. Evergreen Capital Management LLC grew its stake in NextEra Energy by 15.0% during the second quarter. Evergreen Capital Management LLC now owns 22,757 shares of the utilities provider’s stock valued at $1,611,000 after acquiring an additional 2,973 shares in the last quarter. Interval Partners LP bought a new stake in NextEra Energy in the 2nd quarter valued at $1,668,000. Sagefield Capital LP increased its holdings in NextEra Energy by 149.5% in the 2nd quarter. Sagefield Capital LP now owns 114,104 shares of the utilities provider’s stock valued at $8,080,000 after acquiring an additional 68,372 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in NextEra Energy by 1,337.2% in the 2nd quarter. Marshall Wace LLP now owns 131,866 shares of the utilities provider’s stock worth $9,337,000 after purchasing an additional 122,691 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the sale, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on NEE shares. Scotiabank boosted their target price on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Guggenheim increased their target price on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. BMO Capital Markets boosted their price target on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Finally, Barclays boosted their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $87.15.

NextEra Energy Stock Performance

NEE stock opened at $70.85 on Wednesday. The firm has a market cap of $145.70 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 2.38 and a beta of 0.58. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The business’s fifty day simple moving average is $73.40 and its two-hundred day simple moving average is $77.24.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. The company had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $0.94 EPS. Analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

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.