NextEra Energy, Inc. (NYSE:NEE) Stake Increased by Beech Hill Advisors Inc.

Beech Hill Advisors Inc. increased its stake in NextEra Energy, Inc. (NYSE:NEE) by 169.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,944 shares of the utilities provider’s stock after buying an additional 37,729 shares during the period. NextEra Energy comprises about 1.6% of Beech Hill Advisors Inc.’s investment portfolio, making the stock its 23rd largest position. Beech Hill Advisors Inc.’s holdings in NextEra Energy were worth $3,831,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in NEE. Clear Investment Research LLC increased its stake in shares of NextEra Energy by 387.2% in the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after buying an additional 364 shares during the last quarter. BOK Financial Private Wealth Inc. bought a new stake in shares of NextEra Energy in the fourth quarter worth $29,000. Stuart Chaussee & Associates Inc. increased its stake in shares of NextEra Energy by 315.4% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after buying an additional 410 shares during the last quarter. Valued Wealth Advisors LLC bought a new stake in NextEra Energy during the fourth quarter valued at $34,000. Finally, Rakuten Securities Inc. bought a new stake in NextEra Energy during the fourth quarter valued at $34,000. Institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on NEE shares. Royal Bank of Canada boosted their target price on shares of NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. BMO Capital Markets boosted their target price on shares of NextEra Energy from $78.00 to $79.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. JPMorgan Chase & Co. boosted their target price on shares of NextEra Energy from $76.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, June 20th. Scotiabank boosted their target price on shares of NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research note on Monday, April 22nd. Finally, StockNews.com upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $76.50.

NextEra Energy Stock Performance

NEE stock opened at $73.03 on Wednesday. The company has a market capitalization of $150.04 billion, a P/E ratio of 19.90, a PEG ratio of 2.53 and a beta of 0.56. The company has a 50-day simple moving average of $72.74 and a 200 day simple moving average of $64.26. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $80.47. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.12.

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

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.82%. The ex-dividend date was Monday, June 3rd. NextEra Energy’s payout ratio is currently 56.13%.

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.