Beck Capital Management LLC Acquires New Position in NextEra Energy, Inc. (NYSE:NEE)

Beck Capital Management LLC bought a new position in NextEra Energy, Inc. (NYSE:NEE) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 36,228 shares of the utilities provider’s stock, valued at approximately $2,565,000.

A number of other institutional investors have also modified their holdings of NEE. Proffitt & Goodson Inc. increased its holdings in NextEra Energy by 64.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 144 shares during the period. Clear Investment Research LLC increased its stake in shares of NextEra Energy by 387.2% during the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock valued at $28,000 after buying an additional 364 shares during the period. American Capital Advisory LLC raised its holdings in shares of NextEra Energy by 74.5% in the first quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 205 shares in the last quarter. Valley Wealth Managers Inc. purchased a new stake in NextEra Energy in the second quarter worth about $33,000. Finally, Neo Ivy Capital Management bought a new position in NextEra Energy during the 4th quarter worth about $40,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the sale, the executive vice president now directly owns 100 shares of the company’s stock, valued at $7,697. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

NextEra Energy Stock Performance

Shares of NEE opened at $82.76 on Monday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49. The stock has a 50-day moving average of $78.33 and a two-hundred day moving average of $72.45. The stock has a market cap of $170.03 billion, a P/E ratio of 22.55, a P/E/G ratio of 3.03 and a beta of 0.56. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $85.56.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The firm had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $7.29 billion. During the same quarter in the previous year, the company posted $0.88 earnings per share. As a group, research analysts predict that NextEra Energy, Inc. will post 3.39 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a $0.515 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.49%. NextEra Energy’s payout ratio is currently 56.13%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. BMO Capital Markets upped their price target on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Wells Fargo & Company upped their target price on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a report on Tuesday, September 3rd. JPMorgan Chase & Co. increased their target price on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Morgan Stanley boosted their price target on NextEra Energy from $85.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Finally, Mizuho cut NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price objective for the company. in a research note on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, NextEra Energy currently has an average rating of “Moderate Buy” and an average target price of $81.87.

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.