NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Boomfish Wealth Group LLC

Boomfish Wealth Group LLC lowered its position in NextEra Energy, Inc. (NYSE:NEE) by 0.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,663 shares of the utilities provider’s stock after selling 176 shares during the quarter. Boomfish Wealth Group LLC’s holdings in NextEra Energy were worth $1,463,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. OFI Invest Asset Management grew its holdings in NextEra Energy by 2.2% in the second quarter. OFI Invest Asset Management now owns 491,781 shares of the utilities provider’s stock valued at $32,492,000 after purchasing an additional 10,809 shares during the last quarter. Hoylecohen LLC lifted its position in NextEra Energy by 0.4% during the second quarter. Hoylecohen LLC now owns 186,559 shares of the utilities provider’s stock worth $13,210,000 after buying an additional 693 shares during the period. Meridian Financial Partners LLC raised its holdings in shares of NextEra Energy by 1.4% in the 2nd quarter. Meridian Financial Partners LLC now owns 23,359 shares of the utilities provider’s stock worth $1,674,000 after purchasing an additional 324 shares during the period. TCW Group Inc. raised its holdings in shares of NextEra Energy by 10.6% in the 2nd quarter. TCW Group Inc. now owns 104,345 shares of the utilities provider’s stock worth $7,389,000 after purchasing an additional 10,004 shares during the period. Finally, Sumitomo Life Insurance Co. raised its holdings in shares of NextEra Energy by 12.6% in the 2nd quarter. Sumitomo Life Insurance Co. now owns 116,384 shares of the utilities provider’s stock worth $8,241,000 after purchasing an additional 12,987 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NEE. StockNews.com upgraded NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Barclays lifted their target price on NextEra Energy from $75.00 to $76.00 and gave the company an “equal weight” rating in a research note on Friday. JPMorgan Chase & Co. boosted their price objective on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Royal Bank of Canada boosted their price objective on NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 12th. Finally, Scotiabank lifted their target price on NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $78.36.

Insider Buying and Selling

In related news, EVP Nicole J. Daggs sold 658 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the sale, the executive vice president now owns 100 shares of the company’s stock, valued at $7,697. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is currently owned by insiders.

NextEra Energy Stock Up 1.5 %

NYSE NEE traded up $1.16 during trading hours on Friday, hitting $78.57. The company’s stock had a trading volume of 6,344,213 shares, compared to its average volume of 11,400,159. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $80.56. The company has a market capitalization of $161.42 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 2.84 and a beta of 0.54. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. The company’s 50-day simple moving average is $73.99 and its two-hundred day simple moving average is $67.99.

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

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Friday, August 30th. NextEra Energy’s dividend 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.