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

Boomfish Wealth Group LLC raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,222 shares of the utilities provider’s stock after buying an additional 1,298 shares during the period. Boomfish Wealth Group LLC’s holdings in NextEra Energy were worth $1,575,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bellwether Advisors LLC acquired a new position in NextEra Energy during the fourth quarter valued at approximately $30,000. WealthTrak Capital Management LLC acquired a new position in shares of NextEra Energy during the fourth quarter worth $33,000. Copia Wealth Management acquired a new position in shares of NextEra Energy during the fourth quarter worth $36,000. Midwest Capital Advisors LLC acquired a new position in shares of NextEra Energy during the fourth quarter worth $44,000. Finally, Promus Capital LLC acquired a new position in shares of NextEra Energy during the fourth quarter worth $45,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $70.00, for a total value of $1,657,880.00. Following the transaction, the executive vice president now owns 196,817 shares in the company, valued at approximately $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Wells Fargo & Company reduced their target price on shares of NextEra Energy from $102.00 to $97.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Guggenheim reaffirmed a “buy” rating and issued a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. Erste Group Bank cut shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 8th. BMO Capital Markets cut their price target on shares of NextEra Energy from $84.00 to $77.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. Finally, Barclays cut their price target on shares of NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 29th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and a consensus target price of $84.50.

NextEra Energy Stock Performance

NYSE:NEE opened at $73.80 on Tuesday. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The company has a 50-day moving average of $69.19 and a 200-day moving average of $70.37. The firm has a market cap of $151.93 billion, a price-to-earnings ratio of 21.90, a price-to-earnings-growth ratio of 2.45 and a beta of 0.68.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting the consensus estimate of $0.99. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The company had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. During the same quarter last year, the firm posted $0.91 EPS. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. Analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy’s dividend payout ratio is presently 84.64%.

About NextEra Energy

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.