Boothe Investment Group Inc. Makes New $552,000 Investment in NextEra Energy, Inc. $NEE

Key Points

• Boothe Investment Group Inc. has invested $552,000 to acquire 7,946 shares of NextEra Energy, Inc. in the second quarter.
• NextEra Energy's quarterly earnings topped analysts' expectations with an EPS of $1.05, although its revenue fell short of estimates at $6.70 billion.
• The firm recently announced a quarterly dividend of $0.5665 per share, translating to an annualized yield of 2.7% and a payout ratio of 79.37%.

Boothe Investment Group Inc. purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,946 shares of the utilities provider's stock, valued at approximately $552,000.

A number of other large investors also recently modified their holdings of NEE. GQG Partners LLC increased its holdings in shares of NextEra Energy by 58.4% during the first quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider's stock valued at $1,221,896,000 after purchasing an additional 6,352,798 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in NextEra Energy by 20.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider's stock worth $1,165,748,000 after acquiring an additional 2,815,629 shares during the period. Amundi grew its holdings in NextEra Energy by 27.8% during the first quarter. Amundi now owns 12,200,990 shares of the utilities provider's stock worth $878,447,000 after acquiring an additional 2,657,438 shares during the period. Vanguard Group Inc. grew its holdings in NextEra Energy by 1.0% during the first quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider's stock worth $14,697,086,000 after acquiring an additional 2,025,193 shares during the period. Finally, Boston Partners grew its holdings in NextEra Energy by 55.3% during the first quarter. Boston Partners now owns 5,300,839 shares of the utilities provider's stock worth $374,639,000 after acquiring an additional 1,886,999 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Trading Up 1.4%

Shares of NYSE NEE opened at $84.42 on Friday. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.74. The firm has a market capitalization of $173.85 billion, a PE ratio of 29.52, a PEG ratio of 2.81 and a beta of 0.66. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The business has a 50-day moving average price of $76.64 and a two-hundred day moving average price of $72.78.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The firm had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.52 billion. During the same period last year, the company posted $0.96 EPS. The business's quarterly revenue was up 10.4% compared to the same quarter last year. As a group, analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be given a dividend of $0.5665 per share. The ex-dividend date is Friday, November 21st. This represents a $2.27 dividend on an annualized basis and a yield of 2.7%. NextEra Energy's dividend payout ratio (DPR) is presently 79.37%.

Insider Transactions at NextEra Energy

In other news, EVP Mark Lemasney sold 846 shares of NextEra Energy stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of the sale, the executive vice president directly owned 9,267 shares in the company, valued at $694,098.30. The trade was a 8.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robert Coffey sold 7,500 shares of NextEra Energy stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $71.84, for a total value of $538,800.00. Following the sale, the executive vice president owned 26,539 shares of the company's stock, valued at approximately $1,906,561.76. This represents a 22.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,528 shares of company stock valued at $2,277,773 in the last quarter. Corporate insiders own 0.20% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Evercore ISI set a $92.00 target price on NextEra Energy and gave the stock an "outperform" rating in a report on Monday, October 6th. Morgan Stanley reaffirmed an "overweight" rating and set a $95.00 target price (down from $96.00) on shares of NextEra Energy in a report on Thursday, September 25th. JPMorgan Chase & Co. lifted their target price on NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a report on Friday, August 22nd. TD Cowen assumed coverage on NextEra Energy in a report on Thursday, October 16th. They set a "buy" rating and a $98.00 target price on the stock. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of NextEra Energy in a research report on Tuesday, October 14th. Three research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $88.38.

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.

Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy, Inc. (NYSE:NEE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.