Ethos Financial Group LLC Boosts Holdings in NextEra Energy, Inc. $NEE

Key Points

• Ethos Financial Group LLC has increased its stake in NextEra Energy, acquiring 45,992 additional shares, boosting its holdings by 555.5% to a total of 54,271 shares valued at approximately $3.85 million.
• NextEra Energy recently reported a quarterly EPS of $1.05, surpassing the consensus estimate of $1.01, with revenue of $6.70 billion for the quarter.
• The company declared a quarterly dividend of $0.5665 per share, translating to an annualized yield of 3.0%, with a payout ratio of 79.37%.

Ethos Financial Group LLC lifted its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 555.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,271 shares of the utilities provider's stock after buying an additional 45,992 shares during the period. Ethos Financial Group LLC's holdings in NextEra Energy were worth $3,854,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in NEE. Brighton Jones LLC increased its holdings in shares of NextEra Energy by 7.0% in the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock worth $2,028,000 after buying an additional 1,840 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in NextEra Energy by 6.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock valued at $348,000 after purchasing an additional 298 shares during the last quarter. Freedom Investment Management Inc. grew its holdings in NextEra Energy by 26.4% during the 4th quarter. Freedom Investment Management Inc. now owns 14,716 shares of the utilities provider's stock valued at $1,055,000 after purchasing an additional 3,071 shares during the last quarter. Forum Financial Management LP grew its holdings in NextEra Energy by 46.6% during the 4th quarter. Forum Financial Management LP now owns 9,956 shares of the utilities provider's stock valued at $714,000 after purchasing an additional 3,164 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in NextEra Energy by 355.6% during the 4th quarter. First Trust Advisors LP now owns 1,049,949 shares of the utilities provider's stock valued at $75,271,000 after purchasing an additional 819,518 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

Insider Activity at NextEra Energy

In other news, EVP Robert Coffey sold 7,500 shares of the company's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $71.84, for a total value of $538,800.00. Following the completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Treasurer James Michael May sold 2,177 shares of the company's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the sale, the treasurer directly owned 27,662 shares of the company's stock, valued at $2,143,805. The trade was a 7.30% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Erste Group Bank downgraded shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. HSBC cut their price target on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a report on Friday, July 11th. Barclays upped their price target on shares of NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Morgan Stanley cut their price target on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a report on Wednesday, June 18th. Finally, BMO Capital Markets upped their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $84.42.

NextEra Energy Trading Up 1.1%

NextEra Energy stock traded up $0.8220 during trading hours on Tuesday, hitting $76.5420. The company had a trading volume of 8,046,120 shares, compared to its average volume of 9,502,599. The firm has a market cap of $157.62 billion, a P/E ratio of 26.76, a P/E/G ratio of 2.61 and a beta of 0.63. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The company has a 50-day moving average price of $72.90 and a two-hundred day moving average price of $70.68.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.04. The company had revenue of $6.70 billion during the quarter, compared to analysts' expectations of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The firm's quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.96 EPS. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be given a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Thursday, August 28th. NextEra Energy's dividend payout ratio is presently 79.37%.

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.