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Institutional investors boosted stakes in NextEra Energy as it posted strong earnings, despite slightly missing revenue forecasts.
In the second quarter, several institutional investors, including Boothe Investment Group, Ranch Capital Advisors, and Pinnacle Wealth Management Group, increased their stakes in NextEra Energy, which reported strong earnings of $1.05 per share, exceeding estimates, and revenue of $6.70 billion, up 10.4% year-over-year.
Despite falling short of revenue expectations, the company maintains a robust net margin and a "Moderate Buy" analyst consensus with a $88.38 target.
Executives sold over 30,000 shares for $2.28 million, while the stock traded at $84.42, with a market cap of $173.85 billion and a 2.7% dividend yield.
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Los inversores institucionales aumentaron las participaciones en NextEra Energy, ya que registró fuertes ganancias, a pesar de las previsiones de ingresos ligeramente perdidas.