BNP Paribas Purchases 4,532 Shares of NextEra Energy, Inc. (NYSE:NEE)

BNP Paribas grew its position in NextEra Energy, Inc. (NYSE:NEE) by 22.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,982 shares of the utilities provider’s stock after acquiring an additional 4,532 shares during the period. BNP Paribas’ holdings in NextEra Energy were worth $1,791,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc increased its holdings in shares of NextEra Energy by 19.6% during the 4th quarter. Versant Capital Management Inc now owns 4,358 shares of the utilities provider’s stock worth $312,000 after acquiring an additional 713 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of NextEra Energy by 20.9% in the fourth quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock valued at $634,703,000 after purchasing an additional 1,525,436 shares during the last quarter. Legacy Wealth Management LLC MS raised its position in shares of NextEra Energy by 11.3% in the fourth quarter. Legacy Wealth Management LLC MS now owns 4,882 shares of the utilities provider’s stock valued at $350,000 after purchasing an additional 494 shares during the period. CWA Asset Management Group LLC lifted its stake in shares of NextEra Energy by 24.0% during the 4th quarter. CWA Asset Management Group LLC now owns 21,245 shares of the utilities provider’s stock worth $1,523,000 after buying an additional 4,110 shares during the last quarter. Finally, Burkett Financial Services LLC boosted its holdings in shares of NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after buying an additional 332 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the sale, the chief accounting officer now owns 27,427 shares in the company, valued at $1,867,504.43. The trade was a 7.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of research analyst reports. Jefferies Financial Group reduced their price objective on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Morgan Stanley reiterated an “overweight” rating on shares of NextEra Energy in a research report on Wednesday, April 23rd. Wells Fargo & Company reduced their target price on shares of NextEra Energy from $102.00 to $97.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. BMO Capital Markets lowered their price target on shares of NextEra Energy from $84.00 to $77.00 and set an “outperform” rating on the stock in a research report on Monday, April 14th. Finally, Erste Group Bank raised shares of NextEra Energy to a “strong-buy” rating in a report on Wednesday, April 16th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $83.46.

NextEra Energy Trading Up 1.6 %

Shares of NEE stock opened at $67.08 on Friday. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. The stock’s fifty day moving average price is $69.02 and its two-hundred day moving average price is $72.12. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The company has a market cap of $138.09 billion, a PE ratio of 19.91, a P/E/G ratio of 2.45 and a beta of 0.58.

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

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a $0.5665 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.38%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio (DPR) is currently 84.64%.

NextEra Energy 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.