BNP Paribas Has $1.79 Million Stake in NextEra Energy, Inc. (NYSE:NEE)

BNP Paribas grew its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 22.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,982 shares of the utilities provider's stock after buying an additional 4,532 shares during the quarter. BNP Paribas' holdings in NextEra Energy were worth $1,791,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

NextEra Energy Price Performance

NYSE NEE traded up $0.47 during trading on Tuesday, reaching $66.57. 7,940,764 shares of the company traded hands, compared to its average volume of 10,767,507. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The company has a market cap of $137.03 billion, a price-to-earnings ratio of 19.75, a P/E/G ratio of 2.45 and a beta of 0.69. The stock's 50 day moving average price is $68.86 and its two-hundred day moving average price is $71.87. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share 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 was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.91 earnings per share. As a group, analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently declared 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 is a positive change from NextEra Energy's previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a yield of 3.40%. NextEra Energy's payout ratio is 84.64%.

Analyst Ratings Changes

Several analysts recently issued reports on NEE shares. Erste Group Bank raised shares of NextEra Energy to a "strong-buy" rating in a report on Wednesday, April 16th. Jefferies Financial Group lowered their price target on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Barclays cut their price objective on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 29th. BMO Capital Markets dropped their price target on 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, Wells Fargo & Company reduced their price objective on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, NextEra Energy has an average rating of "Moderate Buy" and a consensus target price of $83.46.

Insiders Place Their Bets

In related news, CAO James Michael May sold 2,383 shares of the stock in a transaction that occurred 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 directly owns 27,427 shares in the company, valued at $1,867,504.43. This represents a 7.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.18% of the company's stock.

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.