NextEra Energy, Inc. (NYSE:NEE) Shares Sold by BNP Paribas

BNP Paribas decreased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 44.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,450 shares of the utilities provider’s stock after selling 16,157 shares during the quarter. BNP Paribas’ holdings in NextEra Energy were worth $1,729,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of NEE. Tandem Capital Management Corp ADV grew its position in NextEra Energy by 1.3% in the 3rd quarter. Tandem Capital Management Corp ADV now owns 9,935 shares of the utilities provider’s stock worth $840,000 after purchasing an additional 125 shares during the last quarter. Taylor & Morgan Wealth Management LLC grew its holdings in NextEra Energy by 1.7% in the 3rd quarter. Taylor & Morgan Wealth Management LLC now owns 7,744 shares of the utilities provider’s stock worth $655,000 after buying an additional 126 shares in the last quarter. Insight Folios Inc increased its position in NextEra Energy by 1.5% in the 3rd quarter. Insight Folios Inc now owns 8,439 shares of the utilities provider’s stock valued at $713,000 after acquiring an additional 126 shares during the period. Osborne Partners Capital Management LLC raised its stake in NextEra Energy by 1.2% during the 3rd quarter. Osborne Partners Capital Management LLC now owns 10,724 shares of the utilities provider’s stock valued at $906,000 after acquiring an additional 128 shares in the last quarter. Finally, Boston Trust Walden Corp boosted its position in NextEra Energy by 0.4% during the 3rd quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider’s stock worth $2,597,000 after acquiring an additional 130 shares during the period. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NEE opened at $77.48 on Wednesday. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The firm has a market cap of $159.33 billion, a PE ratio of 22.92, a P/E/G ratio of 2.77 and a beta of 0.57. The business has a fifty day simple moving average of $80.59 and a 200-day simple moving average of $77.79. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. The business had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. NextEra Energy’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the company posted $0.94 EPS. As a group, equities analysts predict that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.515 per share. The ex-dividend date is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.66%. NextEra Energy’s dividend payout ratio is currently 60.95%.

Insider Activity at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the transaction, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is owned by insiders.

Analysts Set New Price Targets

NEE has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their price target on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Guggenheim raised their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Wells Fargo & Company upped their price target on shares of NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 3rd. BMO Capital Markets raised their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Finally, Bank of America upped their target price on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $86.85.

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.