NextEra Energy, Inc. (NYSE:NEE) Shares Sold by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lowered its holdings in NextEra Energy, Inc. (NYSE:NEE) by 3.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,482,848 shares of the utilities provider’s stock after selling 59,387 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.07% of NextEra Energy worth $94,769,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Norges Bank acquired a new stake in NextEra Energy in the fourth quarter valued at $2,561,055,000. Charles Schwab Investment Management Inc. increased its position in shares of NextEra Energy by 4.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,782,674 shares of the utilities provider’s stock valued at $654,940,000 after buying an additional 429,979 shares in the last quarter. Nordea Investment Management AB increased its position in shares of NextEra Energy by 22.3% in the first quarter. Nordea Investment Management AB now owns 6,961,556 shares of the utilities provider’s stock valued at $443,834,000 after buying an additional 1,268,900 shares in the last quarter. 1832 Asset Management L.P. increased its position in shares of NextEra Energy by 10.5% in the fourth quarter. 1832 Asset Management L.P. now owns 6,631,121 shares of the utilities provider’s stock valued at $402,774,000 after buying an additional 629,032 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of NextEra Energy by 8.2% in the fourth quarter. Principal Financial Group Inc. now owns 5,905,784 shares of the utilities provider’s stock valued at $358,717,000 after buying an additional 449,387 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of research analyst reports. BMO Capital Markets raised their price target on NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a research report on Monday. Morgan Stanley raised their price target on NextEra Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. Wells Fargo & Company restated an “overweight” rating and issued a $95.00 price target on shares of NextEra Energy in a research report on Wednesday, June 12th. Mizuho downgraded shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price for the company. in a research note on Wednesday, June 12th. Finally, JPMorgan Chase & Co. boosted their target price on shares of NextEra Energy from $76.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, June 20th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $77.79.

NextEra Energy Trading Down 1.4 %

NYSE:NEE traded down $1.00 during trading hours on Wednesday, reaching $70.90. 11,878,672 shares of the company were exchanged, compared to its average volume of 11,790,809. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43. The firm has a market cap of $145.67 billion, a price-to-earnings ratio of 19.32, a PEG ratio of 2.43 and a beta of 0.54. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $80.47. The stock has a 50 day simple moving average of $74.23 and a 200 day simple moving average of $65.53.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The company had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter last year, the firm posted $0.84 earnings per share. NextEra Energy’s revenue was down 14.7% on a year-over-year basis. As a group, analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were given a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.91%. The ex-dividend date was Monday, June 3rd. NextEra Energy’s payout ratio is currently 56.13%.

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.