BNP Paribas Has $1.73 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

BNP Paribas lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 44.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,450 shares of the utilities provider’s stock after selling 16,157 shares during the period. BNP Paribas’ holdings in NextEra Energy were worth $1,729,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of NEE. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in NextEra Energy during the third quarter valued at $477,000. Glenmede Trust Co. NA lifted its holdings in shares of NextEra Energy by 2.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 1,072,106 shares of the utilities provider’s stock valued at $90,625,000 after buying an additional 30,590 shares during the last quarter. Townsquare Capital LLC grew its stake in shares of NextEra Energy by 37.4% in the 3rd quarter. Townsquare Capital LLC now owns 46,646 shares of the utilities provider’s stock valued at $3,943,000 after buying an additional 12,689 shares in the last quarter. Baldwin Investment Management LLC increased its holdings in NextEra Energy by 0.9% in the third quarter. Baldwin Investment Management LLC now owns 35,357 shares of the utilities provider’s stock worth $2,989,000 after buying an additional 317 shares during the last quarter. Finally, Brooklyn Investment Group raised its position in NextEra Energy by 19.0% during the third quarter. Brooklyn Investment Group now owns 19,425 shares of the utilities provider’s stock valued at $1,642,000 after acquiring an additional 3,099 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the sale, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. The trade was a 20.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

NYSE:NEE opened at $77.48 on Wednesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The company has a fifty day moving average price of $80.59 and a 200 day moving average price of $77.79. The stock has a market cap of $159.33 billion, a P/E ratio of 22.92, a PEG ratio of 2.77 and a beta of 0.57.

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

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be given a $0.515 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.66%. NextEra Energy’s dividend payout ratio (DPR) is currently 60.95%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Barclays boosted their price target on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Scotiabank increased their price objective on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. JPMorgan Chase & Co. boosted their target price on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, Wells Fargo & Company increased their price target on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a report on Tuesday, September 3rd. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $86.85.

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.