Groupama Asset Managment Has $139.21 Million Stake in NextEra Energy, Inc. (NYSE:NEE)

Groupama Asset Managment increased its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 312.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,941,778 shares of the utilities provider's stock after acquiring an additional 1,470,613 shares during the quarter. NextEra Energy makes up approximately 1.0% of Groupama Asset Managment's holdings, making the stock its 23rd biggest holding. Groupama Asset Managment owned approximately 0.09% of NextEra Energy worth $139,206,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Burkett Financial Services LLC increased its stake in NextEra Energy by 1,229.6% in the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC purchased a new stake in NextEra Energy in the 4th quarter valued at about $28,000. Quarry LP acquired a new position in shares of NextEra Energy during the 3rd quarter valued at about $33,000. WealthTrak Capital Management LLC acquired a new stake in shares of NextEra Energy in the fourth quarter worth approximately $33,000. Finally, Luken Investment Analytics LLC purchased a new position in NextEra Energy during the fourth quarter worth approximately $36,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total value of $162,258.47. Following the transaction, the chief accounting officer now owns 27,427 shares of the company's stock, valued at $1,867,504.43. The trade was a 7.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.18% of the company's stock.

NextEra Energy Stock Performance

NEE stock traded down $5.17 during trading on Friday, reaching $66.97. 20,977,931 shares of the company's stock were exchanged, compared to its average volume of 10,688,606. NextEra Energy, Inc. has a 1-year low of $61.31 and a 1-year high of $86.10. The firm has a market cap of $137.75 billion, a PE ratio of 19.87, a P/E/G ratio of 2.45 and a beta of 0.58. The company's fifty day moving average price is $70.65 and its 200-day moving average price is $74.65. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. On average, research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal 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 paid a dividend of $0.5665 per share. 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 3.38%. The ex-dividend date was Friday, February 28th. NextEra Energy's dividend payout ratio (DPR) is presently 67.06%.

Analyst Upgrades and Downgrades

NEE has been the subject of several research analyst reports. Evercore ISI dropped their price target on NextEra Energy from $84.00 to $79.00 and set an "in-line" rating for the company in a research note on Monday, January 27th. Scotiabank increased their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the company a "sector outperform" rating in a research report on Thursday, December 12th. Morgan Stanley lifted their price objective on shares of NextEra Energy from $95.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday, March 20th. JPMorgan Chase & Co. lifted their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. Finally, Guggenheim reiterated a "buy" rating and set a $89.00 target price on shares of NextEra Energy in a research note on Thursday, March 20th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $85.92.

NextEra Energy Company 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.