NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Groupama Asset Managment

Groupama Asset Managment increased its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 312.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,941,778 shares of the utilities provider's stock after purchasing an additional 1,470,613 shares during the period. NextEra Energy makes up 1.0% of Groupama Asset Managment's portfolio, making the stock its 23rd largest holding. Groupama Asset Managment owned about 0.09% of NextEra Energy worth $139,206,000 at the end of the most recent quarter.

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

Insider Activity

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

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NextEra Energy Stock Down 0.6 %

Shares of NextEra Energy stock traded down $0.46 on Wednesday, reaching $70.46. The stock had a trading volume of 8,474,612 shares, compared to its average volume of 10,633,564. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $144.94 billion, a P/E ratio of 20.91, a P/E/G ratio of 2.45 and a beta of 0.58. The company has a 50 day moving average price of $70.71 and a 200 day moving average price of $74.87. NextEra Energy, Inc. has a 1 year low of $61.31 and a 1 year high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders 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. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.22%. NextEra Energy's payout ratio is presently 67.06%.

Analysts Set New Price Targets

A number of research firms have recently commented on NEE. Jefferies Financial Group cut their price target on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Guggenheim restated a "buy" rating and issued a $89.00 target price on shares of NextEra Energy 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 company an "overweight" rating in a research note on Tuesday, March 11th. Evercore ISI dropped their price objective on NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a research note on Monday, January 27th. Finally, Scotiabank lifted their target price on NextEra Energy from $92.00 to $96.00 and gave the company a "sector outperform" rating in a research report on Thursday, December 12th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $85.92.

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.