Groupama Asset Managment Has $39.83 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Groupama Asset Managment grew its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 28.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 471,165 shares of the utilities provider's stock after buying an additional 103,599 shares during the quarter. Groupama Asset Managment's holdings in NextEra Energy were worth $39,828,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NEE. Reston Wealth Management LLC bought a new stake in NextEra Energy during the 3rd quarter worth about $27,000. Semmax Financial Advisors Inc. boosted its stake in NextEra Energy by 197.4% in the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 225 shares during the last quarter. Proffitt & Goodson Inc. raised its position in shares of NextEra Energy by 64.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 144 shares during the last quarter. Quarry LP bought a new position in shares of NextEra Energy in the 3rd quarter worth $33,000. Finally, Valley Wealth Managers Inc. acquired a new position in NextEra Energy in the second quarter valued at about $33,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NEE has been the subject of a number of recent analyst reports. BMO Capital Markets upped their price target on NextEra Energy from $83.00 to $91.00 and gave the company an "outperform" rating in a research note on Friday, October 18th. Royal Bank of Canada lowered shares of NextEra Energy from a "moderate buy" rating to a "hold" rating in a report on Tuesday, October 22nd. Morgan Stanley dropped their price objective on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research note on Friday, November 22nd. Dbs Bank cut NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 27th. Finally, Barclays raised 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. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $86.85.

NextEra Energy Stock Performance

Shares of NYSE NEE traded down $0.21 during trading hours on Monday, reaching $75.03. 5,576,814 shares of the stock were exchanged, compared to its average volume of 10,832,394. The stock's fifty day simple moving average is $79.50 and its 200 day simple moving average is $77.84. The firm has a market capitalization of $154.29 billion, a price-to-earnings ratio of 22.26, a P/E/G ratio of 2.72 and a beta of 0.56. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (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 company had revenue of $7.57 billion during the quarter, compared to analysts' expectations of $8.11 billion. During the same quarter in the previous year, the business posted $0.94 earnings per share. NextEra Energy's quarterly revenue was up 5.5% on a year-over-year basis. Sell-side analysts predict that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be given a $0.515 dividend. The ex-dividend date is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.75%. NextEra Energy's payout ratio is 60.95%.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the sale, the executive vice president now directly owns 15,792 shares in the company, valued at $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.18% of the stock is currently owned by corporate insiders.

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.