NextEra Energy, Inc. $NEE Shares Sold by TD Asset Management Inc

TD Asset Management Inc decreased its position in NextEra Energy, Inc. (NYSE:NEE) by 3.8% in the second quarter, HoldingsChannel.com reports. The fund owned 950,350 shares of the utilities provider’s stock after selling 37,092 shares during the period. TD Asset Management Inc’s holdings in NextEra Energy were worth $65,973,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock worth $2,028,000 after buying an additional 1,840 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of NextEra Energy by 6.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after acquiring an additional 298 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of NextEra Energy by 20.7% in the first quarter. GAMMA Investing LLC now owns 34,681 shares of the utilities provider’s stock worth $2,459,000 after acquiring an additional 5,949 shares during the period. Exchange Traded Concepts LLC raised its holdings in shares of NextEra Energy by 5.5% during the first quarter. Exchange Traded Concepts LLC now owns 4,390 shares of the utilities provider’s stock worth $311,000 after purchasing an additional 228 shares during the last quarter. Finally, Inscription Capital LLC acquired a new position in NextEra Energy during the first quarter valued at $660,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Activity

In other NextEra Energy news, EVP Charles E. Sieving sold 11,336 shares of the stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total transaction of $906,880.00. Following the completion of the transaction, the executive vice president owned 167,481 shares of the company’s stock, valued at $13,398,480. This represents a 6.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of the firm’s stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the transaction, the treasurer owned 27,662 shares in the company, valued at approximately $2,143,805. This trade represents a 7.30% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,705 shares of company stock worth $2,446,490. Company insiders own 0.20% of the company’s stock.

NextEra Energy Stock Up 1.3%

Shares of NEE opened at $85.73 on Thursday. The firm has a market cap of $176.53 billion, a P/E ratio of 29.97, a PEG ratio of 2.86 and a beta of 0.66. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.49. The stock’s 50 day moving average is $75.05 and its two-hundred day moving average is $72.03. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. The firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The business’s revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.96 EPS. Analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were paid a dividend of $0.5665 per share. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.6%. NextEra Energy’s payout ratio is currently 79.37%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Melius initiated coverage on NextEra Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $77.00 price target on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $95.00 target price (down from $96.00) on shares of NextEra Energy in a report on Thursday, September 25th. Jefferies Financial Group reiterated a “hold” rating and set a $85.00 price target (up from $77.00) on shares of NextEra Energy in a research report on Tuesday. Evercore ISI set a $92.00 price objective on NextEra Energy and gave the stock an “outperform” rating in a research report on Monday, October 6th. Finally, HSBC cut their target price on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $85.57.

About NextEra Energy

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.