TD Private Client Wealth LLC Has $8.31 Million Holdings in NextEra Energy, Inc. (NYSE:NEE)

TD Private Client Wealth LLC increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 98,284 shares of the utilities provider’s stock after buying an additional 1,932 shares during the period. TD Private Client Wealth LLC’s holdings in NextEra Energy were worth $8,308,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its stake in NextEra Energy by 8,641.5% in the third quarter. International Assets Investment Management LLC now owns 3,861,208 shares of the utilities provider’s stock valued at $326,388,000 after buying an additional 3,817,037 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of NextEra Energy by 4,058.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,366,795 shares of the utilities provider’s stock worth $200,065,000 after acquiring an additional 2,309,876 shares during the last quarter. Raymond James & Associates raised its stake in NextEra Energy by 57.0% in the 2nd quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock valued at $421,831,000 after acquiring an additional 2,163,437 shares during the period. LGT Group Foundation lifted its holdings in NextEra Energy by 962.8% during the 2nd quarter. LGT Group Foundation now owns 1,514,482 shares of the utilities provider’s stock valued at $107,240,000 after purchasing an additional 1,371,982 shares during the last quarter. Finally, National Bank of Canada FI lifted its holdings in NextEra Energy by 167.7% during the 3rd quarter. National Bank of Canada FI now owns 2,186,225 shares of the utilities provider’s stock valued at $184,795,000 after purchasing an additional 1,369,689 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research report on Tuesday, September 3rd. Barclays increased their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Morgan Stanley cut their price objective on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. Guggenheim upped their target price on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Scotiabank lifted their price target on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $86.85.

NextEra Energy Stock Performance

NYSE:NEE opened at $74.18 on Wednesday. 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, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The company has a market cap of $152.54 billion, a price-to-earnings ratio of 21.95, a PEG ratio of 2.72 and a beta of 0.56. The stock has a fifty day moving average price of $79.30 and a 200-day moving average price of $77.84.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. During the same period in the prior year, the company posted $0.94 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, equities analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.78%. NextEra Energy’s dividend payout ratio is currently 60.95%.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction that occurred 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 directly owns 15,792 shares in the company, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

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.