NextEra Energy, Inc. (NYSE:NEE) Position Lessened by Toronto Dominion Bank

Toronto Dominion Bank trimmed its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 41.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 716,062 shares of the utilities provider’s stock after selling 512,878 shares during the period. Toronto Dominion Bank’s holdings in NextEra Energy were worth $45,764,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Avitas Wealth Management LLC raised its holdings in NextEra Energy by 2.9% during the fourth quarter. Avitas Wealth Management LLC now owns 37,843 shares of the utilities provider’s stock valued at $2,299,000 after buying an additional 1,057 shares in the last quarter. Stiles Financial Services Inc raised its holdings in NextEra Energy by 9.0% during the fourth quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock valued at $2,137,000 after buying an additional 2,899 shares in the last quarter. Janney Capital Management LLC raised its holdings in NextEra Energy by 9.5% during the fourth quarter. Janney Capital Management LLC now owns 46,673 shares of the utilities provider’s stock valued at $2,835,000 after buying an additional 4,047 shares in the last quarter. AJOVista LLC acquired a new stake in shares of NextEra Energy in the fourth quarter valued at about $162,000. Finally, Intech Investment Management LLC increased its stake in shares of NextEra Energy by 35.7% in the first quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider’s stock worth $6,411,000 after purchasing an additional 26,382 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on NEE shares. Bank of America boosted their price objective on NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 23rd. Barclays boosted their price target on NextEra Energy from $72.00 to $75.00 and gave the company an “equal weight” rating in a research note on Friday. Scotiabank boosted their price target on NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research note on Monday, April 22nd. BMO Capital Markets boosted their price target on NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Finally, Morgan Stanley boosted their price target on NextEra Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $78.00.

NextEra Energy Trading Up 1.1 %

NYSE:NEE traded up $0.81 during trading hours on Friday, hitting $74.25. 7,075,553 shares of the stock were exchanged, compared to its average volume of 11,723,080. The company’s 50 day moving average is $73.90 and its two-hundred day moving average is $66.05. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $80.47. The company has a quick ratio of 0.43, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $152.55 billion, a P/E ratio of 20.23, a price-to-earnings-growth ratio of 2.59 and a beta of 0.54.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. The company had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $7.29 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. During the same quarter in the prior year, the business posted $0.88 EPS. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Friday, August 30th. NextEra Energy’s dividend payout ratio is currently 56.13%.

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.