TD Asset Management Inc. Reduces Position in NextEra Energy, Inc. (NYSE:NEE)

TD Asset Management Inc. trimmed its holdings in NextEra Energy, Inc. (NYSE:NEE) by 8.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,942,543 shares of the utilities provider’s stock after selling 385,868 shares during the quarter. TD Asset Management Inc. owned approximately 0.19% of NextEra Energy worth $282,641,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Empowered Funds LLC increased its stake in NextEra Energy by 14.7% in the fourth quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider’s stock worth $3,267,000 after purchasing an additional 5,831 shares during the period. Empower Advisory Group LLC grew its holdings in shares of NextEra Energy by 2.3% in the fourth quarter. Empower Advisory Group LLC now owns 1,823,327 shares of the utilities provider’s stock worth $130,714,000 after purchasing an additional 41,328 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of NextEra Energy by 20.9% in the fourth quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock worth $634,703,000 after purchasing an additional 1,525,436 shares during the last quarter. Czech National Bank increased its stake in NextEra Energy by 6.5% in the 4th quarter. Czech National Bank now owns 445,870 shares of the utilities provider’s stock worth $31,964,000 after buying an additional 27,340 shares during the period. Finally, ST Germain D J Co. Inc. lifted its holdings in NextEra Energy by 5.8% during the 4th quarter. ST Germain D J Co. Inc. now owns 171,735 shares of the utilities provider’s stock valued at $12,312,000 after buying an additional 9,425 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

Insider Activity at NextEra Energy

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. 0.18% of the stock is currently owned by corporate insiders.

NextEra Energy Stock Performance

NEE stock opened at $70.02 on Tuesday. The firm has a 50-day simple moving average of $70.68 and a two-hundred day simple moving average of $75.42. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. NextEra Energy, Inc. has a one year low of $61.30 and a one year high of $86.10. The firm has a market cap of $144.03 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last posted its earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were paid a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.24%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 28th. NextEra Energy’s payout ratio is 67.06%.

Analyst Ratings Changes

NEE has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upped their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. Jefferies Financial Group dropped their price objective on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Morgan Stanley raised their price objective on NextEra Energy from $95.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday, March 20th. Guggenheim reiterated a “buy” rating and issued a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. Finally, Scotiabank raised their price target on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $85.92.

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.