Toronto Dominion Bank Raises Holdings in NextEra Energy, Inc. (NYSE:NEE)

Toronto Dominion Bank raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 29.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 894,812 shares of the utilities provider's stock after buying an additional 201,217 shares during the quarter. Toronto Dominion Bank's holdings in NextEra Energy were worth $75,638,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Proffitt & Goodson Inc. lifted its position in NextEra Energy by 64.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider's stock worth $26,000 after buying an additional 144 shares during the last quarter. Semmax Financial Advisors Inc. lifted its holdings in shares of NextEra Energy by 197.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider's stock worth $26,000 after acquiring an additional 225 shares during the last quarter. Reston Wealth Management LLC purchased a new stake in shares of NextEra Energy in the 3rd quarter valued at $27,000. Valley Wealth Managers Inc. purchased a new stake in shares of NextEra Energy in the 2nd quarter valued at $33,000. Finally, Quarry LP purchased a new position in NextEra Energy in the 3rd quarter worth $33,000. 78.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on NEE. BMO Capital Markets upped their price target on shares of NextEra Energy from $83.00 to $91.00 and gave the company an "outperform" rating in a research report on Friday, October 18th. Morgan Stanley reduced their price target on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research report on Friday, November 22nd. Wells Fargo & Company boosted their price objective on NextEra Energy from $95.00 to $102.00 and gave the company an "overweight" rating in a research report on Tuesday, September 3rd. Scotiabank raised their target price on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a "sector outperform" rating in a report on Tuesday, August 20th. Finally, Dbs Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Friday, September 27th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $86.85.

NextEra Energy Stock Down 0.7 %

NEE traded down $0.55 during trading on Wednesday, hitting $73.59. 3,691,919 shares of the company's stock traded hands, compared to its average volume of 10,808,894. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. The company's 50 day simple moving average is $79.08 and its two-hundred day simple moving average is $77.82. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $151.33 billion, a price-to-earnings ratio of 21.98, a PEG ratio of 2.72 and a beta of 0.56.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.98 by $0.05. The company had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. NextEra Energy's revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the company earned $0.94 EPS. Analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Friday, November 22nd. 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 business's stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the transaction, the executive vice president now directly owns 15,792 shares in the company, valued at $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.18% of the company's stock.

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.