TD Private Client Wealth LLC Buys 1,189 Shares of NextEra Energy, Inc. (NYSE:NEE)

TD Private Client Wealth LLC lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 99,473 shares of the utilities provider’s stock after acquiring an additional 1,189 shares during the quarter. TD Private Client Wealth LLC’s holdings in NextEra Energy were worth $7,131,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. grew its stake in shares of NextEra Energy by 158.1% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 96,522 shares of the utilities provider’s stock valued at $6,920,000 after acquiring an additional 59,130 shares during the period. HUB Investment Partners LLC lifted its holdings in NextEra Energy by 7.9% in the 4th quarter. HUB Investment Partners LLC now owns 126,244 shares of the utilities provider’s stock worth $9,050,000 after purchasing an additional 9,197 shares in the last quarter. Whittier Trust Co. lifted its holdings in NextEra Energy by 212.0% in the 4th quarter. Whittier Trust Co. now owns 197,674 shares of the utilities provider’s stock worth $14,171,000 after purchasing an additional 134,318 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in NextEra Energy by 0.6% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,480,505 shares of the utilities provider’s stock worth $249,517,000 after purchasing an additional 20,722 shares in the last quarter. Finally, iA Global Asset Management Inc. purchased a new position in NextEra Energy in the 4th quarter worth approximately $1,377,000. 78.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the transaction, the chief accounting officer now owns 27,427 shares of the company’s stock, valued at approximately $1,867,504.43. This represents a 7.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is currently owned by corporate insiders.

NextEra Energy Stock Performance

NYSE:NEE opened at $71.17 on Friday. The stock’s fifty day moving average is $70.55 and its 200 day moving average is $75.63. NextEra Energy, Inc. has a fifty-two week low of $61.29 and a fifty-two week high of $86.10. The firm has a market capitalization of $146.40 billion, a PE ratio of 21.12, a PEG ratio of 2.45 and a beta of 0.58. 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 (NYSE:NEE) last announced its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 3.18%. The ex-dividend date was Friday, February 28th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio is 67.06%.

Wall Street Analyst Weigh In

NEE has been the topic of a number of research analyst reports. BMO Capital Markets boosted their price target on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Jefferies Financial Group lowered their price target on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Evercore ISI lowered their price target on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. Guggenheim reaffirmed a “buy” rating and set a $89.00 price objective on shares of NextEra Energy in a report on Thursday. Finally, Morgan Stanley upped their price objective on NextEra Energy from $95.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, NextEra Energy has an average rating of “Hold” and a consensus target price of $85.92.

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.