TD Waterhouse Canada Inc. Cuts Position in NextEra Energy, Inc. $NEE

TD Waterhouse Canada Inc. lowered its holdings in NextEra Energy, Inc. (NYSE:NEE) by 54.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 97,169 shares of the utilities provider’s stock after selling 118,123 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in NextEra Energy were worth $7,096,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Activest Wealth Management lifted its stake in shares of NextEra Energy by 79.7% in the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 157 shares during the period. Harbor Asset Planning Inc. purchased a new position in NextEra Energy in the second quarter valued at about $25,000. 1 North Wealth Services LLC acquired a new stake in shares of NextEra Energy during the 1st quarter valued at approximately $26,000. Quaker Wealth Management LLC boosted its stake in shares of NextEra Energy by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 772 shares in the last quarter. Finally, Nova Wealth Management Inc. purchased a new stake in shares of NextEra Energy during the 1st quarter worth approximately $32,000. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

NYSE:NEE opened at $84.37 on Thursday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45. The firm has a market cap of $175.72 billion, a PE ratio of 26.87, a P/E/G ratio of 2.76 and a beta of 0.69. The firm has a 50 day simple moving average of $80.38 and a 200-day simple moving average of $75.02. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $87.53.

NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.04 by $0.09. The firm had revenue of $7.97 billion during the quarter, compared to analysts’ expectations of $8.13 billion. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. NextEra Energy’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.03 EPS. On average, equities analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be issued a $0.5665 dividend. The ex-dividend date is Friday, November 21st. This represents a $2.27 annualized dividend and a yield of 2.7%. NextEra Energy’s payout ratio is 71.97%.

Wall Street Analysts Forecast Growth

NEE has been the subject of several research analyst reports. Melius Research raised NextEra Energy to a “strong-buy” rating in a research note on Wednesday, August 20th. Jefferies Financial Group reaffirmed a “hold” rating and set a $85.00 price target (up previously from $77.00) on shares of NextEra Energy in a research note on Tuesday, October 14th. Morgan Stanley reissued an “overweight” rating and issued a $95.00 price objective (down from $96.00) on shares of NextEra Energy in a research note on Thursday, September 25th. HSBC lifted their target price on shares of NextEra Energy from $94.00 to $95.00 in a research report on Monday, November 10th. Finally, Mizuho increased their price target on shares of NextEra Energy from $78.00 to $88.00 and gave the company a “neutral” rating in a research report on Monday, October 27th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus target price of $90.53.

Insider Activity at NextEra Energy

In related news, EVP Mark Lemasney sold 846 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of the transaction, the executive vice president owned 9,267 shares of the company’s stock, valued at approximately $694,098.30. This represents a 8.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of NextEra Energy stock in a transaction on Monday, November 17th. The shares were sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the completion of the transaction, the chief executive officer owned 162,693 shares in the company, valued at approximately $13,651,569.63. This trade represents a 47.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 168,168 shares of company stock worth $13,917,670. 0.20% of the stock is owned by insiders.

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.