Toronto Dominion Bank Boosts Stake in NextEra Energy (NEE)

Toronto Dominion Bank lifted its holdings in NextEra Energy (NYSE:NEE) by 24.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 380,629 shares of the utilities provider’s stock after buying an additional 75,615 shares during the period. Toronto Dominion Bank owned about 0.08% of NextEra Energy worth $62,154,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of NEE. Geode Capital Management LLC grew its holdings in NextEra Energy by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 4,869,190 shares of the utilities provider’s stock valued at $758,889,000 after purchasing an additional 73,790 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in NextEra Energy by 6.5% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,968,016 shares of the utilities provider’s stock valued at $619,764,000 after purchasing an additional 243,649 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in NextEra Energy by 1.1% during the 4th quarter. Bank of New York Mellon Corp now owns 3,907,505 shares of the utilities provider’s stock valued at $610,314,000 after purchasing an additional 41,226 shares during the last quarter. Alliancebernstein L.P. grew its holdings in NextEra Energy by 1.0% during the 4th quarter. Alliancebernstein L.P. now owns 2,664,040 shares of the utilities provider’s stock valued at $416,096,000 after purchasing an additional 26,147 shares during the last quarter. Finally, Eaton Vance Management grew its holdings in NextEra Energy by 3.6% during the 4th quarter. Eaton Vance Management now owns 2,222,593 shares of the utilities provider’s stock valued at $347,147,000 after purchasing an additional 77,806 shares during the last quarter. Hedge funds and other institutional investors own 75.98% of the company’s stock.

In other NextEra Energy news, insider Manoochehr K. Nazar sold 13,890 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $155.64, for a total value of $2,161,839.60. Following the completion of the sale, the insider now directly owns 142,429 shares of the company’s stock, valued at approximately $22,167,649.56. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director James L. Robo sold 81,489 shares of the business’s stock in a transaction dated Thursday, May 17th. The shares were sold at an average price of $156.81, for a total transaction of $12,778,290.09. The disclosure for this sale can be found here. Over the last three months, insiders sold 142,754 shares of company stock valued at $22,504,957. 0.55% of the stock is owned by corporate insiders.

Several equities analysts recently commented on NEE shares. KeyCorp upped their price target on shares of NextEra Energy from $165.00 to $168.00 and gave the company an “overweight” rating in a report on Wednesday, April 18th. Morgan Stanley cut their price target on shares of NextEra Energy from $170.00 to $168.00 and set an “overweight” rating on the stock in a report on Thursday, March 8th. Zacks Investment Research downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, March 29th. JPMorgan Chase upped their price target on shares of NextEra Energy from $170.00 to $171.00 and gave the company an “overweight” rating in a report on Thursday, April 26th. Finally, ValuEngine downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, May 17th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $168.92.

NextEra Energy opened at $159.89 on Wednesday, Marketbeat reports. The stock has a market capitalization of $75.43 billion, a price-to-earnings ratio of 23.86, a P/E/G ratio of 2.36 and a beta of 0.23. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.59 and a quick ratio of 0.46. NextEra Energy has a 1 year low of $138.00 and a 1 year high of $165.15.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, April 24th. The utilities provider reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.16. The company had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $4.15 billion. NextEra Energy had a net margin of 48.13% and a return on equity of 10.91%. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.75 EPS. research analysts expect that NextEra Energy will post 7.75 earnings per share for the current fiscal year.

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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply