NextEra Energy, Inc. (NYSE:NEE) Position Increased by TD Private Client Wealth LLC

TD Private Client Wealth LLC lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 4.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 103,844 shares of the utilities provider's stock after purchasing an additional 4,371 shares during the quarter. TD Private Client Wealth LLC's holdings in NextEra Energy were worth $7,361,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of NextEra Energy by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 205,297,225 shares of the utilities provider's stock worth $14,717,758,000 after purchasing an additional 2,090,538 shares during the last quarter. Norges Bank acquired a new position in shares of NextEra Energy during the 4th quarter worth $3,484,197,000. Geode Capital Management LLC increased its stake in shares of NextEra Energy by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 43,778,016 shares of the utilities provider's stock worth $3,129,132,000 after purchasing an additional 1,359,268 shares during the last quarter. Northern Trust Corp grew its stake in NextEra Energy by 9.6% in the 4th quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider's stock valued at $1,655,353,000 after buying an additional 2,030,331 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in NextEra Energy by 15.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,921,721 shares of the utilities provider's stock valued at $926,358,000 after buying an additional 1,707,933 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. BMO Capital Markets lowered their target price on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. UBS Group lowered their target price on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research note on Friday, May 23rd. Guggenheim reiterated a "buy" rating and issued a $89.00 target price on shares of NextEra Energy in a research note on Thursday, March 20th. Barclays lowered their target price on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 29th. Finally, Wells Fargo & Company lowered their target price on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $84.55.

NextEra Energy Stock Up 0.7%

Shares of NYSE:NEE opened at $73.56 on Monday. The company's fifty day moving average is $70.62 and its 200-day moving average is $70.15. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.45 and a current ratio of 0.55. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The company has a market capitalization of $151.43 billion, a PE ratio of 27.55, a P/E/G ratio of 2.60 and a beta of 0.67.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting analysts' consensus estimates of $0.99. The firm had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The company's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 earnings per share. Equities research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's payout ratio is currently 85.02%.

Insider Activity at NextEra Energy

In other news, EVP Charles E. Sieving sold 23,684 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $70.00, for a total value of $1,657,880.00. Following the transaction, the executive vice president directly owned 196,817 shares of the company's stock, valued at $13,777,190. The trade was a 10.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is owned by insiders.

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.

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