TD Asset Management Inc Has $115.15 Million Position in NextEra Energy, Inc. $NEE

Key Points

• TD Asset Management reduced its NextEra Energy stake by 19.2% in the second quarter, selling 312,602 shares and retaining 1.31 million shares valued at approximately $115.15 million. Institutional investors collectively own 78.72% of the company.
• NextEra Energy reported quarterly EPS of $1.15, beating analyst expectations of $1.11, while revenue rose 12.4% year over year to $7.53 billion but fell short of estimates.
• The company declared a quarterly dividend of $0.6232 per share, equivalent to an annualized $2.49 payout and a 3.0% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $100.33.

TD Asset Management Inc lessened its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 19.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,311,911 shares of the utilities provider's stock after selling 312,602 shares during the period. TD Asset Management Inc owned 0.06% of NextEra Energy worth $115,146,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NEE. Indivisible Partners acquired a new stake in NextEra Energy in the fourth quarter worth about $1,355,000. Czech National Bank raised its holdings in NextEra Energy by 4.7% during the 2nd quarter. Czech National Bank now owns 593,568 shares of the utilities provider's stock worth $52,097,000 after purchasing an additional 26,378 shares during the last quarter. Swedbank AB lifted its position in NextEra Energy by 13.4% during the 4th quarter. Swedbank AB now owns 1,016,630 shares of the utilities provider's stock valued at $81,615,000 after purchasing an additional 120,389 shares during the period. Annex Advisory Services LLC lifted its position in NextEra Energy by 13.9% during the 2nd quarter. Annex Advisory Services LLC now owns 711,009 shares of the utilities provider's stock valued at $62,405,000 after purchasing an additional 86,585 shares during the period. Finally, MGO One Seven LLC boosted its stake in shares of NextEra Energy by 12.1% in the 4th quarter. MGO One Seven LLC now owns 137,251 shares of the utilities provider's stock valued at $11,018,000 after purchasing an additional 14,828 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Stock Performance

Shares of NEE stock opened at $83.71 on Monday. The stock has a market cap of $174.60 billion, a PE ratio of 18.81, a price-to-earnings-growth ratio of 2.29 and a beta of 0.67. The stock has a 50-day moving average of $87.22 and a 200-day moving average of $89.90. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.53 and a quick ratio of 0.44. NextEra Energy, Inc. has a one year low of $69.24 and a one year high of $98.75.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings data on Friday, July 24th. The utilities provider reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.04. The business had revenue of $7.53 billion for the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. NextEra Energy's quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.05 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. As a group, sell-side analysts expect that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th will be given a dividend of $0.6232 per share. This represents a $2.49 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, August 28th. NextEra Energy's dividend payout ratio (DPR) is currently 55.96%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Barclays set a $91.00 price target on shares of NextEra Energy and gave the stock an "equal weight" rating in a research report on Tuesday, July 7th. TD Cowen increased their price objective on shares of NextEra Energy from $99.00 to $101.00 and gave the company a "buy" rating in a report on Monday, April 27th. HSBC raised their price objective on shares of NextEra Energy from $103.00 to $106.00 and gave the company a "buy" rating in a research note on Tuesday, April 28th. Evercore reiterated an "outperform" rating and set a $107.00 target price on shares of NextEra Energy in a research report on Monday, May 4th. Finally, Jefferies Financial Group set a $94.00 price target on NextEra Energy in a research note on Tuesday, July 14th. Seventeen analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $100.33.

NextEra Energy Profile

NextEra Energy, Inc NYSE: NEE, headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company's principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra's activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.

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