TD Waterhouse Canada Inc. Has $16.02 Million Holdings in NextEra Energy, Inc. (NYSE:NEE)

TD Waterhouse Canada Inc. boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 3.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 223,373 shares of the utilities provider’s stock after buying an additional 8,117 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in NextEra Energy were worth $16,016,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Burkett Financial Services LLC raised its position in shares of NextEra Energy by 1,229.6% during the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after buying an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC bought a new stake in NextEra Energy during the 4th quarter worth approximately $28,000. WealthTrak Capital Management LLC bought a new position in shares of NextEra Energy in the fourth quarter valued at about $33,000. Luken Investment Analytics LLC bought a new position in shares of NextEra Energy in the fourth quarter worth about $36,000. Finally, Midwest Capital Advisors LLC acquired a new position in NextEra Energy during the 4th quarter worth $44,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on NEE shares. Guggenheim reaffirmed a “buy” rating and set a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. Jefferies Financial Group reduced their price target on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Evercore ISI cut their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research note on Monday, January 27th. JPMorgan Chase & Co. increased their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. Finally, BMO Capital Markets dropped their price target on shares of NextEra Energy from $84.00 to $77.00 and set an “outperform” rating on the stock in a research report on Monday, April 14th. Eight analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.15.

Insider Activity

In related news, CAO James Michael May sold 2,383 shares of the firm’s 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 completion of the transaction, the chief accounting officer now directly owns 27,427 shares of the company’s stock, valued at $1,867,504.43. This trade represents a 7.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.18% of the company’s stock.

NextEra Energy Stock Down 2.4 %

NYSE NEE opened at $64.74 on Tuesday. The company has a market cap of $133.27 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 2.45 and a beta of 0.58. The company has a 50 day moving average of $69.54 and a 200-day moving average of $73.00. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (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, equities research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.50%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date was Friday, February 28th. NextEra Energy’s dividend payout ratio is presently 67.06%.

NextEra Energy 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.