Trade Report: Today, Toronto Dominion Bank invests in NextEra Energy Inc. (NEE) Shares

Today, Toronto Dominion Bank invests in NextEra Energy Inc. (NEE) Shares

Toronto Dominion Bank raised its stake in NextEra Energy Inc. (NYSE:NEE) by 269.0% during the third quarter, Holdings Channel reports. The institutional investor owned 16,004 shares of the company’s stock after buying an additional 11,667 shares during the period. Toronto Dominion Bank’s holdings in NextEra Energy were worth $1,958,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in NEE. Global X Management Co. LLC raised its position in shares of NextEra Energy by 242.3% in the second quarter. Global X Management Co. LLC now owns 818 shares of the company’s stock worth $107,000 after buying an additional 579 shares during the last quarter. Riggs Asset Managment Co. Inc. raised its position in shares of NextEra Energy by 378.8% in the second quarter. Riggs Asset Managment Co. Inc. now owns 948 shares of the company’s stock worth $124,000 after buying an additional 750 shares during the last quarter. James Investment Research Inc. raised its position in shares of NextEra Energy by 47.2% in the third quarter. James Investment Research Inc. now owns 1,073 shares of the company’s stock worth $131,000 after buying an additional 344 shares during the last quarter. Blue Chip Partners Inc. purchased a new position in shares of NextEra Energy during the second quarter worth approximately $140,000. Finally, Jackson Grant Investment Advisers Inc. raised its position in shares of NextEra Energy by 7.0% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,080 shares of the company’s stock worth $141,000 after buying an additional 71 shares during the last quarter. Hedge funds and other institutional investors own 72.99% of the company’s stock.

NextEra Energy Inc. (NYSE:NEE) traded up 1.18% on Friday, reaching $114.76. The company’s stock had a trading volume of 1,152,326 shares. The company has a 50 day moving average of $121.10 and a 200 day moving average of $123.63. NextEra Energy Inc. has a 52 week low of $96.19 and a 52 week high of $131.98. The firm has a market capitalization of $53.62 billion, a price-to-earnings ratio of 21.69 and a beta of 0.26.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Monday, October 31st. The company reported $1.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.67 by $0.07. NextEra Energy had a return on equity of 11.90% and a net margin of 14.74%. The company earned $4.81 billion during the quarter, compared to analyst estimates of $4.87 billion. During the same period in the previous year, the business earned $1.60 EPS. On average, analysts forecast that NextEra Energy Inc. will post $6.21 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Friday, November 25th will be given a $0.87 dividend. The ex-dividend date is Tuesday, November 22nd. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.03%. NextEra Energy’s dividend payout ratio (DPR) is presently 66.29%.

A number of equities analysts recently commented on NEE shares. Deutsche Bank AG lowered NextEra Energy from a “buy” rating to a “hold” rating and set a $131.00 price target for the company. in a research note on Friday, September 23rd. Mizuho reissued a “buy” rating and set a $138.00 price target on shares of NextEra Energy in a research note on Friday, October 7th. Morgan Stanley reissued a “buy” rating on shares of NextEra Energy in a research note on Monday, August 1st. Bank of America Corp. reaffirmed a “buy” rating and issued a $149.00 price objective on shares of NextEra Energy in a research note on Tuesday, September 27th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $135.00 price objective on shares of NextEra Energy in a research note on Thursday, July 28th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. NextEra Energy has an average rating of “Buy” and an average price target of $129.01.

In other news, CEO Armando Pimentel, Jr. sold 5,022 shares of the company’s stock in a transaction that occurred on Thursday, November 3rd. The stock was sold at an average price of $123.70, for a total value of $621,221.40. Following the completion of the sale, the chief executive officer now directly owns 72,165 shares in the company, valued at $8,926,810.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Charles E. Sieving sold 24,927 shares of the company’s stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $123.55, for a total value of $3,079,730.85. Following the completion of the transaction, the executive vice president now owns 47,189 shares in the company, valued at $5,830,200.95. The disclosure for this sale can be found here. 0.66% of the stock is owned by insiders.

NextEra Energy Company Profile

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power company in North America with electric generating facilities located in over 30 states in the United States and approximately five provinces in Canada. NEE’s operating segments are FPL, an electric utility, and NEER, an energy business.

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