TD Waterhouse Canada Inc. Boosts Stake in NextEra Energy, Inc. $NEE

TD Waterhouse Canada Inc. grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 16.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 521,191 shares of the utilities provider’s stock after purchasing an additional 74,960 shares during the period. TD Waterhouse Canada Inc.’s holdings in NextEra Energy were worth $45,048,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Norges Bank purchased a new stake in NextEra Energy in the 4th quarter valued at about $2,816,327,000. Legal & General Group Plc purchased a new position in NextEra Energy during the second quarter worth about $1,465,987,000. GQG Partners LLC acquired a new stake in shares of NextEra Energy during the second quarter valued at about $651,293,000. Canada Pension Plan Investment Board purchased a new stake in shares of NextEra Energy in the 2nd quarter valued at approximately $389,527,000. Finally, Caisse de depot et placement du Quebec purchased a new stake in shares of NextEra Energy in the 2nd quarter valued at approximately $288,886,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on NEE shares. Wall Street Zen cut shares of NextEra Energy from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 22nd. Weiss Ratings lowered NextEra Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 11th. Bank of America decreased their price target on NextEra Energy from $95.00 to $93.00 and set a “neutral” rating on the stock in a research note on Monday, July 13th. Mizuho set a $95.00 price target on NextEra Energy in a research report on Monday, July 27th. Finally, Jefferies Financial Group set a $94.00 price target on NextEra Energy in a research report on Tuesday, July 14th. Seventeen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus target price of $100.33.

NextEra Energy Stock Down 0.9%

Shares of NEE opened at $83.33 on Friday. The stock has a market capitalization of $173.81 billion, a PE ratio of 18.73, a P/E/G ratio of 2.60 and a beta of 0.65. NextEra Energy, Inc. has a 1 year low of $69.24 and a 1 year high of $98.75. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.44 and a current ratio of 0.53. The company’s 50-day simple moving average is $86.54 and its 200-day simple moving average is $89.41.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, July 24th. The utilities provider reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.04. The firm had revenue of $7.53 billion during the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.05 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. Analysts forecast that NextEra Energy, Inc. will post 4.01 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, August 28th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 3.0%. NextEra Energy’s dividend payout ratio is currently 55.96%.

NextEra Energy Company 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.