NextEra Energy, Inc. $NEE Stake Lessened by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC cut its stake in NextEra Energy, Inc. (NYSE:NEE) by 2.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,077,401 shares of the utilities provider’s stock after selling 63,066 shares during the period. Chevy Chase Trust Holdings LLC owned 0.10% of NextEra Energy worth $156,823,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Sax Wealth Advisors LLC increased its position in shares of NextEra Energy by 0.6% in the 3rd quarter. Sax Wealth Advisors LLC now owns 19,380 shares of the utilities provider’s stock worth $1,463,000 after purchasing an additional 118 shares during the last quarter. apricus wealth LLC raised its stake in shares of NextEra Energy by 3.8% in the 3rd quarter. apricus wealth LLC now owns 3,272 shares of the utilities provider’s stock valued at $247,000 after purchasing an additional 120 shares in the last quarter. Isthmus Partners LLC lifted its position in shares of NextEra Energy by 1.9% during the third quarter. Isthmus Partners LLC now owns 6,590 shares of the utilities provider’s stock worth $497,000 after purchasing an additional 120 shares during the last quarter. Fingerlakes Wealth Management Inc. lifted its position in shares of NextEra Energy by 0.8% during the third quarter. Fingerlakes Wealth Management Inc. now owns 16,215 shares of the utilities provider’s stock worth $1,224,000 after purchasing an additional 124 shares during the last quarter. Finally, Heritage Wealth Management Inc. grew its stake in NextEra Energy by 1.0% in the third quarter. Heritage Wealth Management Inc. now owns 12,320 shares of the utilities provider’s stock worth $930,000 after purchasing an additional 125 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NEE has been the subject of several research analyst reports. Morgan Stanley reissued an “overweight” rating and issued a $106.00 price objective on shares of NextEra Energy in a report on Friday, February 20th. BTIG Research reaffirmed a “buy” rating and set a $103.00 target price on shares of NextEra Energy in a report on Wednesday, January 28th. Mizuho set a $90.00 target price on NextEra Energy and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Wells Fargo & Company boosted their price target on NextEra Energy from $97.00 to $98.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Finally, The Goldman Sachs Group upped their price target on NextEra Energy from $94.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $94.16.

Insiders Place Their Bets

In related news, CEO John W. Ketchum sold 99,603 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $89.34, for a total value of $8,898,532.02. Following the sale, the chief executive officer directly owned 305,933 shares in the company, valued at $27,332,054.22. This trade represents a 24.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ronald R. Reagan sold 18,620 shares of NextEra Energy stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total value of $1,675,800.00. Following the sale, the executive vice president directly owned 9,643 shares in the company, valued at $867,870. The trade was a 65.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 185,882 shares of company stock worth $16,616,757. 0.20% of the stock is owned by company insiders.

NextEra Energy Trading Up 1.2%

Shares of NYSE:NEE opened at $92.81 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.60 and a debt-to-equity ratio of 1.35. The company’s 50-day moving average price is $88.42 and its 200 day moving average price is $82.89. The company has a market cap of $193.38 billion, a PE ratio of 28.21 and a beta of 0.76. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $95.91.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, topping the consensus estimate of $0.53 by $0.01. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The firm had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $7.07 billion. During the same quarter in the prior year, the firm earned $0.53 EPS. NextEra Energy’s quarterly revenue was up 20.7% on a year-over-year basis. Sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be issued a $0.6232 dividend. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Friday, February 27th. This represents a $2.49 dividend on an annualized basis and a yield of 2.7%. NextEra Energy’s dividend payout ratio is currently 75.68%.

About NextEra Energy

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.