Chevy Chase Trust Holdings LLC Has $148.59 Million Holdings in NextEra Energy, Inc. $NEE

Key Points

• Chevy Chase Trust Holdings LLC increased its holdings in NextEra Energy, Inc. by 0.6%, now owning 2,140,467 shares valued at approximately $148.59 million.
• NextEra Energy recently announced a quarterly dividend of $0.5665 per share, representing an annualized payout of $2.27 and a dividend yield of 2.7%.
• Institutional investors and hedge funds own a significant portion of NextEra Energy, accounting for 78.72% of the company's stock, indicating strong investor confidence.

Chevy Chase Trust Holdings LLC increased its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 0.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,140,467 shares of the utilities provider's stock after acquiring an additional 13,347 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.10% of NextEra Energy worth $148,591,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in NEE. Avity Investment Management Inc. grew its position in NextEra Energy by 1.7% during the second quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider's stock valued at $35,162,000 after purchasing an additional 8,565 shares in the last quarter. Integrity Alliance LLC. grew its position in NextEra Energy by 41.8% in the first quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider's stock worth $1,779,000 after acquiring an additional 7,401 shares in the last quarter. Elyxium Wealth LLC bought a new stake in NextEra Energy in the first quarter worth approximately $783,000. Czech National Bank grew its position in NextEra Energy by 6.5% in the second quarter. Czech National Bank now owns 503,202 shares of the utilities provider's stock worth $34,932,000 after acquiring an additional 30,878 shares in the last quarter. Finally, Bowman & Co S.C. grew its position in NextEra Energy by 2.0% in the second quarter. Bowman & Co S.C. now owns 13,452 shares of the utilities provider's stock worth $933,000 after acquiring an additional 263 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

Insider Buying and Selling at NextEra Energy

In related news, EVP Robert Coffey sold 7,500 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $71.84, for a total transaction of $538,800.00. Following the completion of the sale, the executive vice president owned 26,539 shares in the company, valued at $1,906,561.76. This trade represents a 22.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Mark Lemasney sold 846 shares of the stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the sale, the executive vice president owned 9,267 shares of the company's stock, valued at $694,098.30. This trade represents a 8.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,705 shares of company stock worth $2,446,490 over the last ninety days. Company insiders own 0.20% of the company's stock.

NextEra Energy Trading Down 0.9%

Shares of NEE stock opened at $85.00 on Friday. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.74. The stock has a market cap of $175.04 billion, a price-to-earnings ratio of 29.72, a P/E/G ratio of 2.90 and a beta of 0.66. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. The firm has a fifty day moving average of $75.30 and a 200-day moving average of $72.13.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The company had revenue of $6.70 billion during the quarter, compared to analysts' expectations of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business's revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.96 EPS. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were given a dividend of $0.5665 per share. The ex-dividend date was Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.7%. NextEra Energy's dividend payout ratio (DPR) is 79.37%.

Analyst Ratings Changes

Several research firms recently issued reports on NEE. Evercore ISI set a $92.00 price objective on shares of NextEra Energy and gave the stock an "outperform" rating in a report on Monday, October 6th. HSBC decreased their price objective on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a report on Friday, July 11th. Melius initiated coverage on shares of NextEra Energy in a research note on Wednesday, August 20th. They set a "buy" rating and a $77.00 target price for the company. TD Cowen initiated coverage on shares of NextEra Energy in a research note on Thursday. They set a "buy" rating and a $98.00 target price for the company. Finally, BMO Capital Markets upped their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $86.40.

About NextEra Energy

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.

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