Chevy Chase Trust Holdings LLC Sells 23,501 Shares of NextEra Energy, Inc. (NYSE:NEE)

Chevy Chase Trust Holdings LLC reduced its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 1.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,127,120 shares of the utilities provider's stock after selling 23,501 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.10% of NextEra Energy worth $150,792,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Bellwether Advisors LLC purchased a new position in NextEra Energy during the fourth quarter valued at approximately $30,000. WealthTrak Capital Management LLC purchased a new stake in shares of NextEra Energy in the fourth quarter worth $33,000. Copia Wealth Management bought a new stake in shares of NextEra Energy during the 4th quarter valued at $36,000. Midwest Capital Advisors LLC purchased a new position in shares of NextEra Energy during the 4th quarter valued at $44,000. Finally, Promus Capital LLC bought a new position in NextEra Energy in the 4th quarter worth $45,000. 78.72% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction on Friday, May 9th. The shares were sold at an average price of $70.00, for a total value of $1,657,880.00. Following the sale, the executive vice president now owns 196,817 shares of the company's stock, valued at approximately $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.18% of the stock is owned by corporate insiders.

NextEra Energy Price Performance

Shares of NextEra Energy stock traded down $1.01 during trading hours on Wednesday, reaching $70.39. The company's stock had a trading volume of 12,838,762 shares, compared to its average volume of 10,980,119. The firm has a 50 day moving average price of $69.71 and a 200-day moving average price of $70.22. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.55 and a quick ratio of 0.45. The stock has a market cap of $144.91 billion, a P/E ratio of 26.36, a P/E/G ratio of 2.49 and a beta of 0.68. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The company had revenue of $6.25 billion for the quarter, compared to analysts' expectations of $6.58 billion. During the same period in the previous year, the firm posted $0.91 earnings per share. The firm's revenue for the quarter was up 9.0% on a year-over-year basis. On average, analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $0.5665 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.27 annualized dividend and a yield of 3.22%. NextEra Energy's payout ratio is presently 85.02%.

Analysts Set New Price Targets

A number of equities research analysts have commented on NEE shares. Guggenheim reissued a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. BMO Capital Markets dropped their price target on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Wells Fargo & Company reduced their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Erste Group Bank downgraded shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Finally, UBS Group dropped their target price on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research report on Friday, May 23rd. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $84.50.

NextEra Energy Company 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.