Chevy Chase Trust Holdings LLC Sells 34,788 Shares of NextEra Energy, Inc. (NYSE:NEE)

Chevy Chase Trust Holdings LLC lessened its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 1.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,150,621 shares of the utilities provider's stock after selling 34,788 shares during the period. Chevy Chase Trust Holdings LLC owned 0.10% of NextEra Energy worth $154,178,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of NEE. Tandem Capital Management Corp ADV increased its holdings in NextEra Energy by 1.3% during the 3rd quarter. Tandem Capital Management Corp ADV now owns 9,935 shares of the utilities provider's stock valued at $840,000 after purchasing an additional 125 shares during the period. Taylor & Morgan Wealth Management LLC grew its position in shares of NextEra Energy by 1.7% in the 3rd quarter. Taylor & Morgan Wealth Management LLC now owns 7,744 shares of the utilities provider's stock worth $655,000 after buying an additional 126 shares during the last quarter. Insight Folios Inc increased its stake in shares of NextEra Energy by 1.5% during the third quarter. Insight Folios Inc now owns 8,439 shares of the utilities provider's stock valued at $713,000 after buying an additional 126 shares during the period. Osborne Partners Capital Management LLC raised its holdings in shares of NextEra Energy by 1.2% during the third quarter. Osborne Partners Capital Management LLC now owns 10,724 shares of the utilities provider's stock valued at $906,000 after acquiring an additional 128 shares in the last quarter. Finally, Boston Trust Walden Corp lifted its stake in NextEra Energy by 0.4% in the third quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider's stock worth $2,597,000 after acquiring an additional 130 shares during the period. Hedge funds and other institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Down 0.8 %

Shares of NYSE NEE traded down $0.54 during midday trading on Monday, hitting $68.06. The stock had a trading volume of 14,183,528 shares, compared to its average volume of 12,249,278. The business's 50 day moving average is $70.97 and its 200-day moving average is $76.84. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The company has a market cap of $139.97 billion, a P/E ratio of 20.20, a PEG ratio of 2.42 and a beta of 0.58.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. As a group, analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be issued a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 3.33%. This is an increase from NextEra Energy's previous quarterly dividend of $0.52. NextEra Energy's dividend payout ratio (DPR) is presently 61.13%.

Analyst Upgrades and Downgrades

Several research analysts have commented on NEE shares. Royal Bank of Canada lowered shares of NextEra Energy from a "moderate buy" rating to a "hold" rating in a report on Tuesday, October 22nd. Scotiabank raised their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a "sector outperform" rating in a report on Thursday, December 12th. Morgan Stanley lifted their price objective on NextEra Energy from $93.00 to $94.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lowered their target price on NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Finally, BMO Capital Markets increased their price target on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $85.85.

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.