Chevy Chase Trust Holdings LLC Buys 143,100 Shares of NextEra Energy, Inc. (NYSE:NEE)

Chevy Chase Trust Holdings LLC lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEEGet Rating) by 5.2% during the third quarter, HoldingsChannel reports. The firm owned 2,902,634 shares of the utilities provider’s stock after acquiring an additional 143,100 shares during the quarter. NextEra Energy makes up 1.0% of Chevy Chase Trust Holdings LLC’s investment portfolio, making the stock its 15th largest position. Chevy Chase Trust Holdings LLC’s holdings in NextEra Energy were worth $227,596,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Hoey Investments Inc. bought a new stake in NextEra Energy in the 2nd quarter valued at $26,000. Urban Wealth Management LLC bought a new stake in NextEra Energy in the 2nd quarter valued at $28,000. SRS Capital Advisors Inc. raised its stake in NextEra Energy by 70.8% in the 2nd quarter. SRS Capital Advisors Inc. now owns 386 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 160 shares during the period. Ellevest Inc. raised its stake in NextEra Energy by 51.3% in the 2nd quarter. Ellevest Inc. now owns 475 shares of the utilities provider’s stock valued at $37,000 after acquiring an additional 161 shares during the period. Finally, Eagle Bay Advisors LLC bought a new stake in NextEra Energy in the 2nd quarter valued at $41,000. Institutional investors own 76.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. KeyCorp dropped their price target on NextEra Energy from $93.00 to $89.00 and set an “overweight” rating on the stock in a research note on Thursday, October 20th. Wells Fargo & Company increased their price objective on NextEra Energy from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 10th. BMO Capital Markets increased their price objective on NextEra Energy from $89.00 to $91.00 and gave the stock an “outperform” rating in a research report on Monday, October 31st. Guggenheim reduced their target price on NextEra Energy from $108.00 to $99.00 in a report on Monday, October 24th. Finally, Credit Suisse Group increased their target price on NextEra Energy to $89.00 in a report on Tuesday, November 1st. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and a consensus price target of $94.40.

NextEra Energy Price Performance

NEE stock opened at $81.35 on Wednesday. NextEra Energy, Inc. has a 1 year low of $67.22 and a 1 year high of $91.35. The company has a market cap of $161.66 billion, a P/E ratio of 43.25, a PEG ratio of 2.76 and a beta of 0.48. The firm has a 50-day moving average of $84.31 and a 200 day moving average of $83.10. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.46 and a quick ratio of 0.40.

NextEra Energy (NYSE:NEEGet Rating) last posted its earnings results on Wednesday, January 25th. The utilities provider reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. NextEra Energy had a net margin of 19.30% and a return on equity of 12.27%. The business had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.58 billion. During the same quarter in the previous year, the firm posted $0.41 EPS. The firm’s revenue was up 22.2% on a year-over-year basis. On average, sell-side analysts forecast that NextEra Energy, Inc. will post 2.89 EPS for the current year.

Insider Activity at NextEra Energy

In related news, EVP Robert Coffey sold 2,908 shares of the stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $78.19, for a total transaction of $227,376.52. Following the completion of the sale, the executive vice president now owns 11,489 shares of the company’s stock, valued at $898,324.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Charles E. Sieving sold 7,723 shares of NextEra Energy stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $85.00, for a total value of $656,455.00. Following the completion of the transaction, the executive vice president now owns 178,227 shares in the company, valued at $15,149,295. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert Coffey sold 2,908 shares of the business’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $78.19, for a total transaction of $227,376.52. Following the transaction, the executive vice president now owns 11,489 shares of the company’s stock, valued at approximately $898,324.91. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 46,617 shares of company stock worth $3,962,217. Insiders own 0.43% of the company’s stock.

About NextEra Energy

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NextEra Energy, Inc is an electric power and energy infrastructure company. It operates through the following segments: FPL and NEER. The FPL segment engages primarily in the generation, transmission, distribution, and sale of electric energy in Florida. The NEER segment produces electricity from clean and renewable sources, including wind and solar.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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