Bank of Jackson Hole Trust Takes Position in NextEra Energy, Inc. (NYSE:NEE)

Bank of Jackson Hole Trust bought a new position in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 11,696 shares of the utilities provider's stock, valued at approximately $838,000.

A number of other large investors have also recently bought and sold shares of the business. Geode Capital Management LLC lifted its holdings in shares of NextEra Energy by 2.0% during the third quarter. Geode Capital Management LLC now owns 42,418,748 shares of the utilities provider's stock worth $3,571,650,000 after buying an additional 820,704 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of NextEra Energy by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,284,785 shares of the utilities provider's stock valued at $1,122,963,000 after purchasing an additional 86,758 shares during the period. Nordea Investment Management AB raised its stake in NextEra Energy by 20.9% during the fourth quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider's stock worth $634,703,000 after acquiring an additional 1,525,436 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of NextEra Energy by 5.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,630,775 shares of the utilities provider's stock worth $729,559,000 after purchasing an additional 452,590 shares in the last quarter. Finally, Swiss National Bank raised its stake in shares of NextEra Energy by 0.4% in the third quarter. Swiss National Bank now owns 6,098,200 shares of the utilities provider's stock valued at $515,481,000 after acquiring an additional 21,400 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

Insider Transactions at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following the transaction, the chief accounting officer now owns 27,427 shares of the company's stock, valued at $1,867,504.43. This represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.18% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Barclays increased their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th. Evercore ISI lowered their price target on NextEra Energy from $84.00 to $79.00 and set an "in-line" rating for the company in a research note on Monday, January 27th. Morgan Stanley raised their price objective on NextEra Energy from $93.00 to $94.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Guggenheim upped their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Finally, BMO Capital Markets upped their price objective on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $85.85.

NextEra Energy Stock Performance

NEE stock traded up $1.60 during mid-day trading on Friday, hitting $71.74. The company had a trading volume of 16,739,967 shares, compared to its average volume of 11,463,395. The stock's fifty day moving average price is $70.56 and its two-hundred day moving average price is $76.59. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The firm has a market cap of $147.56 billion, a PE ratio of 21.29, a price-to-earnings-growth ratio of 2.41 and a beta of 0.58. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings results 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 net margin of 28.06% and a return on equity of 11.85%. On average, analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid a dividend of $0.5665 per share. The ex-dividend date is Friday, February 28th. This represents a $2.27 annualized dividend and a yield of 3.16%. This is a boost from NextEra Energy's previous quarterly dividend of $0.52. NextEra Energy's payout ratio is currently 61.13%.

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.