Bank of Jackson Hole Trust Invests $838,000 in NextEra Energy, Inc. (NYSE:NEE)

Bank of Jackson Hole Trust purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 11,696 shares of the utilities provider’s stock, valued at approximately $838,000.

A number of other large investors have also made changes to their positions in NEE. International Assets Investment Management LLC increased its position in shares of NextEra Energy by 8,641.5% during the third quarter. International Assets Investment Management LLC now owns 3,861,208 shares of the utilities provider’s stock worth $326,388,000 after purchasing an additional 3,817,037 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of NextEra Energy by 4,058.2% during the third quarter. Assenagon Asset Management S.A. now owns 2,366,795 shares of the utilities provider’s stock worth $200,065,000 after purchasing an additional 2,309,876 shares in the last quarter. Nordea Investment Management AB increased its position in shares of NextEra Energy by 20.9% in the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock valued at $634,703,000 after acquiring an additional 1,525,436 shares during the period. National Bank of Canada FI increased its position in shares of NextEra Energy by 167.7% in the 3rd quarter. National Bank of Canada FI now owns 2,186,225 shares of the utilities provider’s stock valued at $184,795,000 after acquiring an additional 1,369,689 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of NextEra Energy by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 42,418,748 shares of the utilities provider’s stock valued at $3,571,650,000 after acquiring an additional 820,704 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

NYSE NEE opened at $68.37 on Wednesday. The stock has a 50-day simple moving average of $70.72 and a two-hundred day simple moving average of $76.69. The firm has a market capitalization of $140.59 billion, a P/E ratio of 20.29, a PEG ratio of 2.42 and a beta of 0.58. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. 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) last posted its earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given a dividend of $0.5665 per share. The ex-dividend date is Friday, February 28th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.31%. NextEra Energy’s dividend payout ratio (DPR) is 61.13%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Scotiabank upped their target price on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. BMO Capital Markets upped their target price on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Morgan Stanley upped their target price on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Guggenheim upped their target price on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Jefferies Financial Group cut their target price on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Eight equities research 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, NextEra Energy has an average rating of “Hold” and a consensus price target of $85.85.

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.