Bank of Jackson Hole Trust Boosts Stake in NextEra Energy, Inc. $NEE

Bank of Jackson Hole Trust lifted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 2.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,759 shares of the utilities provider’s stock after buying an additional 280 shares during the period. Bank of Jackson Hole Trust’s holdings in NextEra Energy were worth $816,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Motco raised its stake in NextEra Energy by 5.5% during the second quarter. Motco now owns 121,329 shares of the utilities provider’s stock worth $8,622,000 after purchasing an additional 6,346 shares during the period. Mizuho Markets Cayman LP purchased a new position in NextEra Energy during the second quarter worth about $25,098,000. Zhang Financial LLC raised its stake in NextEra Energy by 190.3% during the second quarter. Zhang Financial LLC now owns 12,722 shares of the utilities provider’s stock worth $883,000 after purchasing an additional 8,339 shares during the period. Fairfield Financial Advisors LTD raised its stake in NextEra Energy by 1.7% during the second quarter. Fairfield Financial Advisors LTD now owns 12,941 shares of the utilities provider’s stock worth $898,000 after purchasing an additional 212 shares during the period. Finally, New York Life Investment Management LLC raised its stake in NextEra Energy by 0.7% during the second quarter. New York Life Investment Management LLC now owns 308,331 shares of the utilities provider’s stock worth $21,404,000 after purchasing an additional 2,071 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Price Performance

NextEra Energy stock opened at $83.58 on Wednesday. The company’s 50 day simple moving average is $76.98 and its 200-day simple moving average is $73.12. The company has a market capitalization of $172.12 billion, a price-to-earnings ratio of 29.22, a price-to-earnings-growth ratio of 2.91 and a beta of 0.66. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $87.53. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.09. The business had revenue of $7.97 billion for the quarter, compared to the consensus estimate of $8.13 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business’s revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.03 EPS. As a group, equities research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be issued a $0.5665 dividend. The ex-dividend date is Friday, November 21st. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.7%. NextEra Energy’s payout ratio is 79.37%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. New Street Research set a $84.00 target price on shares of NextEra Energy in a research note on Monday, October 13th. TD Cowen assumed coverage on shares of NextEra Energy in a research note on Thursday, October 16th. They set a “buy” rating and a $98.00 target price on the stock. Mizuho lifted their target price on shares of NextEra Energy from $78.00 to $88.00 and gave the stock a “neutral” rating in a research note on Monday. Morgan Stanley reaffirmed an “overweight” rating and set a $95.00 target price (down from $96.00) on shares of NextEra Energy in a research note on Thursday, September 25th. Finally, JPMorgan Chase & Co. lifted their target price on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, August 22nd. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $89.06.

Insider Activity at NextEra Energy

In related news, EVP Mark Lemasney sold 846 shares of NextEra Energy stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total value of $63,365.40. Following the completion of the transaction, the executive vice president owned 9,267 shares in the company, valued at approximately $694,098.30. The trade was a 8.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Michael Dunne sold 10,000 shares of NextEra Energy stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $70.79, for a total transaction of $707,900.00. Following the completion of the transaction, the executive vice president owned 62,064 shares of the company’s stock, valued at $4,393,510.56. This trade represents a 13.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 23,028 shares of company stock worth $1,738,973. Corporate insiders own 0.18% of the company’s stock.

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.