Mizuho Securities USA LLC Has $4.46 Million Stake in Nabors Energy Transition Corp. II (NASDAQ:NETD)

Key Points

• Mizuho Securities USA LLC has increased its stake in Nabors Energy Transition Corp. II (NASDAQ:NETD) by 49.0%, owning 408,804 shares valued at approximately $4.46 million as of the latest SEC filing.
• Overall, 75.52% of Nabors Energy Transition Corp. II's stock is currently held by institutional investors and hedge funds, indicating strong institutional interest.
• Nabors Energy Transition Corp. II reported a quarterly earnings per share (EPS) of $0.02 for the period ending May 14, reflecting its ongoing activities in facilitating energy transition technologies.

Mizuho Securities USA LLC increased its position in shares of Nabors Energy Transition Corp. II (NASDAQ:NETD - Free Report) by 49.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 408,804 shares of the company's stock after buying an additional 134,501 shares during the period. Mizuho Securities USA LLC owned 1.07% of Nabors Energy Transition Corp. II worth $4,456,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Toronto Dominion Bank acquired a new position in Nabors Energy Transition Corp. II during the fourth quarter worth $13,661,000. Geode Capital Management LLC increased its holdings in Nabors Energy Transition Corp. II by 7.8% during the fourth quarter. Geode Capital Management LLC now owns 30,176 shares of the company's stock worth $326,000 after buying an additional 2,194 shares during the last quarter. Berkley W R Corp boosted its position in Nabors Energy Transition Corp. II by 15.7% during the fourth quarter. Berkley W R Corp now owns 565,987 shares of the company's stock worth $6,113,000 after purchasing an additional 76,721 shares during the period. D. E. Shaw & Co. Inc. boosted its position in Nabors Energy Transition Corp. II by 5.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,459,229 shares of the company's stock worth $15,760,000 after purchasing an additional 75,000 shares during the period. Finally, Bulldog Investors LLP increased its holdings in shares of Nabors Energy Transition Corp. II by 14.0% in the fourth quarter. Bulldog Investors LLP now owns 281,360 shares of the company's stock valued at $3,043,000 after purchasing an additional 34,454 shares during the last quarter. 75.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Nabors Energy Transition Corp. II

In other Nabors Energy Transition Corp. II news, major shareholder Mizuho Securities Usa Llc sold 565,000 shares of the company's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $11.18, for a total value of $6,316,700.00. Following the transaction, the insider directly owned 1,235,000 shares in the company, valued at $13,807,300. The trade was a 31.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 20.00% of the stock is currently owned by corporate insiders.

Nabors Energy Transition Corp. II Price Performance

NASDAQ:NETD opened at $11.26 on Friday. Nabors Energy Transition Corp. II has a one year low of $10.57 and a one year high of $11.47. The company has a market cap of $429.04 million, a P/E ratio of 51.16 and a beta of -0.02. The firm's fifty day moving average price is $11.14 and its two-hundred day moving average price is $11.02.

Nabors Energy Transition Corp. II (NASDAQ:NETD - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported $0.02 EPS for the quarter.

Nabors Energy Transition Corp. II Profile

Nabors Energy Transition Corp. II focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company intends to identify solutions, opportunities, companies, or technologies that focus on advancing the energy transition that facilitate, improve, or complement the reduction of carbon or greenhouse gas emissions.

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