Vontobel Holding Ltd. Has $209.89 Million Stock Position in NextEra Energy, Inc. $NEE

Key Points

• Vontobel Holding increased its NextEra Energy stake by 20.2% in the second quarter, purchasing 402,481 additional shares. Its position totaled 2.39 million shares valued at approximately $209.9 million, while institutional investors collectively owned 78.72% of the company.
• NextEra Energy reported quarterly EPS of $1.15, exceeding the $1.11 analyst consensus, although revenue of $7.53 billion fell short of the $8.11 billion estimate. Revenue nevertheless rose 12.4% year over year.
• The company declared a quarterly dividend of $0.6232 per share, equivalent to an annualized $2.49 and a 3.0% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $100.33, compared with the stock’s reported price of $83.71.

Vontobel Holding Ltd. lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 20.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,391,408 shares of the utilities provider's stock after purchasing an additional 402,481 shares during the period. Vontobel Holding Ltd. owned 0.11% of NextEra Energy worth $209,894,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Walker Asset Management LLC increased its holdings in NextEra Energy by 2.2% during the first quarter. Walker Asset Management LLC now owns 5,010 shares of the utilities provider's stock worth $465,000 after buying an additional 107 shares during the last quarter. PUREfi Wealth LLC raised its position in NextEra Energy by 0.9% during the first quarter. PUREfi Wealth LLC now owns 12,594 shares of the utilities provider's stock worth $1,170,000 after acquiring an additional 107 shares in the last quarter. Garrison Point Advisors LLC lifted its stake in NextEra Energy by 0.4% in the fourth quarter. Garrison Point Advisors LLC now owns 28,267 shares of the utilities provider's stock valued at $2,269,000 after acquiring an additional 109 shares during the last quarter. Cornerstone Planning Group LLC lifted its stake in NextEra Energy by 12.8% in the first quarter. Cornerstone Planning Group LLC now owns 978 shares of the utilities provider's stock valued at $94,000 after acquiring an additional 111 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID grew its position in shares of NextEra Energy by 23.2% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 594 shares of the utilities provider's stock valued at $55,000 after acquiring an additional 112 shares during the period. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Stock Performance

Shares of NYSE NEE opened at $83.71 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.53 and a quick ratio of 0.44. The firm has a market cap of $174.60 billion, a price-to-earnings ratio of 18.81, a P/E/G ratio of 2.29 and a beta of 0.67. The stock's fifty day moving average price is $87.22 and its two-hundred day moving average price is $89.88. NextEra Energy, Inc. has a one year low of $69.24 and a one year high of $98.75.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its earnings results on Friday, July 24th. The utilities provider reported $1.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.11 by $0.04. The company had revenue of $7.53 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 12.28% and a net margin of 32.40%.The company's revenue was up 12.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.05 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.020 EPS. On average, equities analysts forecast that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be given a dividend of $0.6232 per share. This represents a $2.49 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, August 28th. NextEra Energy's dividend payout ratio (DPR) is currently 55.96%.

Analysts Set New Price Targets

Several research firms have recently weighed in on NEE. JPMorgan Chase & Co. boosted their price objective on shares of NextEra Energy from $100.00 to $105.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 13th. DA Davidson lifted their price target on NextEra Energy from $95.00 to $105.00 and gave the stock a "buy" rating in a report on Tuesday, May 5th. Erste Group Bank cut NextEra Energy from a "buy" rating to a "hold" rating in a report on Thursday, June 25th. Bank of America dropped their price objective on NextEra Energy from $95.00 to $93.00 and set a "neutral" rating on the stock in a research note on Monday, July 13th. Finally, Wall Street Zen cut NextEra Energy from a "sell" rating to a "strong sell" rating in a research report on Saturday. Seventeen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, NextEra Energy presently has an average rating of "Moderate Buy" and a consensus target price of $100.33.

NextEra Energy Company Profile

NextEra Energy, Inc NYSE: NEE, headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company's principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra's activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source