Vontobel Holding Ltd. Acquires 125,325 Shares of NextEra Energy, Inc. (NYSE:NEE)

Vontobel Holding Ltd. raised its holdings in NextEra Energy, Inc. (NYSE:NEE) by 7.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,827,443 shares of the utilities provider’s stock after buying an additional 125,325 shares during the period. Vontobel Holding Ltd. owned about 0.09% of NextEra Energy worth $110,999,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Wimmer Associates 1 LLC increased its stake in shares of NextEra Energy by 3.6% during the first quarter. Wimmer Associates 1 LLC now owns 3,935 shares of the utilities provider’s stock worth $305,000 after purchasing an additional 135 shares during the period. Kolinsky Wealth Management LLC increased its stake in shares of NextEra Energy by 2.1% during the first quarter. Kolinsky Wealth Management LLC now owns 6,669 shares of the utilities provider’s stock worth $514,000 after purchasing an additional 139 shares during the period. Baldwin Investment Management LLC increased its stake in shares of NextEra Energy by 0.4% during the first quarter. Baldwin Investment Management LLC now owns 35,437 shares of the utilities provider’s stock worth $2,731,000 after purchasing an additional 150 shares during the period. Greenfield Savings Bank increased its stake in shares of NextEra Energy by 0.5% during the fourth quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock worth $1,957,000 after purchasing an additional 163 shares during the period. Finally, Barnes Pettey Financial Advisors LLC increased its stake in shares of NextEra Energy by 1.7% during the fourth quarter. Barnes Pettey Financial Advisors LLC now owns 10,181 shares of the utilities provider’s stock worth $851,000 after purchasing an additional 169 shares during the period. Institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. BMO Capital Markets increased their target price on NextEra Energy from $76.00 to $77.00 and gave the stock an “outperform” rating in a research note on Monday, March 18th. Mizuho reissued a “buy” rating and set a $67.00 price target (up previously from $65.00) on shares of NextEra Energy in a research report on Friday, March 15th. Royal Bank of Canada reissued an “outperform” rating and set a $74.00 price target on shares of NextEra Energy in a research report on Tuesday, January 30th. Wells Fargo & Company increased their price target on NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. Finally, Barclays assumed coverage on NextEra Energy in a research report on Wednesday. They set an “equal weight” rating and a $66.00 price target on the stock. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.00.

NextEra Energy Trading Down 1.3 %

NEE traded down $0.86 during midday trading on Friday, hitting $63.08. 9,039,494 shares of the company were exchanged, compared to its average volume of 12,494,934. The firm has a market capitalization of $129.47 billion, a P/E ratio of 17.47, a P/E/G ratio of 2.24 and a beta of 0.51. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $79.78. The firm’s 50 day moving average price is $59.19 and its 200-day moving average price is $58.29. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 1.06.

NextEra Energy (NYSE:NEE) last announced its earnings results on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. The firm had revenue of $6.88 billion for the quarter, compared to the consensus estimate of $5.72 billion. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. During the same period in the previous year, the business earned $0.51 EPS. As a group, equities analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.27%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s payout ratio is currently 57.06%.

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.