Vontobel Holding Ltd. lifted its holdings in NextEra Energy, Inc. (NYSE:NEE – Free Report) by 72.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,661,077 shares of the utilities provider’s stock after purchasing an additional 698,840 shares during the period. Vontobel Holding Ltd.’s holdings in NextEra Energy were worth $133,351,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of NextEra Energy by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 216,033,697 shares of the utilities provider’s stock worth $17,343,185,000 after purchasing an additional 2,234,176 shares during the period. Geode Capital Management LLC lifted its stake in shares of NextEra Energy by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 47,272,019 shares of the utilities provider’s stock worth $3,781,790,000 after purchasing an additional 966,152 shares during the period. Norges Bank bought a new position in shares of NextEra Energy in the 4th quarter worth approximately $2,816,327,000. Deutsche Bank AG lifted its stake in shares of NextEra Energy by 2.9% in the 4th quarter. Deutsche Bank AG now owns 17,281,357 shares of the utilities provider’s stock worth $1,387,347,000 after purchasing an additional 485,854 shares during the period. Finally, Legal & General Group Plc lifted its stake in shares of NextEra Energy by 2.3% in the 3rd quarter. Legal & General Group Plc now owns 16,787,191 shares of the utilities provider’s stock worth $1,267,265,000 after purchasing an additional 373,088 shares during the period. Institutional investors own 78.72% of the company’s stock.
NextEra Energy Trading Up 1.3%
NextEra Energy stock opened at $85.92 on Friday. The stock has a market cap of $179.18 billion, a P/E ratio of 21.86, a PEG ratio of 2.49 and a beta of 0.68. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.54 and a quick ratio of 0.44. NextEra Energy, Inc. has a 1 year low of $67.20 and a 1 year high of $98.75. The firm’s 50 day moving average price is $90.94 and its 200-day moving average price is $88.24.
NextEra Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, June 5th will be issued a $0.6232 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.9%. NextEra Energy’s dividend payout ratio (DPR) is 63.36%.
Wall Street Analysts Forecast Growth
NEE has been the topic of a number of recent analyst reports. Scotiabank raised their target price on shares of NextEra Energy from $102.00 to $110.00 and gave the stock a “sector perform” rating in a research note on Friday, April 24th. TD Cowen raised their target price on shares of NextEra Energy from $99.00 to $101.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Mizuho raised their target price on shares of NextEra Energy from $90.00 to $95.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 15th. Morgan Stanley set a $111.00 target price on shares of NextEra Energy in a research note on Thursday, May 21st. Finally, Erste Group Bank upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and an average price target of $99.20.
About NextEra Energy
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.
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