Vontobel Holding Ltd. Lowers Position in NextEra Energy, Inc. $NEE

Vontobel Holding Ltd. reduced its stake in NextEra Energy, Inc. (NYSE:NEE) by 4.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 838,689 shares of the utilities provider’s stock after selling 36,593 shares during the quarter. Vontobel Holding Ltd.’s holdings in NextEra Energy were worth $58,222,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. 1 North Wealth Services LLC purchased a new stake in NextEra Energy in the 1st quarter valued at $26,000. Nova Wealth Management Inc. purchased a new stake in shares of NextEra Energy during the 1st quarter valued at $32,000. IMA Advisory Services Inc. purchased a new stake in shares of NextEra Energy during the 1st quarter valued at $35,000. Semmax Financial Advisors Inc. increased its position in shares of NextEra Energy by 335.0% during the 1st quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 392 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC increased its position in shares of NextEra Energy by 237.7% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 366 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NEE. Weiss Ratings reaffirmed a “hold (c)” rating on shares of NextEra Energy in a research report on Saturday, September 27th. JPMorgan Chase & Co. raised their target price on NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, August 22nd. HSBC decreased their target price on NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Friday, July 11th. BMO Capital Markets raised their target price on NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Finally, Melius initiated coverage on NextEra Energy in a research note on Wednesday, August 20th. They set a “buy” rating and a $77.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.08.

NextEra Energy Trading Up 1.0%

Shares of NEE opened at $84.06 on Thursday. The business has a 50-day moving average of $73.69 and a 200 day moving average of $71.53. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.00. The firm has a market cap of $173.10 billion, a P/E ratio of 29.39, a price-to-earnings-growth ratio of 2.87 and a beta of 0.66. 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 issued its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. During the same quarter last year, the company earned $0.96 EPS. The firm’s revenue was up 10.4% compared to the same quarter last year. As a group, research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were paid a $0.5665 dividend. The ex-dividend date was Thursday, August 28th. This represents a $2.27 annualized dividend and a yield of 2.7%. NextEra Energy’s dividend payout ratio (DPR) is currently 79.02%.

Insiders Place Their Bets

In other NextEra Energy news, EVP Charles E. Sieving sold 11,336 shares of the firm’s stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the transaction, the executive vice president owned 167,481 shares in the company, valued at $13,398,480. This trade represents a 6.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of the firm’s stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the transaction, the treasurer owned 27,662 shares of the company’s stock, valued at approximately $2,143,805. This represents a 7.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,705 shares of company stock worth $2,446,490 over the last quarter. Insiders own 0.20% 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.