NextEra Energy, Inc. $NEE Shares Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 14.7% in the 3rd quarter, Holdings Channel reports. The firm owned 962,237 shares of the utilities provider’s stock after buying an additional 123,548 shares during the period. Vontobel Holding Ltd.’s holdings in NextEra Energy were worth $72,639,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in shares of NextEra Energy by 7.0% in the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after buying an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of NextEra Energy by 6.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock worth $348,000 after acquiring an additional 298 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of NextEra Energy by 571.8% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,526 shares of the utilities provider’s stock worth $179,000 after purchasing an additional 2,150 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of NextEra Energy by 2,176.2% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 871,655 shares of the utilities provider’s stock valued at $61,792,000 after purchasing an additional 833,361 shares during the last quarter. Finally, WCG Wealth Advisors LLC acquired a new position in shares of NextEra Energy in the 1st quarter valued at $809,000. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Trading Down 0.3%

NYSE:NEE opened at $79.80 on Wednesday. The company has a market capitalization of $166.19 billion, a P/E ratio of 25.41, a P/E/G ratio of 2.69 and a beta of 0.74. The stock’s 50 day moving average price is $83.25 and its 200 day moving average price is $77.16. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $87.53.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.09. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The firm had revenue of $7.97 billion during the quarter, compared to analysts’ expectations of $8.13 billion. During the same period in the previous year, the company earned $1.03 earnings per share. The company’s revenue was up 5.3% compared to the same quarter last year. On average, research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 21st were given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, November 21st. NextEra Energy’s dividend payout ratio is presently 71.97%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 145,140 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the transaction, the chief executive officer directly owned 162,693 shares in the company, valued at $13,651,569.63. This trade represents a 47.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark Lemasney sold 846 shares of the company’s stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $74.90, for a total value of $63,365.40. Following the sale, the executive vice president owned 9,267 shares of the company’s stock, valued at approximately $694,098.30. This trade represents a 8.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 157,322 shares of company stock worth $13,148,943 over the last three months. Corporate insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

NEE has been the topic of several recent analyst reports. Morgan Stanley cut their price objective on NextEra Energy from $98.00 to $97.00 and set an “overweight” rating on the stock in a report on Thursday, November 20th. Cowen began coverage on shares of NextEra Energy in a report on Wednesday, October 15th. They set a “buy” rating on the stock. Jefferies Financial Group reaffirmed a “hold” rating and issued a $85.00 price objective (up previously from $77.00) on shares of NextEra Energy in a research note on Tuesday, October 14th. BTIG Research reiterated a “buy” rating and set a $100.00 price objective on shares of NextEra Energy in a research report on Tuesday, December 9th. Finally, Evercore ISI reissued an “outperform” rating and set a $93.00 target price on shares of NextEra Energy in a research note on Tuesday, October 28th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.56.

NextEra Energy 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.