Vontobel Holding Ltd. Has $67.52 Million Position in NextEra Energy, Inc. (NYSE:NEE)

Vontobel Holding Ltd. cut its holdings in NextEra Energy, Inc. (NYSE:NEE) by 6.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 941,789 shares of the utilities provider’s stock after selling 67,397 shares during the quarter. Vontobel Holding Ltd.’s holdings in NextEra Energy were worth $67,517,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in NEE. Burkett Financial Services LLC grew its holdings in NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 332 shares during the last quarter. Reston Wealth Management LLC acquired a new position in shares of NextEra Energy during the third quarter worth approximately $27,000. Sugar Maple Asset Management LLC bought a new stake in shares of NextEra Energy during the fourth quarter valued at approximately $28,000. Quarry LP bought a new stake in shares of NextEra Energy during the third quarter valued at approximately $33,000. Finally, Luken Investment Analytics LLC acquired a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $36,000. 78.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Barclays upped their price objective on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Morgan Stanley upped their price target on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Royal Bank of Canada lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. BMO Capital Markets upped their target price on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Finally, Guggenheim lifted their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $85.85.

NextEra Energy Stock Down 1.0 %

Shares of NYSE NEE opened at $68.61 on Friday. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The stock has a market cap of $141.10 billion, a P/E ratio of 20.36, a P/E/G ratio of 2.42 and a beta of 0.58. The firm has a 50 day moving average price of $71.27 and a 200 day moving average price of $76.92.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

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.