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Contact Energy Limited ( (COENF) ) has issued an update.
FirstCape Group Limited has disclosed a substantial holding in Contact Energy, accumulating 53,548,436 ordinary shares, representing 5.051% of Contact’s total shares on issue as of 17 March 2026. The position is held through several wholly owned subsidiaries, including Harbour Asset Management, BNZ Investment Services and JBWere (NZ), which collectively exercise voting and disposal powers under investment management and trust arrangements with underlying clients.
The disclosure confirms the emergence of FirstCape as a significant institutional holder in Contact Energy, signalling ongoing fund manager interest in the utility’s stock. With the stake spread across multiple nominee and custodian structures, the move underscores the role of professional investment managers in concentrating influence over key NZX-listed infrastructure assets while the beneficial ownership remains with their clients.
More about Contact Energy Limited
Contact Energy Limited is a New Zealand-based electricity generator and retailer, supplying power and related energy services to residential, commercial and industrial customers. The company operates within the NZX-listed utilities sector, where its shares are widely held by institutional and retail investors active in the local capital markets.
For a thorough assessment of COENF stock, go to TipRanks’ Stock Analysis page.