Cullen Capital Management Lowers stake in NextEra Energy Inc (NEE)

NextEra Energy Inc (NEE) : Cullen Capital Management reduced its stake in NextEra Energy Inc by 4.51% during the most recent quarter end. The investment management company now holds a total of 901,130 shares of NextEra Energy Inc which is valued at $108.8 Million after selling 42,520 shares in NextEra Energy Inc , the firm said in a disclosure report filed with the SEC on May 12, 2016.NextEra Energy Inc makes up approximately 3.83% of Cullen Capital Management’s portfolio.

Other Hedge Funds, Including , New Mexico Educational Retirement Board boosted its stake in NEE in the latest quarter, The investment management firm added 900 additional shares and now holds a total of 50,958 shares of NextEra Energy Inc which is valued at $6.2 Million. NextEra Energy Inc makes up approx 0.30% of New Mexico Educational Retirement Board’s portfolio.Schroder Investment Management Group boosted its stake in NEE in the latest quarter, The investment management firm added 266,217 additional shares and now holds a total of 1,066,638 shares of NextEra Energy Inc which is valued at $128.8 Million. NextEra Energy Inc makes up approx 0.27% of Schroder Investment Management Group’s portfolio.Teachers Advisors Inc boosted its stake in NEE in the latest quarter, The investment management firm added 18,609 additional shares and now holds a total of 1,898,808 shares of NextEra Energy Inc which is valued at $225 Million. NextEra Energy Inc makes up approx 0.41% of Teachers Advisors Inc’s portfolio. Terra Nova Asset Management added NEE to its portfolio by purchasing 3,195 company shares during the most recent quarter which is valued at $378,576. NextEra Energy Inc makes up approx 0.44% of Terra Nova Asset Management’s portfolio.Candriam Luxembourg S.c.a. boosted its stake in NEE in the latest quarter, The investment management firm added 20,528 additional shares and now holds a total of 36,527 shares of NextEra Energy Inc which is valued at $4.3 Million. NextEra Energy Inc makes up approx 0.11% of Candriam Luxembourg S.c.a.’s portfolio.

NextEra Energy Inc opened for trading at $118.6 and hit $119.38 on the upside on Friday, eventually ending the session at $119.33, with a gain of 0.78% or 0.92 points. The heightened volatility saw the trading volume jump to 22,41,116 shares. Company has a market cap of $55,064 M.

On the company’s financial health, NextEra Energy Inc reported $1.55 EPS for the quarter, beating the analyst consensus estimate by $ 0.16 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $1.39.Analysts expectations of $ 3964.87.During the same quarter in the previous year, the company posted $1.41 EPS.

Many Wall Street Analysts have commented on NextEra Energy Inc. NextEra Energy Inc was Downgraded by Macquarie to ” Neutral” on Apr 5, 2016. Company shares were Reiterated by Argus on Mar 17, 2016 to “Buy”, Firm has raised the Price Target to $ 128 from a previous price target of $118 .

NextEra Energy Inc. (NEE) is a holding company. The Company operates through its wholly owned subsidiaries Florida Power & Light Company (FPL) and NextEra Energy Resources LLC (NEER). It is an electric power company in North America with electric generating facilities located in 27 states in the United States and four provinces in Canada. Its segments are FPL and NEER. FPL is an electric utility engaged primarily in the generation transmission distribution and sale of electric energy in Florida. NEER owns develops constructs manages and operates electric generating facilities in wholesale energy markets primarily in the United States as well as in Canada and Spain. Corporate and Other segment represents other business activities primarily NextEra Energy Transmission LLC (NEET) and FPL FiberNet. NEET operates through Lone Star Transmission LLC a transmission service provider in Texas and New Hampshire Transmission LLC a transmission owner in ISO New England.

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