First Niagara Bank Lowers stake in NextEra Energy Inc (NEE)

NextEra Energy Inc (NEE) : First Niagara Bank reduced its stake in NextEra Energy Inc by 0.59% during the most recent quarter end. The investment management company now holds a total of 36,129 shares of NextEra Energy Inc which is valued at $4.4 Million after selling 213 shares in NextEra Energy Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.NextEra Energy Inc makes up approximately 1.28% of First Niagara Bank’s portfolio.

Other Hedge Funds, Including , Nomura Asset Management Co Ltd boosted its stake in NEE in the latest quarter, The investment management firm added 4,947 additional shares and now holds a total of 61,438 shares of NextEra Energy Inc which is valued at $7.4 Million. NextEra Energy Inc makes up approx 0.14% of Nomura Asset Management Co Ltd’s portfolio.Cannell Peter B Co Inc reduced its stake in NEE by selling 400 shares or 5.79% in the most recent quarter. The Hedge Fund company now holds 6,510 shares of NEE which is valued at $786,148. NextEra Energy Inc makes up approx 0.03% of Cannell Peter B Co Inc’s portfolio.Ibm Retirement Fund reduced its stake in NEE by selling 50,049 shares or 46.26% in the most recent quarter. The Hedge Fund company now holds 58,136 shares of NEE which is valued at $7 Million. NextEra Energy Inc makes up approx 0.27% of Ibm Retirement Fund’s portfolio.Tiedemann Trust Co reduced its stake in NEE by selling 21,515 shares or 30.42% in the most recent quarter. The Hedge Fund company now holds 49,217 shares of NEE which is valued at $5.8 Million. NextEra Energy Inc makes up approx 1.00% of Tiedemann Trust Co’s portfolio.State Of New Jersey Common Pension Fund D reduced its stake in NEE by selling 30,000 shares or 3.61% in the most recent quarter. The Hedge Fund company now holds 800,000 shares of NEE which is valued at $94.1 Million. NextEra Energy Inc makes up approx 0.42% of State Of New Jersey Common Pension Fund D’s portfolio.

NextEra Energy Inc closed down -0.79 points or -0.66% at $119.1 with 14,21,977 shares getting traded on Wednesday. Post opening the session at $119.6, the shares hit an intraday low of $118.86 and an intraday high of $119.97 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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