Somerset Trust Co buys $2,996,102 stake in NextEra Energy Inc (NEE)

NextEra Energy Inc (NEE) : Somerset Trust Co scooped up 446 additional shares in NextEra Energy Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 13, 2016. The investment management firm now holds a total of 23,376 shares of NextEra Energy Inc which is valued at $2,996,102.NextEra Energy Inc makes up approximately 1.80% of Somerset Trust Co’s portfolio.

Other Hedge Funds, Including , Capstone Asset Management Co boosted its stake in NEE in the latest quarter, The investment management firm added 8,705 additional shares and now holds a total of 67,244 shares of NextEra Energy Inc which is valued at $8,618,663. NextEra Energy Inc makes up approx 0.25% of Capstone Asset Management Co’s portfolio.Gw&k Investment Management reduced its stake in NEE by selling 1,426 shares or 2.36% in the most recent quarter. The Hedge Fund company now holds 59,124 shares of NEE which is valued at $7,577,923. NextEra Energy Inc makes up approx 0.15% of Gw&k Investment Management’s portfolio.Chevy Chase Trust Holdings boosted its stake in NEE in the latest quarter, The investment management firm added 13,710 additional shares and now holds a total of 665,191 shares of NextEra Energy Inc which is valued at $86,428,267. NextEra Energy Inc makes up approx 0.47% of Chevy Chase Trust Holdings’s portfolio.Cullinan Associates Inc reduced its stake in NEE by selling 18,570 shares or 26.66% in the most recent quarter. The Hedge Fund company now holds 51,085 shares of NEE which is valued at $6,627,257. NextEra Energy Inc makes up approx 0.54% of Cullinan Associates Inc’s portfolio.

NextEra Energy Inc opened for trading at $127.74 and hit $128.67 on the upside on Monday, eventually ending the session at $128.25, with a gain of 0.53% or 0.67 points. The heightened volatility saw the trading volume jump to 20,46,570 shares. Company has a market cap of $59,180 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. Company shares were Reiterated by Mizuho on Jul 18, 2016 to “Buy”, Firm has raised the Price Target to $ 138 from a previous price target of $125 .

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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