Longbow Capital Partners adds NextEra Energy Inc (NEE) to its portfolio

NextEra Energy Inc (NEE) : Longbow Capital Partners added new position in NextEra Energy Inc during the most recent quarter end. The investment management firm now holds 3,006 shares of NextEra Energy Inc which is valued at $378,726 , the company said in a statement filed on Aug 9, 2016 with the SEC.NextEra Energy Inc makes up approximately 8.47% of Longbow Capital Partners’s portfolio.

Other Hedge Funds, Including , Schmidt P J Investment Management Inc reduced its stake in NEE by selling 817 shares or 2.04% in the most recent quarter. The Hedge Fund company now holds 39,278 shares of NEE which is valued at $4,948,635. NextEra Energy Inc makes up approx 1.81% of Schmidt P J Investment Management Inc’s portfolio.Cadence Capital Management reduced its stake in NEE by selling 11,164 shares or 62.53% in the most recent quarter. The Hedge Fund company now holds 6,689 shares of NEE which is valued at $856,794. NextEra Energy Inc makes up approx 0.06% of Cadence Capital Management’s portfolio.Barometer Capital Management reduced its stake in NEE by selling 900 shares or 0.43% in the most recent quarter. The Hedge Fund company now holds 207,700 shares of NEE which is valued at $26,637,525. NextEra Energy Inc makes up approx 2.61% of Barometer Capital Management’s portfolio. Atria Investments added NEE to its portfolio by purchasing 2,557 company shares during the most recent quarter which is valued at $327,731. NextEra Energy Inc makes up approx 0.03% of Atria Investments’s portfolio.

NextEra Energy Inc opened for trading at $123.98 and hit $126 on the upside on Wednesday, eventually ending the session at $125.8, with a gain of 1.46% or 1.81 points. The heightened volatility saw the trading volume jump to 20,19,969 shares. Company has a market cap of $58,119 M.

On the company’s financial health, NextEra Energy Inc reported $1.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $1.57. The company had revenue of $3817.00 million for the quarter, compared to analysts expectations of $4346.45 million. The company’s revenue was down -12.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.56 EPS.

Investors should note that on Jul 29, 2016, NextEra Energy Inc announced a cash dividend of $0.8700. The company’s management has announced Aug 26, 2016 as the ex-dividend date and fixed the record date on Aug 30, 2016. The payable date has been fixed on Sep 15, 2016.

Many Wall Street Analysts have commented on NextEra Energy Inc. Shares were Reiterated by Deutsche Bank on Jul 28, 2016 to “Buy” and Lowered the Price Target to $ 133 from a previous price target of $134 .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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