Pensionfund Sabic Lowers stake in NextEra Energy Inc (NEE)

NextEra Energy Inc (NEE) : Pensionfund Sabic reduced its stake in NextEra Energy Inc by 22.17% during the most recent quarter end. The investment management company now holds a total of 17,900 shares of NextEra Energy Inc which is valued at $2.1 Million after selling 5,100 shares in NextEra Energy Inc according to a report filed by the company on Apr 4, 2016 with the SEC.NextEra Energy Inc makes up approximately 0.64% of Pensionfund Sabic’s portfolio.

Other Hedge Funds, Including , Pensionfund Dsm Netherlands reduced its stake in NEE by selling 12,800 shares or 25.4% in the most recent quarter. The Hedge Fund company now holds 37,600 shares of NEE which is valued at $4.4 Million. NextEra Energy Inc makes up approx 0.60% of Pensionfund Dsm Netherlands’s portfolio.

On the company’s financial health, NextEra Energy Inc reported $1.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $1.10.Analysts expectations of $ 3996.97.During the same quarter in the previous year, the company posted $1.03 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 .Company shares were Upgraded by Robert W. Baird on Jan 29, 2016 to ” Outperform”, Firm has raised the Price Target to $ 120 from a previous price target of $110 .

NextEra Energy Inc closed down -0.58 points or -0.50% at $116.23 with 10,56,546 shares getting traded on Monday. Post opening the session at $117.06, the shares hit an intraday low of $116.03 and an intraday high of $117.63 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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