Somerset Trust Co buys $2,692,670 stake in NextEra Energy Inc (NEE)

NextEra Energy Inc (NEE) : Somerset Trust Co scooped up 9,232 additional shares in NextEra Energy Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 13, 2016. The investment management firm now holds a total of 22,930 shares of NextEra Energy Inc which is valued at $2,692,670.NextEra Energy Inc makes up approximately 1.77% of Somerset Trust Co’s portfolio.

NextEra Energy Inc opened for trading at $117.2 and hit $117.77 on the upside on Monday, eventually ending the session at $117.77, with a gain of 0.29% or 0.34 points. The heightened volatility saw the trading volume jump to 14,54,014 shares. Company has a market cap of $54,245 M.

Other Hedge Funds, Including , Carnegie Capital Asset Management boosted its stake in NEE in the latest quarter, The investment management firm added 1,525 additional shares and now holds a total of 19,603 shares of NextEra Energy Inc which is valued at $2,301,980. NextEra Energy Inc makes up approx 0.35% of Carnegie Capital Asset Management’s portfolio.Monroe Bank Trustmi reduced its stake in NEE by selling 14 shares or 1.11% in the most recent quarter. The Hedge Fund company now holds 1,250 shares of NEE which is valued at $146,788. NextEra Energy Inc makes up approx 0.05% of Monroe Bank Trustmi’s portfolio.Eqis Capital Management boosted its stake in NEE in the latest quarter, The investment management firm added 1,502 additional shares and now holds a total of 6,804 shares of NextEra Energy Inc which is valued at $790,829. NextEra Energy Inc makes up approx 0.06% of Eqis Capital Management’s portfolio.Chelsea Counsel Co reduced its stake in NEE by selling 400 shares or 4.14% in the most recent quarter. The Hedge Fund company now holds 9,270 shares of NEE which is valued at $1,077,452. NextEra Energy Inc makes up approx 0.31% of Chelsea Counsel Co’s portfolio.Curbstone Financial Management Corp reduced its stake in NEE by selling 450 shares or 4.65% in the most recent quarter. The Hedge Fund company now holds 9,230 shares of NEE which is valued at $1,072,803. NextEra Energy Inc makes up approx 0.36% of Curbstone Financial Management Corp’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. (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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