Alpine Woods Capital Investors Lowers stake in NextEra Energy Inc (NEE)

NextEra Energy Inc (NEE) : Alpine Woods Capital Investors reduced its stake in NextEra Energy Inc by 4.29% during the most recent quarter end. The investment management company now holds a total of 191,888 shares of NextEra Energy Inc which is valued at $23,172,395 after selling 8,600 shares in NextEra Energy Inc , the firm said in a disclosure report filed with the SEC on May 9, 2016.NextEra Energy Inc makes up approximately 1.35% of Alpine Woods Capital Investors’s portfolio.

Other Hedge Funds, Including , Edgemoor Investment Advisors reduced its stake in NEE by selling 817 shares or 1.51% in the most recent quarter. The Hedge Fund company now holds 53,145 shares of NEE which is valued at $6,417,790. NextEra Energy Inc makes up approx 1.01% of Edgemoor Investment Advisors’s portfolio.Schwab Charles Investment Management Inc boosted its stake in NEE in the latest quarter, The investment management firm added 42,275 additional shares and now holds a total of 1,263,701 shares of NextEra Energy Inc which is valued at $149,735,931. NextEra Energy Inc makes up approx 0.20% of Schwab Charles Investment Management Inc’s portfolio.Richard Bernstein Advisors reduced its stake in NEE by selling 47,372 shares or 70.33% in the most recent quarter. The Hedge Fund company now holds 19,982 shares of NEE which is valued at $2,367,667. NextEra Energy Inc makes up approx 0.23% of Richard Bernstein Advisors’s portfolio.Bank Of Stockton boosted its stake in NEE in the latest quarter, The investment management firm added 2,228 additional shares and now holds a total of 7,765 shares of NextEra Energy Inc which is valued at $913,009. NextEra Energy Inc makes up approx 0.50% of Bank Of Stockton’s portfolio.

NextEra Energy Inc closed down -0.39 points or -0.32% at $120.76 with 14,69,334 shares getting traded on Friday. Post opening the session at $120.91, the shares hit an intraday low of $119.7 and an intraday high of $121.33 and the price fluctuated in this range throughout the day.Shares ended Friday 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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