Barrington Strategic Wealth Management Group Lowers stake in NextEra Energy Inc (NEE)

NextEra Energy Inc (NEE) : Barrington Strategic Wealth Management Group reduced its stake in NextEra Energy Inc by 3.78% during the most recent quarter end. The investment management company now holds a total of 27,669 shares of NextEra Energy Inc which is valued at $3,341,308 after selling 1,086 shares in NextEra Energy Inc , the firm said in a disclosure report filed with the SEC on May 10, 2016.NextEra Energy Inc makes up approximately 1.95% of Barrington Strategic Wealth Management Group’s portfolio.

Other Hedge Funds, Including , Massmutual Trust Co Fsbadv boosted its stake in NEE in the latest quarter, The investment management firm added 4,831 additional shares and now holds a total of 23,234 shares of NextEra Energy Inc which is valued at $2,805,738. NextEra Energy Inc makes up approx 0.38% of Massmutual Trust Co Fsbadv’s portfolio.Integrated Wealth Counsel boosted its stake in NEE in the latest quarter, The investment management firm added 104 additional shares and now holds a total of 1,904 shares of NextEra Energy Inc which is valued at $225,605. NextEra Energy Inc makes up approx 0.51% of Integrated Wealth Counsel’s portfolio.First National Bank Sioux Falls reduced its stake in NEE by selling 550 shares or 27.5% in the most recent quarter. The Hedge Fund company now holds 1,450 shares of NEE which is valued at $171,811. NextEra Energy Inc makes up approx 0.57% of First National Bank Sioux Falls’s portfolio. Capital Fund Management S.a. sold out all of its stake in NEE during the most recent quarter. The investment firm sold 2,827 shares of NEE which is valued $334,971.Friedberg Investment Management boosted its stake in NEE in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 30,217 shares of NextEra Energy Inc which is valued at $3,552,915. NextEra Energy Inc makes up approx 1.74% of Friedberg Investment Management’s portfolio.

NextEra Energy Inc opened for trading at $120.34 and hit $121.51 on the upside on Monday, eventually ending the session at $121.48, with a gain of 0.60% or 0.72 points. The heightened volatility saw the trading volume jump to 13,23,166 shares. Company has a market cap of $56,056 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. 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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