Donaldson Capital Management buys $24.4 Million stake in NextEra Energy Inc (NEE)

NextEra Energy Inc (NEE) : Donaldson Capital Management scooped up 14,305 additional shares in NextEra Energy Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 202,442 shares of NextEra Energy Inc which is valued at $24.4 Million.NextEra Energy Inc makes up approximately 3.57% of Donaldson Capital Management’s portfolio.

Other Hedge Funds, Including , Ubs Asset Management Americas Inc reduced its stake in NEE by selling 21,497 shares or 1.42% in the most recent quarter. The Hedge Fund company now holds 1,491,813 shares of NEE which is valued at $180.2 Million. NextEra Energy Inc makes up approx 0.21% of Ubs Asset Management Americas Inc’s portfolio. C M Bidwell Associates Ltd added NEE to its portfolio by purchasing 47,010 company shares during the most recent quarter which is valued at $5.7 Million. NextEra Energy Inc makes up approx 1.42% of C M Bidwell Associates Ltd’s portfolio.Old Mutual Customised Solutions (proprietary) Ltd reduced its stake in NEE by selling 1,300 shares or 10.32% in the most recent quarter. The Hedge Fund company now holds 11,300 shares of NEE which is valued at $1.4 Million. NextEra Energy Inc makes up approx 0.35% of Old Mutual Customised Solutions (proprietary) Ltd’s portfolio.Bronfman E.l. Rothschild boosted its stake in NEE in the latest quarter, The investment management firm added 3,150 additional shares and now holds a total of 9,240 shares of NextEra Energy Inc which is valued at $1.1 Million. NextEra Energy Inc makes up approx 0.19% of Bronfman E.l. Rothschild’s portfolio.Tiedemann Trust Co reduced its stake in NEE by selling 21,515 shares or 30.42% in the most recent quarter. The Hedge Fund company now holds 49,217 shares of NEE which is valued at $5.8 Million. NextEra Energy Inc makes up approx 1.00% of Tiedemann Trust Co’s portfolio.

NextEra Energy Inc opened for trading at $118.6 and hit $119.38 on the upside on Friday, eventually ending the session at $119.33, with a gain of 0.78% or 0.92 points. The heightened volatility saw the trading volume jump to 22,41,116 shares. Company has a market cap of $55,064 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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