Forbes J M Co Llp buys $9.8 Million stake in NextEra Energy Inc (NEE)

NextEra Energy Inc (NEE) : Forbes J M Co Llp scooped up 1,795 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 13, 2016. The investment management firm now holds a total of 81,007 shares of NextEra Energy Inc which is valued at $9.8 Million.NextEra Energy Inc makes up approximately 2.81% of Forbes J M Co Llp’s portfolio.

Other Hedge Funds, Including , Caisse De Depot Et Placement Du Quebec reduced its stake in NEE by selling 142,526 shares or 3.04% in the most recent quarter. The Hedge Fund company now holds 4,540,966 shares of NEE which is valued at $548.4 Million. NextEra Energy Inc makes up approx 1.49% of Caisse De Depot Et Placement Du Quebec’s portfolio.Cornerstone Capital Management Holdings. boosted its stake in NEE in the latest quarter, The investment management firm added 1,936 additional shares and now holds a total of 118,166 shares of NextEra Energy Inc which is valued at $14.3 Million. NextEra Energy Inc makes up approx 0.12% of Cornerstone Capital Management Holdings.’s portfolio.Opus Capital Group boosted its stake in NEE in the latest quarter, The investment management firm added 530 additional shares and now holds a total of 9,791 shares of NextEra Energy Inc which is valued at $1.2 Million. NextEra Energy Inc makes up approx 0.26% of Opus Capital Group’s portfolio.Bluecrest Capital Management Ltd reduced its stake in NEE by selling 56,709 shares or 94.5% in the most recent quarter. The Hedge Fund company now holds 3,300 shares of NEE which is valued at $391,017. NextEra Energy Inc makes up approx 0.03% of Bluecrest Capital Management Ltd’s portfolio.Wedbush Securities Inc reduced its stake in NEE by selling 449 shares or 9.91% in the most recent quarter. The Hedge Fund company now holds 4,080 shares of NEE which is valued at $483,439. NextEra Energy Inc makes up approx 0.09% of Wedbush Securities Inc’s portfolio.

NextEra Energy Inc closed down -0.79 points or -0.66% at $119.1 with 14,21,977 shares getting traded on Wednesday. Post opening the session at $119.6, the shares hit an intraday low of $118.86 and an intraday high of $119.97 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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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