L S Advisors Inc buys $8.4 Million stake in NextEra Energy Inc (NEE)

NextEra Energy Inc (NEE) : L S Advisors Inc scooped up 36,033 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 69,504 shares of NextEra Energy Inc which is valued at $8.4 Million.NextEra Energy Inc makes up approximately 2.09% of L S Advisors Inc’s portfolio.

Other Hedge Funds, Including , Premier Fund Managers Ltd reduced its stake in NEE by selling 25,000 shares or 53.08% in the most recent quarter. The Hedge Fund company now holds 22,100 shares of NEE which is valued at $2.7 Million. NextEra Energy Inc makes up approx 2.64% of Premier Fund Managers Ltd’s portfolio.Baldwin Brothers Incma boosted its stake in NEE in the latest quarter, The investment management firm added 1,950 additional shares and now holds a total of 12,130 shares of NextEra Energy Inc which is valued at $1.5 Million. NextEra Energy Inc makes up approx 0.26% of Baldwin Brothers Incma’s portfolio.Venturi Wealth Management boosted its stake in NEE in the latest quarter, The investment management firm added 3,296 additional shares and now holds a total of 20,256 shares of NextEra Energy Inc which is valued at $2.4 Million. NextEra Energy Inc makes up approx 0.91% of Venturi Wealth Management’s portfolio.Wfg Advisors Lp boosted its stake in NEE in the latest quarter, The investment management firm added 406 additional shares and now holds a total of 5,951 shares of NextEra Energy Inc which is valued at $718,643. NextEra Energy Inc makes up approx 0.21% of Wfg Advisors Lp’s portfolio.Rockland Trust Co reduced its stake in NEE by selling 47 shares or 1.89% in the most recent quarter. The Hedge Fund company now holds 2,440 shares of NEE which is valued at $289,116. NextEra Energy Inc makes up approx 0.05% of Rockland Trust Co’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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