Meiji Yasuda Asset Management Co Ltd. buys $6 Million stake in NextEra Energy Inc (NEE)

NextEra Energy Inc (NEE) : Meiji Yasuda Asset Management Co Ltd. scooped up 575 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 49,850 shares of NextEra Energy Inc which is valued at $6 Million.NextEra Energy Inc makes up approximately 1.37% of Meiji Yasuda Asset Management Co Ltd.’s portfolio.

Other Hedge Funds, Including , New Mexico Educational Retirement Board boosted its stake in NEE in the latest quarter, The investment management firm added 900 additional shares and now holds a total of 50,958 shares of NextEra Energy Inc which is valued at $6.2 Million. NextEra Energy Inc makes up approx 0.30% of New Mexico Educational Retirement Board’s portfolio.Hartline Investment Corp reduced its stake in NEE by selling 50 shares or 1.12% in the most recent quarter. The Hedge Fund company now holds 4,412 shares of NEE which is valued at $532,793. NextEra Energy Inc makes up approx 0.20% of Hartline Investment Corp’s portfolio.Mutual Of America Capital Management boosted its stake in NEE in the latest quarter, The investment management firm added 642 additional shares and now holds a total of 51,880 shares of NextEra Energy Inc which is valued at $6.3 Million. NextEra Energy Inc makes up approx 0.14% of Mutual Of America Capital Management’s portfolio.Archford Capital Strategies boosted its stake in NEE in the latest quarter, The investment management firm added 7,105 additional shares and now holds a total of 8,022 shares of NextEra Energy Inc which is valued at $968,737. NextEra Energy Inc makes up approx 0.46% of Archford Capital Strategies’s portfolio.Stratos Wealth Partners Ltd. boosted its stake in NEE in the latest quarter, The investment management firm added 2,361 additional shares and now holds a total of 12,681 shares of NextEra Energy Inc which is valued at $1.5 Million. NextEra Energy Inc makes up approx 0.13% of Stratos Wealth Partners Ltd.’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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