Hanlon Investment Management buys $5,595,868 stake in NextEra Energy Inc (NEE)

NextEra Energy Inc (NEE) : Hanlon Investment Management scooped up 7,500 additional shares in NextEra Energy Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 43,687 shares of NextEra Energy Inc which is valued at $5,595,868.NextEra Energy Inc makes up approximately 0.48% of Hanlon Investment Management’s portfolio.

Other Hedge Funds, Including , Pekin Singer Strauss Asset Management Il reduced its stake in NEE by selling 159 shares or 4.44% in the most recent quarter. The Hedge Fund company now holds 3,425 shares of NEE which is valued at $438,708. NextEra Energy Inc makes up approx 0.09% of Pekin Singer Strauss Asset Management Il’s portfolio.Sigma Planning Corp reduced its stake in NEE by selling 51 shares or 0.34% in the most recent quarter. The Hedge Fund company now holds 14,840 shares of NEE which is valued at $1,926,380. NextEra Energy Inc makes up approx 0.25% of Sigma Planning Corp’s portfolio.Sumitomo Life Insurance Co reduced its stake in NEE by selling 491 shares or 1.87% in the most recent quarter. The Hedge Fund company now holds 25,763 shares of NEE which is valued at $3,304,105. NextEra Energy Inc makes up approx 0.44% of Sumitomo Life Insurance Co’s portfolio.Benjamin F. Edwards Company reduced its stake in NEE by selling 95 shares or 0.31% in the most recent quarter. The Hedge Fund company now holds 30,847 shares of NEE which is valued at $3,953,660. NextEra Energy Inc makes up approx 0.75% of Benjamin F. Edwards Company’s portfolio.

NextEra Energy Inc (NEE) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $126.24 and reached the intraday high at $127.01. The bulls started the profit booking and pushed the shares to intraday low of $125.58. The trading session was marked by a volume range of 19,94,126 shares exchanging hands. The 52-week high of the shares is $131.98 and the 52-week low is $93.74. The market cap of the company stands at $58,207 M and there are 46,19,95,590 shares in public circulation.

On the company’s financial health, NextEra Energy Inc reported $1.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $1.57. The company had revenue of $3817.00 million for the quarter, compared to analysts expectations of $4346.45 million. The company’s revenue was down -12.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.56 EPS.

Investors should note that on Jul 29, 2016, NextEra Energy Inc announced a cash dividend of $0.8700. The company’s management has announced Aug 26, 2016 as the ex-dividend date and fixed the record date on Aug 30, 2016. The payable date has been fixed on Sep 15, 2016.

Many Wall Street Analysts have commented on NextEra Energy Inc. Shares were Reiterated by Deutsche Bank on Jul 28, 2016 to “Buy” and Lowered the Price Target to $ 133 from a previous price target of $134 .Company shares were Reiterated by Mizuho on Jul 18, 2016 to “Buy”, Firm has raised the Price Target to $ 138 from a previous price target of $125 .

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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