Ronald Blue Co Lowers stake in NextEra Energy Inc (NEE)

NextEra Energy Inc (NEE) : Ronald Blue Co reduced its stake in NextEra Energy Inc by 2.41% during the most recent quarter end. The investment management company now holds a total of 6,237 shares of NextEra Energy Inc which is valued at $773,575 after selling 154 shares in NextEra Energy Inc , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.NextEra Energy Inc makes up approximately 0.03% of Ronald Blue Co’s portfolio.

Other Hedge Funds, Including , Gradient Investments boosted its stake in NEE in the latest quarter, The investment management firm added 468 additional shares and now holds a total of 3,423 shares of NextEra Energy Inc which is valued at $420,276. NextEra Energy Inc makes up approx 0.04% of Gradient Investments’s portfolio.Private Asset Management Inc reduced its stake in NEE by selling 225 shares or 11.24% in the most recent quarter. The Hedge Fund company now holds 1,776 shares of NEE which is valued at $210,527. NextEra Energy Inc makes up approx 0.04% of Private Asset Management Inc’s portfolio.Cullinan Associates Inc reduced its stake in NEE by selling 3,600 shares or 7.05% in the most recent quarter. The Hedge Fund company now holds 47,485 shares of NEE which is valued at $5,628,872. NextEra Energy Inc makes up approx 0.48% of Cullinan Associates Inc’s portfolio.

NextEra Energy Inc closed down -0.6 points or -0.48% at $124.03 with 13,84,514 shares getting traded on Friday. Post opening the session at $124.35, the shares hit an intraday low of $123.89 and an intraday high of $125.04 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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 Oct 14, 2016, NextEra Energy Inc announced a cash dividend of $0.8700. The company’s management has announced Nov 22, 2016 as the ex-dividend date and fixed the record date on Nov 25, 2016. The payable date has been fixed on Dec 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 .

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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