Washington Trust Bank Lowers stake in NextEra Energy Inc (NEE)

NextEra Energy Inc (NEE) : Washington Trust Bank reduced its stake in NextEra Energy Inc by 1.31% during the most recent quarter end. The investment management company now holds a total of 17,862 shares of NextEra Energy Inc which is valued at $2,117,361 after selling 237 shares in NextEra Energy Inc , the firm said in a disclosure report filed with the SEC on Oct 4, 2016.NextEra Energy Inc makes up approximately 0.51% of Washington Trust Bank’s portfolio.

Other Hedge Funds, Including , Lynch Associatesin reduced its stake in NEE by selling 235 shares or 1.48% in the most recent quarter. The Hedge Fund company now holds 15,611 shares of NEE which is valued at $1,850,528. NextEra Energy Inc makes up approx 0.82% of Lynch Associatesin’s portfolio.Lvm Capital Management Ltdmi boosted its stake in NEE in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 7,900 shares of NextEra Energy Inc which is valued at $936,466. NextEra Energy Inc makes up approx 0.30% of Lvm Capital Management Ltdmi’s portfolio.Harbour Capital Advisors boosted its stake in NEE in the latest quarter, The investment management firm added 90 additional shares and now holds a total of 1,920 shares of NextEra Energy Inc which is valued at $227,597. NextEra Energy Inc makes up approx 0.12% of Harbour Capital Advisors’s portfolio.Bath Savings Trust Co boosted its stake in NEE in the latest quarter, The investment management firm added 117 additional shares and now holds a total of 38,513 shares of NextEra Energy Inc which is valued at $4,565,331. NextEra Energy Inc makes up approx 1.44% of Bath Savings Trust Co’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 -2.23 points or -1.84% at $118.9 with 23,01,348 shares getting traded on Tuesday. Post opening the session at $121.14, the shares hit an intraday low of $118.1 and an intraday high of $121.14 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

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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