Farmers Trust Co Lowers stake in NextEra Energy Inc (NEE)

NextEra Energy Inc (NEE) : Farmers Trust Co reduced its stake in NextEra Energy Inc by 3.2% during the most recent quarter end. The investment management company now holds a total of 53,619 shares of NextEra Energy Inc which is valued at $6,960,282 after selling 1,772 shares in NextEra Energy Inc , the firm said in a disclosure report filed with the SEC on Jul 20, 2016.NextEra Energy Inc makes up approximately 2.20% of Farmers Trust Co’s portfolio.

Other Hedge Funds, Including , Rockefeller Financial Services Inc reduced its stake in NEE by selling 534 shares or 47.72% in the most recent quarter. The Hedge Fund company now holds 585 shares of NEE which is valued at $75,939.Mechanics Bank Trust Department reduced its stake in NEE by selling 340 shares or 13.11% in the most recent quarter. The Hedge Fund company now holds 2,253 shares of NEE which is valued at $286,604. NextEra Energy Inc makes up approx 0.10% of Mechanics Bank Trust Department’s portfolio.Gw&k Investment Management reduced its stake in NEE by selling 1,426 shares or 2.36% in the most recent quarter. The Hedge Fund company now holds 59,124 shares of NEE which is valued at $7,577,923. NextEra Energy Inc makes up approx 0.15% of Gw&k Investment Management’s portfolio.Patten Patten Inctn reduced its stake in NEE by selling 53 shares or 0.09% in the most recent quarter. The Hedge Fund company now holds 57,351 shares of NEE which is valued at $7,451,615. NextEra Energy Inc makes up approx 1.02% of Patten Patten Inctn’s portfolio.

NextEra Energy Inc closed down -0.88 points or -0.69% at $127.21 with 16,86,777 shares getting traded on Wednesday. Post opening the session at $128.57, the shares hit an intraday low of $127.15 and an intraday high of $128.65 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. 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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