First Mercantile Trust Co Lowers stake in NextEra Energy Inc (NEE)

NextEra Energy Inc (NEE) : First Mercantile Trust Co reduced its stake in NextEra Energy Inc by 12.66% during the most recent quarter end. The investment management company now holds a total of 31,391 shares of NextEra Energy Inc which is valued at $3,821,540 after selling 4,551 shares in NextEra Energy Inc , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.NextEra Energy Inc makes up approximately 0.51% of First Mercantile Trust Co’s portfolio.

Other Hedge Funds, Including , Simplex Trading boosted its stake in NEE in the latest quarter, The investment management firm added 1,240 additional shares and now holds a total of 12,956 shares of NextEra Energy Inc which is valued at $1,577,263. NextEra Energy Inc makes up approx 0.21% of Simplex Trading’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in NEE by selling 108,189 shares or 70.62% in the most recent quarter. The Hedge Fund company now holds 45,008 shares of NEE which is valued at $5,335,248. NextEra Energy Inc makes up approx 0.02% of Bnp Paribas Arbitrage Sa’s portfolio.Curbstone Financial Management Corp reduced its stake in NEE by selling 650 shares or 7.49% in the most recent quarter. The Hedge Fund company now holds 8,030 shares of NEE which is valued at $951,876. NextEra Energy Inc makes up approx 0.31% of Curbstone Financial Management Corp’s portfolio.Telemus Capital reduced its stake in NEE by selling 32 shares or 0.79% in the most recent quarter. The Hedge Fund company now holds 3,997 shares of NEE which is valued at $473,804. NextEra Energy Inc makes up approx 0.05% of Telemus Capital’s portfolio.Washington Trust Bank reduced its stake in NEE by selling 237 shares or 1.31% in the most recent quarter. The Hedge Fund company now holds 17,862 shares of NEE which is valued at $2,117,361. NextEra Energy Inc makes up approx 0.51% of Washington Trust Bank’s portfolio.

NextEra Energy Inc opened for trading at $119.89 and hit $123.26 on the upside on Friday, eventually ending the session at $121.74, with a gain of 3.14% or 3.71 points. The heightened volatility saw the trading volume jump to 48,35,986 shares. Company has a market cap of $56,241 M.

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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