Schmidt P J Investment Management Inc Lowers stake in NextEra Energy Inc (NEE)

NextEra Energy Inc (NEE) : Schmidt P J Investment Management Inc reduced its stake in NextEra Energy Inc by 2.04% during the most recent quarter end. The investment management company now holds a total of 39,278 shares of NextEra Energy Inc which is valued at $4,948,635 after selling 817 shares in NextEra Energy Inc , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.NextEra Energy Inc makes up approximately 1.81% of Schmidt P J Investment Management Inc’s portfolio.

Other Hedge Funds, Including , San Francisco Sentry Investment Group (ca) boosted its stake in NEE in the latest quarter, The investment management firm added 1,200 additional shares and now holds a total of 10,862 shares of NextEra Energy Inc which is valued at $1,368,503. NextEra Energy Inc makes up approx 0.80% of San Francisco Sentry Investment Group (ca)’s portfolio.Nbt Bank N A Ny reduced its stake in NEE by selling 1,459 shares or 4.14% in the most recent quarter. The Hedge Fund company now holds 33,791 shares of NEE which is valued at $4,257,328. NextEra Energy Inc makes up approx 0.72% of Nbt Bank N A Ny’s portfolio.Jackson Grant Investment Advisers boosted its stake in NEE in the latest quarter, The investment management firm added 71 additional shares and now holds a total of 1,080 shares of NextEra Energy Inc which is valued at $136,069. NextEra Energy Inc makes up approx 0.12% of Jackson Grant Investment Advisers’s portfolio. Lmr Partners Llp sold out all of its stake in NEE during the most recent quarter. The investment firm sold 15,719 shares of NEE which is valued $2,016,591.Pggm Investments boosted its stake in NEE in the latest quarter, The investment management firm added 42,985 additional shares and now holds a total of 717,547 shares of NextEra Energy Inc which is valued at $91,250,452. NextEra Energy Inc makes up approx 0.45% of Pggm Investments’s portfolio.

NextEra Energy Inc opened for trading at $123.98 and hit $126 on the upside on Wednesday, eventually ending the session at $125.8, with a gain of 1.46% or 1.81 points. The heightened volatility saw the trading volume jump to 20,19,969 shares. Company has a market cap of $58,119 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.

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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