Rare Infrastructure LTD Stake in Nextera Energy INC (NEE) Trimmed by $56.94 Million as Shares Rose

March 13, 2018 - By Michael Collier

Investors sentiment decreased to 0.95 in Q3 2017. Its down 0.02, from 0.97 in 2017Q2. It dropped, as 38 investors sold NEE shares while 396 reduced holdings. 89 funds opened positions while 323 raised stakes. 344.40 million shares or 7.22% less from 371.19 million shares in 2017Q2 were reported. Madison Inv Holding Incorporated holds 121,619 shares or 0.32% of its portfolio. Scotia stated it has 6,823 shares or 0.01% of all its holdings. Huntington Bank & Trust holds 1.02% in NextEra Energy, Inc. (NYSE:NEE) or 411,615 shares. Grimes & Inc has 0.04% invested in NextEra Energy, Inc. (NYSE:NEE) for 2,763 shares. 24,278 are held by Somerset Tru Communications. Usca Ria Ltd has 12,256 shares for 0.22% of their portfolio. 3,000 are held by Mcrae Capital Mgmt. World Asset Mngmt Incorporated stated it has 41,984 shares. Horan Cap Advisors Ltd Limited Liability Company stated it has 0.08% of its portfolio in NextEra Energy, Inc. (NYSE:NEE). Patten Gp, a Tennessee-based fund reported 686,048 shares. Dorsey Wright And Associate owns 11,025 shares or 0.37% of their US portfolio. Advisors Ok holds 0.01% of its portfolio in NextEra Energy, Inc. (NYSE:NEE) for 1,456 shares. Tortoise Limited Liability Company invested 0.01% in NextEra Energy, Inc. (NYSE:NEE). Bridgeway Capital Mgmt reported 354,400 shares. Dearborn Prtn Limited Liability Corp owns 1.06% invested in NextEra Energy, Inc. (NYSE:NEE) for 98,334 shares.

Since September 18, 2017, it had 0 insider buys, and 6 selling transactions for $9.21 million activity. Another trade for 13,890 shares valued at $2.16 million was sold by Nazar Manoochehr K. Another trade for 2,900 shares valued at $435,000 was sold by KETCHUM JOHN W. 9,250 NextEra Energy, Inc. (NYSE:NEE) shares with value of $1.40M were sold by Pimentel Armando Jr. $300,000 worth of NextEra Energy, Inc. (NYSE:NEE) was sold by Kelliher Joseph T on Wednesday, October 11.

Rare Infrastructure Ltd decreased its stake in Nextera Energy Inc (NEE) by 44.45% based on its latest 2017Q3 regulatory filing with the SEC. Rare Infrastructure Ltd sold 389,994 shares as the company’s stock rose 8.22% with the market. The institutional investor held 487,313 shares of the public utilities company at the end of 2017Q3, valued at $71.42 million, down from 877,307 at the end of the previous reported quarter. Rare Infrastructure Ltd who had been investing in Nextera Energy Inc for a number of months, seems to be less bullish one the $72.70 billion market cap company. The stock increased 0.02% or $0.04 during the last trading session, reaching $154.43. About 754,674 shares traded. NextEra Energy, Inc. (NYSE:NEE) has risen 15.94% since March 13, 2017 and is uptrending. It has underperformed by 0.76% the S&P500.

Rare Infrastructure Ltd, which manages about $1.37 billion US Long portfolio, upped its stake in Nrg Yield Inc by 2.23M shares to 3.12 million shares, valued at $60.29M in 2017Q3, according to the filing.

Analysts await NextEra Energy, Inc. (NYSE:NEE) to report earnings on April, 20. They expect $1.74 earnings per share, down 0.57 % or $0.01 from last year’s $1.75 per share. NEE’s profit will be $819.15M for 22.19 P/E if the $1.74 EPS becomes a reality. After $1.25 actual earnings per share reported by NextEra Energy, Inc. for the previous quarter, Wall Street now forecasts 39.20 % EPS growth.

More notable recent NextEra Energy, Inc. (NYSE:NEE) news were published by: Prnewswire.com which released: “NextEra Energy and NextEra Energy Partners to meet with investors and …” on February 12, 2018, also Seekingalpha.com with their article: “NextEra Energy: A Utility Through A Growth Stock Lens” published on February 16, 2018, Prnewswire.com published: “NextEra Energy and NextEra Energy Partners to meet with investors and …” on February 23, 2018. More interesting news about NextEra Energy, Inc. (NYSE:NEE) were released by: Seekingalpha.com and their article: “NextEra Energy Successful With Renewables” published on March 07, 2018 as well as Seekingalpha.com‘s news article titled: “NextEra: Total Return Play In A Conservative Utility Business” with publication date: March 05, 2018.

NextEra Energy, Inc. (NYSE:NEE) Ratings Coverage

Among 15 analysts covering Nextera Energy Inc. (NYSE:NEE), 13 have Buy rating, 0 Sell and 2 Hold. Therefore 87% are positive. Nextera Energy Inc. had 40 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Overweight” rating by Morgan Stanley given on Wednesday, December 13. The rating was maintained by RBC Capital Markets on Sunday, November 5 with “Buy”. Morgan Stanley maintained the stock with “Overweight” rating in Thursday, March 8 report. The firm has “Buy” rating by BMO Capital Markets given on Monday, April 3. The stock has “Buy” rating by RBC Capital Markets on Thursday, July 6. As per Friday, March 18, the company rating was maintained by Barclays Capital. Goldman Sachs upgraded the shares of NEE in report on Monday, October 16 to “Buy” rating. The firm has “Buy” rating given on Thursday, June 22 by BMO Capital Markets. The firm earned “Buy” rating on Tuesday, January 2 by Guggenheim. RBC Capital Markets maintained NextEra Energy, Inc. (NYSE:NEE) on Monday, July 31 with “Buy” rating.

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