Bahl & Gaynor INC Decreased Nextera Energy INC (NEE) Stake as Share Price Rose

July 27, 2018 - By Jason Dias

NextEra Energy, Inc. (NYSE:NEE) LogoInvestors sentiment decreased to 0.85 in 2018 Q1. Its down 0.19, from 1.04 in 2017Q4. It turned negative, as 43 investors sold NEE shares while 462 reduced holdings. 98 funds opened positions while 331 raised stakes. 342.36 million shares or 0.59% more from 340.36 million shares in 2017Q4 were reported. Moreover, Steinberg Asset Mngmt has 0.07% invested in NextEra Energy, Inc. (NYSE:NEE) for 2,794 shares. Fincl Bank Of Nova Scotia holds 64,194 shares or 0.05% of its portfolio. Atlantic Grp Limited Co has 0.5% invested in NextEra Energy, Inc. (NYSE:NEE) for 703,071 shares. Carlson Capital Limited Partnership holds 98,775 shares or 0.24% of its portfolio. Connor Clark & Lunn Investment Management reported 23,700 shares. Old Mutual Customised Solutions (Proprietary) holds 0.15% of its portfolio in NextEra Energy, Inc. (NYSE:NEE) for 8,700 shares. Maryland Cap Mgmt reported 4,358 shares or 0.1% of all its holdings. Monarch Management owns 21,327 shares or 1.34% of their US portfolio. Plancorp Ltd Liability Corporation invested in 0.08% or 1,505 shares. Parsons Capital Inc Ri reported 0.58% of its portfolio in NextEra Energy, Inc. (NYSE:NEE). Blb&B Limited Liability holds 0.49% or 22,264 shares in its portfolio. Gamco Invsts Et Al has invested 0.05% in NextEra Energy, Inc. (NYSE:NEE). Palisades Hudson Asset Management Limited Partnership invested 0.14% in NextEra Energy, Inc. (NYSE:NEE). Principal Group owns 1.64M shares. 821,991 are owned by Asset Management One Ltd.

Since February 6, 2018, it had 0 insider buys, and 11 sales for $29.29 million activity. Shares for $803,691 were sold by Arechabala Miguel on Thursday, March 15. On Thursday, March 15 the insider Nazar Manoochehr K sold $2.08 million. 8,336 shares were sold by Pimentel Armando Jr, worth $1.31M. Sieving Charles E had sold 2,844 shares worth $439,881. YEAGER WILLIAM L sold 5,133 shares worth $809,690. Silagy Eric E had sold 11,114 shares worth $1.79 million.

Bahl & Gaynor Inc decreased its stake in Nextera Energy Inc. (NEE) by 4.95% based on its latest 2018Q1 regulatory filing with the SEC. Bahl & Gaynor Inc sold 90,619 shares as the company’s stock rose 5.02% while stock markets declined. The institutional investor held 1.74 million shares of the public utilities company at the end of 2018Q1, valued at $284.03M, down from 1.83M at the end of the previous reported quarter. Bahl & Gaynor Inc who had been investing in Nextera Energy Inc. for a number of months, seems to be less bullish one the $79.31 billion market cap company. The stock increased 0.24% or $0.41 during the last trading session, reaching $168.16. About 1.96 million shares traded or 4.41% up from the average. NextEra Energy, Inc. (NYSE:NEE) has risen 15.44% since July 27, 2017 and is uptrending. It has outperformed by 2.87% the S&P500.

Bahl & Gaynor Inc, which manages about $7.63 billion and $9.08 billion US Long portfolio, upped its stake in Apple Inc. (NASDAQ:AAPL) by 29,826 shares to 514,904 shares, valued at $86.39M in 2018Q1, according to the filing. It also increased its holding in Phillips 66 (NYSE:PSX) by 452,306 shares in the quarter, for a total of 491,923 shares, and has risen its stake in Bank Of America Corp (NYSE:BAC).

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

Among 6 analysts covering NextEra Energy (NYSE:NEE), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. NextEra Energy had 12 analyst reports since February 2, 2018 according to SRatingsIntel. The company was maintained on Wednesday, April 18 by KeyBanc Capital Markets. The stock of NextEra Energy, Inc. (NYSE:NEE) earned “Overweight” rating by Morgan Stanley on Tuesday, February 13. The stock has “Overweight” rating by Morgan Stanley on Wednesday, June 13. The firm has “Overweight” rating given on Monday, April 16 by Morgan Stanley. The rating was maintained by JP Morgan on Thursday, April 26 with “Overweight”. Howard Weil maintained the stock with “Sector Perform” rating in Tuesday, July 24 report. The company was maintained on Monday, July 16 by Morgan Stanley. JP Morgan maintained it with “Overweight” rating and $170 target in Tuesday, April 10 report. The stock has “Overweight” rating by Morgan Stanley on Thursday, March 8. The firm has “Overweight” rating given on Thursday, July 19 by KeyBanc Capital Markets.

NextEra Energy, Inc. (NYSE:NEE) Institutional Positions Chart

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