Mu Investments Has Trimmed Royal Bank Of Canada (RY) Holding by $5.38 Million; Valuation Declined; Nextera Energy Com (NEE) Market Valuation Rose While Somerset Trust Company Cut Its Stake by $537,732

May 15, 2018 - By Moses P. Lee

NextEra Energy, Inc. (NYSE:NEE) Logo

Mu Investments decreased its stake in Royal Bank Of Canada (RY) by 99.67% based on its latest 2017Q4 regulatory filing with the SEC. Mu Investments sold 66,450 shares as the company’s stock declined 4.81% with the market. The institutional investor held 220 shares of the commercial banks company at the end of 2017Q4, valued at $18,000, down from 66,670 at the end of the previous reported quarter. Mu Investments who had been investing in Royal Bank Of Canada for a number of months, seems to be less bullish one the $112.86B market cap company. The stock decreased 0.28% or $0.22 during the last trading session, reaching $78.61. About 230,633 shares traded. Royal Bank of Canada (NYSE:RY) has risen 5.90% since May 15, 2017 and is uptrending. It has underperformed by 5.65% the S&P500.

Somerset Trust Company decreased its stake in Nextera Energy Inc Com (NEE) by 14.2% based on its latest 2017Q4 regulatory filing with the SEC. Somerset Trust Company sold 3,447 shares as the company’s stock rose 5.21% while stock markets declined. The institutional investor held 20,831 shares of the public utilities company at the end of 2017Q4, valued at $3.25 million, down from 24,278 at the end of the previous reported quarter. Somerset Trust Company who had been investing in Nextera Energy Inc Com for a number of months, seems to be less bullish one the $74.66 billion market cap company. The stock decreased 1.14% or $1.83 during the last trading session, reaching $158.37. About 627,255 shares traded. NextEra Energy, Inc. (NYSE:NEE) has risen 24.02% since May 15, 2017 and is uptrending. It has outperformed by 12.47% the S&P500.

Mu Investments, which manages about $146.02 million US Long portfolio, upped its stake in Tjx Companies (NYSE:TJX) by 16,550 shares to 75,520 shares, valued at $5.77M in 2017Q4, according to the filing. It also increased its holding in Ross Stores Inc (NASDAQ:ROST) by 6,000 shares in the quarter, for a total of 73,100 shares, and has risen its stake in Pfizer Inc (NYSE:PFE).

Analysts await Royal Bank of Canada (NYSE:RY) to report earnings on May, 24 before the open. They expect $1.64 earnings per share, up 15.49% or $0.22 from last year’s $1.42 per share. RY’s profit will be $2.35 billion for 11.98 P/E if the $1.64 EPS becomes a reality. After $1.72 actual earnings per share reported by Royal Bank of Canada for the previous quarter, Wall Street now forecasts -4.65% negative EPS growth.

Among 11 analysts covering Royal Bank Of Canada (NYSE:RY), 5 have Buy rating, 1 Sell and 5 Hold. Therefore 45% are positive. Royal Bank Of Canada had 19 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, January 30 by Bank of America. The firm earned “Buy” rating on Monday, November 21 by TD Securities. The rating was upgraded by Keefe Bruyette & Woods on Monday, February 27 to “Mkt Perform”. The company was downgraded on Monday, April 3 by TD Securities. The rating was maintained by Argus Research on Monday, December 12 with “Buy”. Argus Research initiated it with “Buy” rating and $69 target in Friday, July 1 report. The stock of Royal Bank of Canada (NYSE:RY) earned “Buy” rating by Argus Research on Thursday, August 25. Citigroup maintained the shares of RY in report on Wednesday, September 14 with “Buy” rating. The firm has “Hold” rating given on Saturday, August 22 by Zacks. The stock of Royal Bank of Canada (NYSE:RY) has “Buy” rating given on Thursday, August 27 by Bank of America.

More important recent Royal Bank of Canada (NYSE:RY) news were published by: Fool.ca which released: “Are Bank Stocks a Good Bet in a Troubled Housing Market?” on May 08, 2018, also Fool.ca published article titled: “Toronto-Dominion Bank and Royal Bank of Canada to Benefit From Rising Interest Rates”, Fool.ca published: “Toronto-Dominion Bank or Royal Bank of Canada: Which Top Dividend Stock Is a TFSA Buy?” on May 04, 2018. More interesting news about Royal Bank of Canada (NYSE:RY) was released by: Fool.ca and their article: “2 Dividend-Growth Stocks Perfect to Boost Your Retirement Income” with publication date: May 13, 2018.

Investors sentiment increased to 1.04 in Q4 2017. Its up 0.09, from 0.95 in 2017Q3. It is positive, as 36 investors sold NEE shares while 405 reduced holdings. 112 funds opened positions while 347 raised stakes. 340.36 million shares or 1.17% less from 344.40 million shares in 2017Q3 were reported. Bartlett Limited Liability Company invested in 2,638 shares or 0.02% of the stock. Gilman Hill Asset Mgmt Limited Liability Co reported 0.09% stake. Robeco Institutional Asset Mngmt Bv has invested 0.3% of its portfolio in NextEra Energy, Inc. (NYSE:NEE). Northstar Advsrs Ltd Liability Corp holds 7,190 shares or 0.2% of its portfolio. Inverness Counsel Lc invested in 0.02% or 1,731 shares. Moreover, Cohen Steers has 0.73% invested in NextEra Energy, Inc. (NYSE:NEE) for 1.68M shares. Camarda Advisors Ltd Liability Corporation owns 0.61% invested in NextEra Energy, Inc. (NYSE:NEE) for 3,250 shares. Pnc Financial Gru Inc holds 0.34% or 2.25 million shares in its portfolio. Dillon And Inc stated it has 0.33% of its portfolio in NextEra Energy, Inc. (NYSE:NEE). Energy Income Ltd Liability reported 812,925 shares stake. Partnervest Advisory Lc stated it has 1,394 shares. State Of Wisconsin Invest Board owns 0.22% invested in NextEra Energy, Inc. (NYSE:NEE) for 521,839 shares. X Mngmt Lc holds 9,751 shares or 0.03% of its portfolio. The California-based Kcm Lc has invested 1.03% in NextEra Energy, Inc. (NYSE:NEE). Vision Cap Management holds 0.32% of its portfolio in NextEra Energy, Inc. (NYSE:NEE) for 7,000 shares.

Analysts await NextEra Energy, Inc. (NYSE:NEE) to report earnings on July, 25. They expect $1.96 earnings per share, up 5.38% or $0.10 from last year’s $1.86 per share. NEE’s profit will be $924.00M for 20.20 P/E if the $1.96 EPS becomes a reality. After $1.94 actual earnings per share reported by NextEra Energy, Inc. for the previous quarter, Wall Street now forecasts 1.03% EPS growth.

Since February 6, 2018, it had 0 insider purchases, and 7 insider sales for $10.59 million activity. Arechabala Miguel sold 5,093 shares worth $803,691. Another trade for 9,250 shares valued at $1.40M was made by Pimentel Armando Jr on Tuesday, February 6. Sieving Charles E sold $439,881 worth of stock. ROBO JAMES L sold 18,000 shares worth $2.90M. $809,690 worth of stock was sold by YEAGER WILLIAM L on Thursday, March 15.

Another recent and important NextEra Energy, Inc. (NYSE:NEE) news was published by Seekingalpha.com which published an article titled: “NextEra Vs. PPL: A Thunderdome Match” on April 22, 2018.

Somerset Trust Company, which manages about $200.18 million US Long portfolio, upped its stake in Regency Ctrs Corp Com (NYSE:REG) by 4,511 shares to 24,822 shares, valued at $1.72 million in 2017Q4, according to the filing. It also increased its holding in Microsoft Corp Com (NASDAQ:MSFT) by 3,740 shares in the quarter, for a total of 85,987 shares, and has risen its stake in Express Scripts Hldg Co Com (NASDAQ:ESRX).

Among 16 analysts covering Nextera Energy Inc. (NYSE:NEE), 15 have Buy rating, 0 Sell and 1 Hold. Therefore 94% are positive. Nextera Energy Inc. had 44 analyst reports since August 5, 2015 according to SRatingsIntel. As per Friday, January 29, the company rating was upgraded by Robert W. Baird. Guggenheim maintained the shares of NEE in report on Friday, January 26 with “Buy” rating. BMO Capital Markets maintained NextEra Energy, Inc. (NYSE:NEE) rating on Monday, April 3. BMO Capital Markets has “Buy” rating and $135 target. The stock of NextEra Energy, Inc. (NYSE:NEE) earned “Buy” rating by Goldman Sachs on Monday, October 16. The firm has “Buy” rating given on Friday, June 2 by BMO Capital Markets. Goldman Sachs maintained it with “Buy” rating and $160 target in Monday, July 24 report. The rating was maintained by M Partners with “Buy” on Tuesday, August 11. The rating was maintained by Morgan Stanley on Thursday, March 8 with “Overweight”. Barclays Capital maintained NextEra Energy, Inc. (NYSE:NEE) rating on Friday, March 18. Barclays Capital has “Overweight” rating and $129 target. The rating was maintained by Morgan Stanley on Tuesday, February 13 with “Overweight”.

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

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By1 Moses P. Lee

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