Davenport & Company Raised By $849.65 Million Its Nee (NEE) Holding; Newjersey Resources (NJR) Sellers Decreased By 15.84% Their Shorts

April 22, 2018 - By Michael Collier

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Davenport & Company Llc increased Nee (NEE) stake by 41.36% reported in 2017Q4 SEC filing. Davenport & Company Llc acquired 5,440 shares as Nee (NEE)’s stock rose 5.21%. The Davenport & Company Llc holds 18,594 shares with $2.90B value, up from 13,154 last quarter. Nee now has $75.80B valuation. The stock decreased 1.08% or $1.75 during the last trading session, reaching $160.79. About 1.73M shares traded. NextEra Energy, Inc. (NYSE:NEE) has risen 24.02% since April 22, 2017 and is uptrending. It has outperformed by 12.47% the S&P500.

Newjersey Resources Corporation (NYSE:NJR) had a decrease of 15.84% in short interest. NJR’s SI was 3.39 million shares in April as released by FINRA. Its down 15.84% from 4.03 million shares previously. With 661,600 avg volume, 5 days are for Newjersey Resources Corporation (NYSE:NJR)’s short sellers to cover NJR’s short positions. The SI to Newjersey Resources Corporation’s float is 3.96%. The stock increased 0.37% or $0.15 during the last trading session, reaching $40.35. About 415,082 shares traded. New Jersey Resources Corporation (NYSE:NJR) has declined 0.63% since April 22, 2017 and is downtrending. It has underperformed by 12.18% the S&P500.

Investors sentiment decreased to 1.22 in Q4 2017. Its down 0.06, from 1.28 in 2017Q3. It dived, as 18 investors sold New Jersey Resources Corporation shares while 69 reduced holdings. 38 funds opened positions while 68 raised stakes. 55.00 million shares or 1.03% more from 54.44 million shares in 2017Q3 were reported. Employees Retirement System Of Ohio reported 0% in New Jersey Resources Corporation (NYSE:NJR). Pnc Financial Serv Gru has 0% invested in New Jersey Resources Corporation (NYSE:NJR). Hallmark Capital Mgmt reported 5,218 shares. Chartist Ca has 19,889 shares. Moreover, Tiaa Cref Ltd Liability Corp has 0.01% invested in New Jersey Resources Corporation (NYSE:NJR). Mason Street Advsr Ltd Liability Corporation holds 42,796 shares. Parametric Portfolio Associate Lc holds 120,705 shares or 0% of its portfolio. Guernsey-based Bluecrest Capital Ltd has invested 0.11% in New Jersey Resources Corporation (NYSE:NJR). Northern Tru accumulated 1.29M shares. Vaughan David Investments Il reported 10,000 shares. Private Advisor Limited Com holds 5,173 shares or 0.01% of its portfolio. Retirement Of Alabama has invested 0.02% in New Jersey Resources Corporation (NYSE:NJR). Citigroup Inc holds 0% or 9,062 shares in its portfolio. Deutsche Natl Bank Ag reported 0.01% stake. Wells Fargo & Co Mn, a California-based fund reported 939,452 shares.

Since February 14, 2018, it had 0 buys, and 1 insider sale for $99,222 activity. $99,222 worth of New Jersey Resources Corporation (NYSE:NJR) shares were sold by Migliaccio Patrick J..

Among 8 analysts covering New Jersey Resources Corp (NYSE:NJR), 4 have Buy rating, 1 Sell and 3 Hold. Therefore 50% are positive. New Jersey Resources Corp had 13 analyst reports since August 18, 2015 according to SRatingsIntel. The stock of New Jersey Resources Corporation (NYSE:NJR) earned “Buy” rating by Guggenheim on Tuesday, January 2. Zacks upgraded New Jersey Resources Corporation (NYSE:NJR) rating on Monday, September 7. Zacks has “Buy” rating and $31 target. The stock of New Jersey Resources Corporation (NYSE:NJR) earned “Neutral” rating by Janney Capital on Thursday, March 31. The firm has “Hold” rating given on Friday, September 4 by Zacks. On Wednesday, January 6 the stock rating was initiated by Wells Fargo with “Market Perform”. The firm earned “Buy” rating on Monday, August 28 by Argus Research. The firm has “Neutral” rating by Ladenburg Thalmann given on Wednesday, January 13. The stock has “Hold” rating by BB&T Capital on Wednesday, March 30. The rating was maintained by Bank of America on Wednesday, August 23 with “Underperform”. The stock of New Jersey Resources Corporation (NYSE:NJR) earned “Buy” rating by Zacks on Tuesday, August 18.

New Jersey Resources Corporation, an energy services holding company, provides regulated gas distribution, and retail and wholesale energy services. The company has market cap of $3.53 billion. The firm operates through four divisions: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Midstream divisions. It has a 15.88 P/E ratio. The Natural Gas Distribution segment offers regulated retail natural gas services to approximately 529,800 residential and commercial clients in central and northern New Jersey; provides storage management services; and participates in the off-system sales and capacity release markets.

Investors sentiment increased to 1.04 in Q4 2017. Its up 0.09, from 0.95 in 2017Q3. It increased, 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. Columbia L L C Inv Mgmt holds 1,366 shares or 0.03% of its portfolio. Field Main Bankshares accumulated 4,150 shares. Park Natl Corp Oh holds 0.13% or 15,124 shares in its portfolio. Utd Asset Strategies has 4,407 shares. Tower Research Limited Liability Company (Trc) invested 0.01% of its portfolio in NextEra Energy, Inc. (NYSE:NEE). Riverhead Capital Mgmt Limited Liability holds 0.06% of its portfolio in NextEra Energy, Inc. (NYSE:NEE) for 8,621 shares. Hayek Kallen Mgmt has 0.18% invested in NextEra Energy, Inc. (NYSE:NEE). Assetmark holds 0% in NextEra Energy, Inc. (NYSE:NEE) or 2,250 shares. Intrust Natl Bank Na has invested 0.63% in NextEra Energy, Inc. (NYSE:NEE). 35,381 were reported by Endurance Wealth Mgmt Inc. Thrivent Fin For Lutherans has 26,409 shares for 0.01% of their portfolio. Headinvest Ltd Liability Corporation owns 4,361 shares. Zurcher Kantonalbank (Zurich Cantonalbank) owns 198,490 shares for 0.28% of their portfolio. Pitcairn owns 0.17% invested in NextEra Energy, Inc. (NYSE:NEE) for 11,077 shares. Neuberger Berman Gru Ltd holds 1.69 million shares.

Since February 6, 2018, it had 0 insider purchases, and 7 sales for $10.59 million activity. The insider Arechabala Miguel sold $803,691. Another trade for 18,000 shares valued at $2.90M was made by ROBO JAMES L on Monday, March 19. Nazar Manoochehr K sold 13,168 shares worth $2.08 million. Shares for $439,881 were sold by Sieving Charles E on Thursday, February 15. 5,133 shares valued at $809,690 were sold by YEAGER WILLIAM L on Thursday, March 15. Shares for $1.40 million were sold by Pimentel Armando Jr.

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 43 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Sector Outperform” rating given on Tuesday, November 17 by Howard Weil. JP Morgan maintained it with “Neutral” rating and $169 target in Thursday, October 12 report. The firm has “Hold” rating by Zacks given on Monday, August 31. The firm has “Buy” rating given on Monday, January 30 by Deutsche Bank. The company was maintained on Monday, October 5 by Deutsche Bank. As per Thursday, March 8, the company rating was maintained by Morgan Stanley. The firm has “Buy” rating given on Thursday, March 17 by Argus Research. The rating was maintained by Argus Research with “Buy” on Friday, August 7. The stock has “Buy” rating by RBC Capital Markets on Thursday, July 6. The rating was upgraded by Robert W. Baird on Friday, January 29 to “Outperform”.

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

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