Picton Mahoney Asset Management Has Decreased Its Position in Nextera Energy (NEE) as Share Price Rose; Quantitative Investment Management Decreased Armstrong World Industries (AWI) Stake by $540,000; Share Value Declined

April 22, 2018 - By Michael Collier

NextEra Energy, Inc. (NYSE:NEE) Logo

Picton Mahoney Asset Management decreased its stake in Nextera Energy Inc (NEE) by 3.62% based on its latest 2017Q4 regulatory filing with the SEC. Picton Mahoney Asset Management sold 4,700 shares as the company’s stock rose 5.21% while stock markets declined. The institutional investor held 125,300 shares of the public utilities company at the end of 2017Q4, valued at $19.57 million, down from 130,000 at the end of the previous reported quarter. Picton Mahoney Asset Management who had been investing in Nextera Energy Inc for a number of months, seems to be less bullish one the $75.80B market cap company. 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.

Quantitative Investment Management Llc decreased its stake in Armstrong World Industries Inc (AWI) by 9.36% based on its latest 2017Q4 regulatory filing with the SEC. Quantitative Investment Management Llc sold 9,000 shares as the company’s stock declined 6.73% with the market. The hedge fund held 87,200 shares of the plastic products company at the end of 2017Q4, valued at $5.28 million, down from 96,200 at the end of the previous reported quarter. Quantitative Investment Management Llc who had been investing in Armstrong World Industries Inc for a number of months, seems to be less bullish one the $2.96B market cap company. The stock decreased 0.54% or $0.3 during the last trading session, reaching $55.7. About 203,671 shares traded. Armstrong World Industries, Inc. (NYSE:AWI) has risen 24.50% since April 22, 2017 and is uptrending. It has outperformed by 12.95% the S&P500.

Investors sentiment increased to 1.04 in 2017 Q4. 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. Invest Svcs Wi accumulated 18,375 shares. Next Fincl Group invested in 0.17% or 2,622 shares. Schnieders Cap Mgmt Limited Liability Com owns 10,629 shares. Raymond James Financial Svcs Advsrs has 0.15% invested in NextEra Energy, Inc. (NYSE:NEE) for 148,829 shares. Franklin Resource owns 3.75 million shares for 0.28% of their portfolio. Millennium Mngmt Ltd Liability Corp stated it has 0.32% of its portfolio in NextEra Energy, Inc. (NYSE:NEE). Meridian Counsel stated it has 3,277 shares or 0.28% of all its holdings. X Management Co Ltd invested 0.03% of its portfolio in NextEra Energy, Inc. (NYSE:NEE). Torch Wealth Limited stated it has 1.42% of its portfolio in NextEra Energy, Inc. (NYSE:NEE). Btc Cap Mgmt holds 0.04% or 1,400 shares in its portfolio. Boston Mgmt Inc has 3,640 shares for 0.28% of their portfolio. First Midwest Fincl Bank Division has 32,359 shares. Denver Inv Ltd Liability Co holds 2,300 shares or 0.02% of its portfolio. Somerset Communication holds 20,831 shares. New Mexico Educational Retirement Board owns 0.27% invested in NextEra Energy, Inc. (NYSE:NEE) for 44,958 shares.

Picton Mahoney Asset Management, which manages about $3.73B US Long portfolio, upped its stake in Powershares Qqq Trust (Put) (QQQ) by 2,000 shares to 3,600 shares, valued at $560,000 in 2017Q4, according to the filing. It also increased its holding in General Mtrs Co (NYSE:GM) by 197,600 shares in the quarter, for a total of 236,600 shares, and has risen its stake in Morgan Stanley (NYSE:MS).

Analysts await NextEra Energy, Inc. (NYSE:NEE) to report earnings on April, 24 before the open. 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 $820.30 million for 23.10 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.

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. As per Monday, August 31, the company rating was upgraded by Zacks. The stock of NextEra Energy, Inc. (NYSE:NEE) has “Buy” rating given on Monday, January 30 by Deutsche Bank. The stock of NextEra Energy, Inc. (NYSE:NEE) earned “Buy” rating by RBC Capital Markets on Sunday, November 5. The rating was maintained by Morgan Stanley with “Overweight” on Tuesday, February 13. As per Thursday, June 22, the company rating was maintained by BMO Capital Markets. The company was maintained on Monday, July 31 by RBC Capital Markets. The rating was maintained by Deutsche Bank with “Buy” on Monday, October 5. RBC Capital Markets maintained the shares of NEE in report on Sunday, September 3 with “Buy” rating. Morgan Stanley maintained NextEra Energy, Inc. (NYSE:NEE) on Thursday, March 8 with “Overweight” rating. M Partners maintained NextEra Energy, Inc. (NYSE:NEE) on Tuesday, August 11 with “Buy” rating.

Since February 6, 2018, it had 0 insider buys, and 7 insider sales for $10.59 million activity. 13,168 shares were sold by Nazar Manoochehr K, worth $2.08 million on Thursday, March 15. The insider ROBO JAMES L sold 18,000 shares worth $2.90 million. Pimentel Armando Jr sold $1.40 million worth of NextEra Energy, Inc. (NYSE:NEE) on Tuesday, February 6. Another trade for 5,133 shares valued at $809,690 was sold by YEAGER WILLIAM L. The insider Sieving Charles E sold 2,844 shares worth $439,881.

Investors sentiment increased to 1.31 in Q4 2017. Its up 0.19, from 1.12 in 2017Q3. It is positive, as 11 investors sold AWI shares while 63 reduced holdings. 43 funds opened positions while 54 raised stakes. 53.24 million shares or 6.33% less from 56.84 million shares in 2017Q3 were reported. Moreover, Prudential Fincl Inc has 0% invested in Armstrong World Industries, Inc. (NYSE:AWI) for 26,382 shares. Northwestern Mutual Wealth Mgmt reported 178 shares or 0% of all its holdings. Timucuan Asset Mngmt Inc Fl reported 949,127 shares. Mrj Cap reported 13,400 shares stake. Emory University holds 1.87% or 35,959 shares in its portfolio. Comerica Savings Bank accumulated 0.07% or 173,242 shares. London Of Virginia invested 1% in Armstrong World Industries, Inc. (NYSE:AWI). Emerald Advisers Inc Pa has invested 0.01% in Armstrong World Industries, Inc. (NYSE:AWI). Adage Prtn Gp Ltd Liability has 0.05% invested in Armstrong World Industries, Inc. (NYSE:AWI). Primecap Mgmt Ca stated it has 47,000 shares or 0% of all its holdings. Tiaa Cref Investment Management Lc holds 0.01% or 151,232 shares in its portfolio. First Eagle Inv Management Limited Liability has 1.10 million shares for 0.16% of their portfolio. Ohio-based Fifth Third Bankshares has invested 0% in Armstrong World Industries, Inc. (NYSE:AWI). Us State Bank De, Minnesota-based fund reported 67 shares. Moreover, Voloridge Mngmt Limited Liability Corp has 0.06% invested in Armstrong World Industries, Inc. (NYSE:AWI) for 42,073 shares.

Among 17 analysts covering Armstrong World Industries (NYSE:AWI), 5 have Buy rating, 4 Sell and 8 Hold. Therefore 29% are positive. Armstrong World Industries had 38 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has “Buy” rating by Deutsche Bank given on Wednesday, August 5. The company was downgraded on Thursday, January 5 by KeyBanc Capital Markets. On Wednesday, January 27 the stock rating was upgraded by BB&T Capital to “Buy”. The company was upgraded on Wednesday, April 4 by Goldman Sachs. The stock of Armstrong World Industries, Inc. (NYSE:AWI) earned “Sell” rating by J.P. Morgan on Wednesday, March 7. Goldman Sachs initiated the shares of AWI in report on Tuesday, October 6 with “Neutral” rating. The stock of Armstrong World Industries, Inc. (NYSE:AWI) has “Underweight” rating given on Wednesday, January 20 by Barclays Capital. RBC Capital Markets maintained it with “Hold” rating and $50.0 target in Monday, August 28 report. The firm has “Hold” rating by KeyBanc Capital Markets given on Tuesday, September 19. As per Wednesday, November 22, the company rating was maintained by RBC Capital Markets.

Analysts await Armstrong World Industries, Inc. (NYSE:AWI) to report earnings on May, 7. They expect $0.83 EPS, up 50.91% or $0.28 from last year’s $0.55 per share. AWI’s profit will be $44.11M for 16.78 P/E if the $0.83 EPS becomes a reality. After $0.50 actual EPS reported by Armstrong World Industries, Inc. for the previous quarter, Wall Street now forecasts 66.00% EPS growth.

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

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