Somerset Group Has Upped Nextera Energy (NEE) Stake by $303,732; Kingdon Capital Management Has Cut Position in Marvell Technology Group LTD (MRVL) by $1.38 Million

May 22, 2018 - By Marguerite Chambers

NextEra Energy, Inc. (NYSE:NEE) Logo

Somerset Group Llc increased its stake in Nextera Energy Inc (NEE) by 27.86% based on its latest 2017Q4 regulatory filing with the SEC. Somerset Group Llc bought 1,947 shares as the company’s stock rose 5.21% while stock markets declined. The institutional investor held 8,935 shares of the public utilities company at the end of 2017Q4, valued at $1.40M, up from 6,988 at the end of the previous reported quarter. Somerset Group Llc who had been investing in Nextera Energy Inc for a number of months, seems to be bullish on the $75.38 billion market cap company. The stock decreased 0.20% or $0.32 during the last trading session, reaching $159.9. About 1.06M shares traded. NextEra Energy, Inc. (NYSE:NEE) has risen 24.02% since May 22, 2017 and is uptrending. It has outperformed by 12.47% the S&P500.

Mark Kingdon decreased its stake in Marvell Technology Group Ltd (MRVL) by 17.63% based on its latest 2017Q4 regulatory filing with the SEC. Kingdon Capital Management Llc sold 65,699 shares as the company’s stock declined 2.82% with the market. The hedge fund run by Mark Kingdon held 306,878 shares of the semiconductors company at the end of 2017Q4, valued at $6.59M, down from 372,577 at the end of the previous reported quarter. Kingdon Capital Management Llc who had been investing in Marvell Technology Group Ltd for a number of months, seems to be less bullish one the $10.93 billion market cap company. The stock increased 2.64% or $0.565 during the last trading session, reaching $22.005. About 4.15 million shares traded. Marvell Technology Group Ltd. (NASDAQ:MRVL) has risen 35.98% since May 22, 2017 and is uptrending. It has outperformed by 24.43% the S&P500.

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. Guggenheim maintained NextEra Energy, Inc. (NYSE:NEE) on Tuesday, January 2 with “Buy” rating. As per Thursday, March 8, the company rating was maintained by Morgan Stanley. The stock of NextEra Energy, Inc. (NYSE:NEE) earned “Buy” rating by BMO Capital Markets on Monday, April 3. The stock of NextEra Energy, Inc. (NYSE:NEE) has “Buy” rating given on Monday, January 30 by Deutsche Bank. The firm has “Overweight” rating by Morgan Stanley given on Wednesday, December 13. Barclays Capital maintained the stock with “Overweight” rating in Friday, March 18 report. Robert W. Baird upgraded NextEra Energy, Inc. (NYSE:NEE) on Friday, January 29 to “Outperform” rating. The stock has “Buy” rating by RBC Capital Markets on Sunday, November 5. The rating was upgraded by Zacks to “Hold” on Monday, August 31. The rating was maintained by JP Morgan on Thursday, October 12 with “Neutral”.

More important recent NextEra Energy, Inc. (NYSE:NEE) news were published by: Streetinsider.com which released: “Wall Street to rally as US-China put trade war ‘on hold'” on May 21, 2018, also Streetinsider.com published article titled: “Southern Co. (SO) Reports Sale of Certain Florida Assets to NextEra Energy (NEE) for About $6.48 Billion”, Marketwatch.com published: “NextEra Energy to buy some of Southern Co.’s Florida assets in a deal valued at $6.5 billion” on May 21, 2018. More interesting news about NextEra Energy, Inc. (NYSE:NEE) was released by: Fool.com and their article: “3 Top Utility Stocks for Dividend Growth Investors” with publication date: May 22, 2018.

Since February 6, 2018, it had 0 insider purchases, and 8 insider sales for $12.38 million activity. YEAGER WILLIAM L had sold 5,133 shares worth $809,690. On Thursday, March 15 the insider Arechabala Miguel sold $803,691. Another trade for 11,114 shares valued at $1.79M was made by Silagy Eric E on Monday, May 14. The insider ROBO JAMES L sold 18,000 shares worth $2.90M. Pimentel Armando Jr sold $1.40 million worth of stock or 9,250 shares. The insider Nazar Manoochehr K sold 13,168 shares worth $2.08 million.

Somerset Group Llc, which manages about $184.04M and $119.60 million US Long portfolio, decreased its stake in C.H. Robinson Worldwide (NASDAQ:CHRW) by 8,020 shares to 105,963 shares, valued at $9.44M in 2017Q4, according to the filing.

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. British Columbia Invest Mngmt holds 0.32% of its portfolio in NextEra Energy, Inc. (NYSE:NEE) for 293,198 shares. Peapack Gladstone Fin Corp holds 85,278 shares or 0.71% of its portfolio. Legal General Gp Public Lc, a United Kingdom-based fund reported 2.80M shares. Cornerstone Capital Ltd Liability Co owns 164,322 shares for 0.18% of their portfolio. Moreover, Chicago Equity Partners Ltd Co has 0.28% invested in NextEra Energy, Inc. (NYSE:NEE). Columbia Prtnrs L L C Investment Mgmt has invested 0.03% in NextEra Energy, Inc. (NYSE:NEE). Ogorek Anthony Joseph New York Adv holds 86 shares. Etrade Cap Management Limited Liability Co has 0.14% invested in NextEra Energy, Inc. (NYSE:NEE). Baldwin Brothers Ma accumulated 0.46% or 19,085 shares. World Asset Inc invested in 38,928 shares or 0.2% of the stock. Personal Cap Corp has 85,120 shares. Td Capital Mngmt Ltd Llc has 0.02% invested in NextEra Energy, Inc. (NYSE:NEE) for 436 shares. Credit Suisse Ag has invested 0.19% in NextEra Energy, Inc. (NYSE:NEE). Putnam Fl Inv Management owns 1.22% invested in NextEra Energy, Inc. (NYSE:NEE) for 85,091 shares. Energ Income Prtnrs Limited Liability Corporation accumulated 812,925 shares or 2.18% of the stock.

Kingdon Capital Management Llc, which manages about $3.27B and $1.55B US Long portfolio, upped its stake in Ferroglobe Plc by 40,358 shares to 340,028 shares, valued at $5.51 million in 2017Q4, according to the filing. It also increased its holding in Unitedhealth Group Inc (NYSE:UNH) by 72,651 shares in the quarter, for a total of 136,009 shares, and has risen its stake in Flexion Therapeutics Inc (NASDAQ:FLXN).

Analysts await Marvell Technology Group Ltd. (NASDAQ:MRVL) to report earnings on May, 31 after the close. They expect $0.26 earnings per share, up 30.00% or $0.06 from last year’s $0.2 per share. MRVL’s profit will be $129.08 million for 21.16 P/E if the $0.26 EPS becomes a reality. After $0.28 actual earnings per share reported by Marvell Technology Group Ltd. for the previous quarter, Wall Street now forecasts -7.14% negative EPS growth.

Among 39 analysts covering Marvell Technology Group (NASDAQ:MRVL), 26 have Buy rating, 1 Sell and 12 Hold. Therefore 67% are positive. Marvell Technology Group had 128 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Sell” rating by Citigroup given on Wednesday, October 28. As per Thursday, August 20, the company rating was maintained by Deutsche Bank. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, May 25. JP Morgan downgraded the shares of MRVL in report on Tuesday, September 8 to “Neutral” rating. The rating was downgraded by Nomura on Monday, October 12 to “Neutral”. On Tuesday, November 21 the stock rating was upgraded by Barclays Capital to “Buy”. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, August 17 report. On Friday, March 9 the stock rating was maintained by Cowen & Co with “Buy”. The firm earned “Hold” rating on Tuesday, October 27 by Brean Capital. The firm has “Neutral” rating by Susquehanna given on Friday, September 11.

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