Tower Bridge Advisors Has Lowered Nextera Energy (NEE) Stake By $49.00 Million; Bed Bath & Beyond (BBBY)’s Sentiment Is 1.06

June 24, 2018 - By Ash

Bed Bath & Beyond Inc. (NASDAQ:BBBY) Logo

Bed Bath & Beyond Inc (BBBY) investors sentiment increased to 1.06 in 2018 Q1. It’s up 0.32, from 0.74 in 2017Q4. The ratio has increased, as 133 investment managers started new and increased positions, while 126 decreased and sold their stock positions in Bed Bath & Beyond Inc. The investment managers in our database now hold: 124.91 million shares, down from 125.01 million shares in 2017Q4. Also, the number of investment managers holding Bed Bath & Beyond Inc in top ten positions decreased from 4 to 3 for a decrease of 1. Sold All: 26 Reduced: 100 Increased: 89 New Position: 44.

Tower Bridge Advisors decreased Nextera Energy Inc (NEE) stake by 3.04% reported in 2018Q1 SEC filing. Tower Bridge Advisors sold 300 shares as Nextera Energy Inc (NEE)’s stock rose 5.02%. The Tower Bridge Advisors holds 9,583 shares with $1.57 billion value, down from 9,883 last quarter. Nextera Energy Inc now has $77.46 billion valuation. The stock increased 0.57% or $0.93 during the last trading session, reaching $164.3. About 2.30 million shares traded or 21.33% up from the average. NextEra Energy, Inc. (NYSE:NEE) has risen 15.44% since June 24, 2017 and is uptrending. It has outperformed by 2.87% the S&P500. Some Historical NEE News: 10/04/2018 – NEXTERA ENERGY INC NEE.N : JP MORGAN RAISES TARGET PRICE TO $170 FROM $167; 21/05/2018 – Southern Co Announces Sale of Certain Florida Assets to NextEra Energy; 24/04/2018 – NEXTERA ENERGY SEES FY ADJ EPS $7.45 TO $7.95, EST. $7.73; 24/04/2018 – NEXTERA ENERGY PARTNERS LP – PRELIMINARY QTRLY TOTAL OPERATING REVENUES $212 MLN VS $198 MLN; 02/04/2018 – NEXTERA ENERGY – EXPECT TO ACCRETIVELY REDEPLOY DEAL PROCEEDS TO BUY HIGHER-YIELDING U.S. ASSETS FROM EITHER THIRD PARTIES OR NEXTERA ENERGY RE; 25/05/2018 – NEXTERA RAISES POINT BEACH 1 REACTOR TO 100% POWER FROM 71%:NRC; 07/05/2018 – NextEra Energy named one of America’s Best Employers for third consecutive year; 21/05/2018 – Fitch Affirms NextEra’s ‘A-‘ IDR Following Florida Assets Acquisition Announcement; 24/04/2018 – NEXTERA ENERGY PARTNERS – NOW EXPECTS 12-15 PCT/YR GROWTH IN LIMITED PARTNER DISTRIBUTIONS AS “REASONABLE RANGE OF EXPECTATIONS” THROUGH AT LEAST 2023; 02/04/2018 – NextEra Energy Partners, LP announces sale of Canadian renewable portfolio

Ratings analysis reveals 0 of Bed Bath & Beyond’s analysts are positive. Out of 5 Wall Street analysts rating Bed Bath & Beyond, 0 give it “Buy”, 1 “Sell” rating, while 4 recommend “Hold”. The lowest target is $35.0 while the high is $45.0. The stock’s average target of $40.25 is 100.55% above today’s ($20.07) share price. BBBY was included in 5 notes of analysts from September 22, 2016. The company was initiated on Tuesday, December 20 by Loop Capital. On Thursday, September 22 the stock rating was maintained by UBS with “Neutral”. Wedbush maintained Bed Bath & Beyond Inc. (NASDAQ:BBBY) on Thursday, April 6 with “Neutral” rating. The stock of Bed Bath & Beyond Inc. (NASDAQ:BBBY) has “Market Perform” rating given on Thursday, December 22 by Telsey Advisory. Raymond James downgraded the shares of BBBY in report on Thursday, December 22 to “Mkt Perform” rating.

More important recent Bed Bath & Beyond Inc. (NASDAQ:BBBY) news were published by: Seekingalpha.com which released: “BBBY: A Blood Bath & Beyond Event Trade” on June 20, 2018, also Seekingalpha.com published article titled: “Stocks To Watch: More Trade Tiffs And Stress Tests”, Nasdaq.com published: “Will Bed Bath & Beyond Return to Sales Growth on Thursday?” on June 23, 2018. More interesting news about Bed Bath & Beyond Inc. (NASDAQ:BBBY) was released by: Seekingalpha.com and their article: “Bed Bath & Beyond COO Castagna also is President; D’Elia moves up to CFO” with publication date: June 05, 2018.

Analysts await Bed Bath & Beyond Inc. (NASDAQ:BBBY) to report earnings on June, 27 after the close. They expect $0.32 earnings per share, down 44.83% or $0.26 from last year’s $0.58 per share. BBBY’s profit will be $44.90 million for 15.68 P/E if the $0.32 EPS becomes a reality. After $1.48 actual earnings per share reported by Bed Bath & Beyond Inc. for the previous quarter, Wall Street now forecasts -78.38% negative EPS growth.

The stock decreased 0.25% or $0.05 during the last trading session, reaching $20.07. About 5.26 million shares traded or 11.00% up from the average. Bed Bath & Beyond Inc. (BBBY) has declined 48.23% since June 24, 2017 and is downtrending. It has underperformed by 60.80% the S&P500. Some Historical BBBY News: 04/04/2018 – BED BATH & BEYOND NAMES JB OSBORNE TO BOARD; 29/05/2018 – Cost Plus World Market to Open New Store in Burbank, California; 03/04/2018 – WNBC 4: Toys R Us Gift Cards Can Be Exchanged for Bed Bath & Beyond Credit; 12/04/2018 – Bed Bath & Beyond: Digital Competition Isn’t Relenting — Barrons.com; 04/04/2018 – Bed Bath & Beyond Inc. Appoints JB Osborne to Board of Directors; 13/03/2018 Cost Plus World Market to Open Its Fifth Store in New Jersey; 11/04/2018 – BED BATH & BEYOND – CO’S GOALS INCLUDE MODERATING DECLINES IN ITS OPERATING PROFIT AND NET EARNINGS PER DILUTED SHARE, IN FISCAL 2018 AND FISCAL 2019; 24/05/2018 – BED BATH & BEYOND INC – APPOINTMENT EXPANDS BOARD TO 12 MEMBERS; 12/04/2018 – Bed Bath & Beyond issued 2018 earnings per share guidance in the low- to mid-$2 range; 03/04/2018 – Bed Bath & Beyond will exchange Toys R Us and Babies R Us gift cards for store credit through Thursday

Bed Bath & Beyond Inc., together with its subsidiaries, operates a chain of retail stores. The company has market cap of $2.82 billion. It sells a range of domestics merchandise, including bed linens and related items, bath items, and kitchen textiles; and home furnishings, such as kitchen and tabletop items, fine tabletop, basic housewares, general home furnishings, consumables, and juvenile products. It has a 6.6 P/E ratio. It also provides various textile products, amenities, and other goods to institutional clients in the hospitality, cruise line, healthcare, and other industries.

Contrarius Investment Management Ltd holds 6.34% of its portfolio in Bed Bath & Beyond Inc. for 6.34 million shares. Valueworks Llc owns 284,979 shares or 4.56% of their US portfolio. Moreover, Moon Capital Management Lp has 3.75% invested in the company for 370,111 shares. The Missouri-based Towle & Co has invested 2.98% in the stock. Wilsey Asset Management Inc, a California-based fund reported 230,587 shares.

More notable recent NextEra Energy, Inc. (NYSE:NEE) news were published by: Finance.Yahoo.com which released: “Should Income Investors Buy NextEra Energy Inc (NYSE:NEE) Before Its Ex-Dividend?” on June 02, 2018, also Seekingalpha.com with their article: “Florida Purchase Improves The Value Of NextEra” published on May 30, 2018, Nasdaq.com published: “2 Companies With a Secret Weapon in Renewable Power” on June 22, 2018. More interesting news about NextEra Energy, Inc. (NYSE:NEE) were released by: Fool.com and their article: “Better Renewable Stock to Buy: NextEra Energy vs. Xcel Energy” published on June 05, 2018 as well as Seekingalpha.com‘s news article titled: “Utilities sector upgraded at Morgan Stanley as riskier stock market looms” with publication date: June 18, 2018.

Tower Bridge Advisors increased Fortive Corp stake by 8,299 shares to 83,992 valued at $6.51B in 2018Q1. It also upped Halliburton Co. (NYSE:HAL) stake by 37,575 shares and now owns 187,428 shares. Disney Walt Company (NYSE:DIS) was raised too.

Investors sentiment decreased to 0.85 in Q1 2018. Its down 0.19, from 1.04 in 2017Q4. It dropped, 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. Cidel Asset Mngmt Inc has 1.51% invested in NextEra Energy, Inc. (NYSE:NEE). Twin Cap Management stated it has 6,340 shares. Usca Ria Limited Liability Company holds 0.33% or 18,573 shares. 4,358 were reported by Maryland Cap Management. Vantage Invest Limited Liability Company owns 1,377 shares. Inspirion Wealth Lc accumulated 2,620 shares. New Jersey-based Peapack Gladstone Fin has invested 0% in NextEra Energy, Inc. (NYSE:NEE). 10 has 25,578 shares for 0.99% of their portfolio. Bp Public Ltd reported 54,000 shares stake. Webster Financial Bank N A reported 0.09% in NextEra Energy, Inc. (NYSE:NEE). Bender Robert And has invested 0.39% of its portfolio in NextEra Energy, Inc. (NYSE:NEE). Covington Cap Management accumulated 80,681 shares. Waters Parkerson And Communications Limited Liability invested in 1,559 shares. Cullen Cap Management Lc invested in 2.74% or 473,600 shares. Nelson Van Denburg & Campbell Wealth Mgmt Group Llc has invested 0.03% in NextEra Energy, Inc. (NYSE:NEE).

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 45 analyst reports since August 5, 2015 according to SRatingsIntel. The company was maintained on Monday, July 31 by RBC Capital Markets. BMO Capital Markets maintained the stock with “Buy” rating in Friday, June 2 report. The company was maintained on Thursday, October 12 by JP Morgan. Morgan Stanley maintained NextEra Energy, Inc. (NYSE:NEE) rating on Tuesday, February 13. Morgan Stanley has “Overweight” rating and $165 target. The company was maintained on Thursday, July 6 by RBC Capital Markets. M Partners maintained the stock with “Buy” rating in Tuesday, August 11 report. The company was maintained on Monday, November 13 by Morgan Stanley. The company was maintained on Wednesday, April 18 by KeyBanc Capital Markets. The rating was upgraded by Deutsche Bank to “Buy” on Monday, January 30. As per Monday, October 5, the company rating was maintained by Deutsche Bank.

Analysts await NextEra Energy, Inc. (NYSE:NEE) to report earnings on July, 25. They expect $1.96 EPS, up 5.38% or $0.10 from last year’s $1.86 per share. NEE’s profit will be $924.02 million for 20.96 P/E if the $1.96 EPS becomes a reality. After $1.94 actual EPS 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 11 sales for $29.29 million activity. Another trade for 2,844 shares valued at $439,881 was sold by Sieving Charles E. 13,890 shares were sold by Nazar Manoochehr K, worth $2.16M. 11,114 shares were sold by Silagy Eric E, worth $1.79 million on Monday, May 14. $1.31M worth of NextEra Energy, Inc. (NYSE:NEE) was sold by Pimentel Armando Jr on Thursday, June 14. ROBO JAMES L sold $2.82 million worth of NextEra Energy, Inc. (NYSE:NEE) on Wednesday, June 6. The insider Arechabala Miguel sold $803,691. 5,133 NextEra Energy, Inc. (NYSE:NEE) shares with value of $809,690 were sold by YEAGER WILLIAM L.

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

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