TIAA CREF Investment Management LLC Has $376.37 Million Stake in Northern Vertex Mining Corp (NEE)

TIAA CREF Investment Management LLC lessened its stake in Northern Vertex Mining Corp (NYSE:NEE) by 7.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,685,857 shares of the company’s stock after selling 216,839 shares during the quarter. TIAA CREF Investment Management LLC owned about 0.57% of Northern Vertex Mining Corp worth $376,369,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Teachers Advisors LLC raised its position in shares of Northern Vertex Mining Corp by 4.4% during the 2nd quarter. Teachers Advisors LLC now owns 1,824,206 shares of the company’s stock valued at $255,626,000 after acquiring an additional 76,961 shares in the last quarter. Capital Wealth Planning LLC raised its position in shares of Northern Vertex Mining Corp by 4.0% during the 2nd quarter. Capital Wealth Planning LLC now owns 2,705 shares of the company’s stock valued at $379,000 after acquiring an additional 105 shares in the last quarter. Raymond James Trust N.A. raised its position in shares of Northern Vertex Mining Corp by 2.0% during the 2nd quarter. Raymond James Trust N.A. now owns 43,135 shares of the company’s stock valued at $6,045,000 after acquiring an additional 859 shares in the last quarter. Stephens Inc. AR raised its position in shares of Northern Vertex Mining Corp by 9.9% during the 2nd quarter. Stephens Inc. AR now owns 35,007 shares of the company’s stock valued at $4,906,000 after acquiring an additional 3,147 shares in the last quarter. Finally, Summit Global Investments acquired a new stake in shares of Northern Vertex Mining Corp during the 2nd quarter valued at approximately $573,000.

A number of research analysts recently commented on NEE shares. Bank of America Corporation started coverage on Northern Vertex Mining Corp in a research note on Tuesday, October 24th. They set a “buy” rating and a $166.00 price objective for the company. Royal Bank Of Canada restated a “buy” rating and set a $156.00 price objective on shares of Northern Vertex Mining Corp in a research note on Tuesday, November 7th. Zacks Investment Research downgraded Northern Vertex Mining Corp from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. KeyCorp restated a “buy” rating and set a $155.00 price objective on shares of Northern Vertex Mining Corp in a research note on Friday, September 1st. Finally, J P Morgan Chase & Co set a $169.00 price objective on Northern Vertex Mining Corp and gave the stock a “hold” rating in a research note on Thursday, October 12th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Northern Vertex Mining Corp currently has a consensus rating of “Buy” and a consensus target price of C$155.38.

Shares of Northern Vertex Mining Corp (NYSE NEE) traded down C$0.09 during midday trading on Friday, hitting C$155.16. The stock had a trading volume of 1,290,000 shares, compared to its average volume of 1,500,000. Northern Vertex Mining Corp has a twelve month low of C$110.49 and a twelve month high of C$156.80.

Northern Vertex Mining Corp (NYSE:NEE) last announced its earnings results on Thursday, October 26th. The company reported C$1.85 EPS for the quarter, beating the consensus estimate of C$1.77 by C$0.08. The business had revenue of C$4.81 billion during the quarter, compared to the consensus estimate of C$4.89 billion. Northern Vertex Mining Corp had a return on equity of 12.37% and a net margin of 18.26%. Northern Vertex Mining Corp’s revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.74 earnings per share.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be paid a $0.9825 dividend. This represents a $3.93 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend is Wednesday, November 22nd.

In related news, EVP Joseph T. Kelliher sold 2,000 shares of the stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of C$150.00, for a total value of C$300,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John W. Ketchum sold 2,900 shares of the stock in a transaction dated Monday, September 18th. The stock was sold at an average price of C$150.00, for a total value of C$435,000.00. Following the completion of the sale, the executive vice president now directly owns 18,786 shares of the company’s stock, valued at C$2,817,900. The disclosure for this sale can be found here. Over the last three months, insiders sold 65,385 shares of company stock valued at $9,748,482.

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Northern Vertex Mining Corp Company Profile

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.

Institutional Ownership by Quarter for Northern Vertex Mining Corp (NYSE:NEE)

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