Koshinski Asset Management Inc. Has $1.52 Million Stake in NextEra Energy, Inc. $NEE

Koshinski Asset Management Inc. lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,834 shares of the utilities provider’s stock after acquiring an additional 971 shares during the period. Koshinski Asset Management Inc.’s holdings in NextEra Energy were worth $1,516,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Arkfeld Wealth Strategies L.L.C. boosted its position in shares of NextEra Energy by 0.9% during the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider’s stock worth $1,140,000 after purchasing an additional 136 shares in the last quarter. Pine Haven Investment Counsel Inc raised its stake in NextEra Energy by 2.3% during the 2nd quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider’s stock worth $441,000 after buying an additional 140 shares during the period. McKinley Carter Wealth Services Inc. grew its stake in NextEra Energy by 0.4% in the second quarter. McKinley Carter Wealth Services Inc. now owns 33,925 shares of the utilities provider’s stock valued at $2,355,000 after acquiring an additional 142 shares during the period. Tradition Wealth Management LLC grew its stake in NextEra Energy by 2.2% in the first quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider’s stock valued at $470,000 after acquiring an additional 143 shares during the period. Finally, Tandem Capital Management Corp ADV increased its holdings in shares of NextEra Energy by 1.5% during the second quarter. Tandem Capital Management Corp ADV now owns 9,965 shares of the utilities provider’s stock valued at $692,000 after acquiring an additional 145 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Treasurer James Michael May sold 2,177 shares of the company’s stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the sale, the treasurer directly owned 27,662 shares in the company, valued at $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Mark Lemasney sold 846 shares of the stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of the sale, the executive vice president directly owned 9,267 shares in the company, valued at approximately $694,098.30. The trade was a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,705 shares of company stock worth $2,446,490 in the last 90 days. 0.20% of the stock is currently owned by company insiders.

NextEra Energy Stock Down 0.7%

NextEra Energy stock opened at $84.48 on Friday. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.74. The stock has a market cap of $173.97 billion, a PE ratio of 29.54, a price-to-earnings-growth ratio of 2.85 and a beta of 0.66. The firm’s 50-day simple moving average is $75.54 and its 200 day simple moving average is $72.24. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. The firm had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The business’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 EPS. Research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were issued a $0.5665 dividend. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $2.27 annualized dividend and a yield of 2.7%. NextEra Energy’s dividend payout ratio (DPR) is 79.37%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Evercore ISI set a $92.00 price target on shares of NextEra Energy and gave the company an “outperform” rating in a research report on Monday, October 6th. Cowen started coverage on shares of NextEra Energy in a report on Wednesday. They set a “buy” rating for the company. BMO Capital Markets upped their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. New Street Research set a $84.00 price target on shares of NextEra Energy in a research report on Monday, October 13th. Finally, HSBC decreased their price objective on NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a report on Friday, July 11th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, NextEra Energy currently has an average rating of “Moderate Buy” and a consensus price target of $86.40.

About NextEra Energy

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.