Koshinski Asset Management Inc. Boosts Position in NextEra Energy Inc (NYSE:NEE)

Koshinski Asset Management Inc. lifted its stake in shares of NextEra Energy Inc (NYSE:NEE) by 2.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,713 shares of the utilities provider’s stock after acquiring an additional 87 shares during the period. Koshinski Asset Management Inc.’s holdings in NextEra Energy were worth $892,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Redpoint Investment Management Pty Ltd lifted its stake in NextEra Energy by 7.0% during the second quarter. Redpoint Investment Management Pty Ltd now owns 39,431 shares of the utilities provider’s stock worth $9,470,000 after purchasing an additional 2,567 shares during the last quarter. Rafferty Asset Management LLC lifted its stake in NextEra Energy by 73.5% in the first quarter. Rafferty Asset Management LLC now owns 8,323 shares of the utilities provider’s stock valued at $2,003,000 after buying an additional 3,525 shares during the last quarter. Acorn Financial Advisory Services Inc. ADV lifted its stake in NextEra Energy by 14.1% in the second quarter. Acorn Financial Advisory Services Inc. ADV now owns 1,373 shares of the utilities provider’s stock valued at $330,000 after buying an additional 170 shares during the last quarter. Moody Lynn & Lieberson LLC lifted its stake in NextEra Energy by 3.2% in the second quarter. Moody Lynn & Lieberson LLC now owns 3,602 shares of the utilities provider’s stock valued at $865,000 after buying an additional 110 shares during the last quarter. Finally, Larson Financial Group LLC lifted its stake in NextEra Energy by 35.4% in the second quarter. Larson Financial Group LLC now owns 478 shares of the utilities provider’s stock valued at $115,000 after buying an additional 125 shares during the last quarter. 77.00% of the stock is owned by hedge funds and other institutional investors.

Shares of NEE stock opened at $280.70 on Friday. The business’s fifty day moving average price is $256.40 and its 200 day moving average price is $248.73. NextEra Energy Inc has a 1-year low of $174.80 and a 1-year high of $285.63. The firm has a market capitalization of $138.25 billion, a PE ratio of 38.72, a P/E/G ratio of 3.88 and a beta of 0.21. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.61 and a quick ratio of 0.50.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, July 24th. The utilities provider reported $2.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.50 by $0.11. NextEra Energy had a return on equity of 10.55% and a net margin of 18.71%. The firm had revenue of $4.20 billion for the quarter, compared to analyst estimates of $5.32 billion. During the same quarter in the prior year, the company posted $2.35 earnings per share. NextEra Energy’s quarterly revenue was down 15.4% on a year-over-year basis. Equities research analysts expect that NextEra Energy Inc will post 9.12 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 28th will be issued a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Thursday, August 27th. NextEra Energy’s dividend payout ratio is presently 66.91%.

A number of equities research analysts have weighed in on the company. Morgan Stanley boosted their price objective on NextEra Energy from $240.00 to $246.00 and gave the company an “equal weight” rating in a research note on Friday, July 17th. UBS Group reduced their price objective on NextEra Energy from $296.00 to $290.00 and set a “buy” rating for the company in a research note on Monday, June 22nd. Vertical Research upgraded NextEra Energy from a “sell” rating to a “hold” rating and set a $265.00 price objective for the company in a research note on Monday, July 27th. Finally, Credit Suisse Group boosted their price objective on NextEra Energy from $252.00 to $265.00 and gave the company a “neutral” rating in a research note on Wednesday, July 22nd. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $258.00.

In other NextEra Energy news, CEO James L. Robo sold 20,000 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $248.02, for a total value of $4,960,400.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Treasurer Paul I. Cutler sold 8,772 shares of the company’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $285.00, for a total value of $2,500,020.00. Following the completion of the sale, the treasurer now directly owns 86,839 shares in the company, valued at approximately $24,749,115. The disclosure for this sale can be found here. Insiders have sold 39,082 shares of company stock worth $9,968,924 in the last ninety days. 0.40% of the stock is currently owned by corporate insiders.

NextEra Energy Company Profile

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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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