Koshinski Asset Management Inc. Sells 13,984 Shares of NextEra Energy, Inc. (NYSE:NEE)

Koshinski Asset Management Inc. reduced its holdings in shares of NextEra Energy, Inc. (NYSE:NEEFree Report) by 68.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,542 shares of the utilities provider’s stock after selling 13,984 shares during the quarter. Koshinski Asset Management Inc.’s holdings in NextEra Energy were worth $397,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Avitas Wealth Management LLC raised its position in NextEra Energy by 2.9% in the fourth quarter. Avitas Wealth Management LLC now owns 37,843 shares of the utilities provider’s stock valued at $2,299,000 after purchasing an additional 1,057 shares during the last quarter. Stiles Financial Services Inc raised its position in NextEra Energy by 9.0% in the fourth quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock valued at $2,137,000 after purchasing an additional 2,899 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its position in shares of NextEra Energy by 1.7% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 383,932 shares of the utilities provider’s stock worth $21,995,000 after acquiring an additional 6,325 shares during the last quarter. Asio Capital LLC bought a new position in shares of NextEra Energy during the fourth quarter worth about $2,701,000. Finally, Robertson Stephens Wealth Management LLC raised its position in shares of NextEra Energy by 7.3% during the third quarter. Robertson Stephens Wealth Management LLC now owns 17,714 shares of the utilities provider’s stock worth $1,015,000 after acquiring an additional 1,211 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $63.08 on Monday. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $79.78. The stock has a fifty day moving average of $59.19 and a 200-day moving average of $58.28. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.47 and a current ratio of 0.55. The stock has a market cap of $129.47 billion, a PE ratio of 17.47, a price-to-earnings-growth ratio of 2.27 and a beta of 0.51.

NextEra Energy (NYSE:NEEGet Free Report) last posted its earnings results on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. The business had revenue of $6.88 billion during the quarter, compared to analysts’ expectations of $5.72 billion. During the same period in the previous year, the business earned $0.51 earnings per share. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 3.27%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 26th. NextEra Energy’s payout ratio is presently 57.06%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company raised their price objective on NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. Royal Bank of Canada restated an “outperform” rating and set a $74.00 price objective on shares of NextEra Energy in a research report on Tuesday, January 30th. StockNews.com downgraded NextEra Energy from a “hold” rating to a “sell” rating in a research report on Monday, February 19th. Guggenheim raised their target price on NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, January 22nd. Finally, Mizuho reaffirmed a “buy” rating and set a $67.00 target price (up previously from $65.00) on shares of NextEra Energy in a research note on Friday, March 15th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and an average price target of $72.00.

Check Out Our Latest Stock Analysis on NEE

NextEra Energy Company Profile

(Free Report)

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.

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

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