Koshinski Asset Management Inc. Has $1.70 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Koshinski Asset Management Inc. increased its stake in NextEra Energy, Inc. (NYSE:NEE) by 305.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,546 shares of the utilities provider’s stock after purchasing an additional 20,004 shares during the quarter. Koshinski Asset Management Inc.’s holdings in NextEra Energy were worth $1,697,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Barings LLC acquired a new stake in NextEra Energy during the 1st quarter valued at $232,000. Schneider Downs Wealth Management Advisors LP purchased a new position in shares of NextEra Energy during the first quarter valued at $262,000. Motley Fool Asset Management LLC raised its position in NextEra Energy by 283.7% during the first quarter. Motley Fool Asset Management LLC now owns 215,648 shares of the utilities provider’s stock valued at $13,782,000 after buying an additional 159,446 shares during the period. Sheets Smith Wealth Management purchased a new stake in NextEra Energy in the 1st quarter worth about $421,000. Finally, Financial & Tax Architects LLC boosted its position in NextEra Energy by 11.4% during the 1st quarter. Financial & Tax Architects LLC now owns 96,587 shares of the utilities provider’s stock worth $6,173,000 after acquiring an additional 9,908 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on NEE shares. JPMorgan Chase & Co. increased their price target on shares of NextEra Energy from $76.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, June 20th. Bank of America increased their target price on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 23rd. Scotiabank boosted their price target on shares of NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a report on Monday, April 22nd. Morgan Stanley increased their price objective on NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. Finally, Citigroup boosted their target price on NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average price target of $77.79.

NextEra Energy Stock Performance

Shares of NYSE:NEE traded up $1.08 during trading on Thursday, reaching $71.98. The stock had a trading volume of 3,284,098 shares, compared to its average volume of 11,725,268. The stock has a fifty day simple moving average of $74.23 and a two-hundred day simple moving average of $65.53. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.12. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $80.47. The firm has a market capitalization of $147.89 billion, a price-to-earnings ratio of 19.51, a P/E/G ratio of 2.46 and a beta of 0.54.

NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The firm had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter last year, the firm posted $0.84 EPS. The business’s quarterly revenue was down 14.7% on a year-over-year basis. As a group, analysts anticipate that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend was Monday, June 3rd. NextEra Energy’s dividend payout ratio (DPR) is currently 56.13%.

NextEra Energy 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,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.