Koshinski Asset Management Inc. Has $1.64 Million Position in NextEra Energy, Inc. (NYSE:NEE)

Koshinski Asset Management Inc. lessened its stake in NextEra Energy, Inc. (NYSE:NEE) by 7.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,846 shares of the utilities provider’s stock after selling 1,785 shares during the quarter. Koshinski Asset Management Inc.’s holdings in NextEra Energy were worth $1,638,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its stake in NextEra Energy by 107.7% in the second quarter. EverSource Wealth Advisors LLC now owns 8,378 shares of the utilities provider’s stock valued at $640,000 after purchasing an additional 4,344 shares in the last quarter. Evergreen Capital Management LLC grew its stake in shares of NextEra Energy by 15.0% in the 2nd quarter. Evergreen Capital Management LLC now owns 22,757 shares of the utilities provider’s stock valued at $1,611,000 after buying an additional 2,973 shares in the last quarter. Interval Partners LP acquired a new position in NextEra Energy in the second quarter worth approximately $1,668,000. Sagefield Capital LP lifted its stake in NextEra Energy by 149.5% in the second quarter. Sagefield Capital LP now owns 114,104 shares of the utilities provider’s stock valued at $8,080,000 after acquiring an additional 68,372 shares during the last quarter. Finally, Marshall Wace LLP grew its position in NextEra Energy by 1,337.2% in the second quarter. Marshall Wace LLP now owns 131,866 shares of the utilities provider’s stock worth $9,337,000 after acquiring an additional 122,691 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Activity

In other news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the transaction, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is currently owned by company insiders.

NextEra Energy Stock Up 0.1 %

Shares of NEE opened at $70.85 on Wednesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The company has a 50-day simple moving average of $73.40 and a 200-day simple moving average of $77.24. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10. The firm has a market capitalization of $145.70 billion, a P/E ratio of 20.96, a P/E/G ratio of 2.38 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The firm had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. During the same quarter in the prior year, the firm posted $0.94 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities research analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NEE. Dbs Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Morgan Stanley decreased their price target on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. Barclays increased their price objective on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Scotiabank boosted their target price on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Finally, Guggenheim increased their price target on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $87.15.

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.