KG&L Capital Management LLC Has $433,000 Position in NextEra Energy, Inc. (NYSE:NEE)

KG&L Capital Management LLC lowered its position in NextEra Energy, Inc. (NYSE:NEE) by 19.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,127 shares of the utilities provider’s stock after selling 1,200 shares during the quarter. KG&L Capital Management LLC’s holdings in NextEra Energy were worth $433,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Tandem Capital Management Corp ADV raised its stake in NextEra Energy by 1.3% in the third quarter. Tandem Capital Management Corp ADV now owns 9,935 shares of the utilities provider’s stock valued at $840,000 after purchasing an additional 125 shares in the last quarter. Insight Folios Inc raised its stake in shares of NextEra Energy by 1.5% during the third quarter. Insight Folios Inc now owns 8,439 shares of the utilities provider’s stock worth $713,000 after acquiring an additional 126 shares in the last quarter. Taylor & Morgan Wealth Management LLC raised its stake in shares of NextEra Energy by 1.7% during the third quarter. Taylor & Morgan Wealth Management LLC now owns 7,744 shares of the utilities provider’s stock worth $655,000 after acquiring an additional 126 shares in the last quarter. Osborne Partners Capital Management LLC raised its stake in shares of NextEra Energy by 1.2% during the third quarter. Osborne Partners Capital Management LLC now owns 10,724 shares of the utilities provider’s stock worth $906,000 after acquiring an additional 128 shares in the last quarter. Finally, Boston Trust Walden Corp raised its stake in shares of NextEra Energy by 0.4% during the third quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider’s stock worth $2,597,000 after acquiring an additional 130 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company lifted their price target on shares of NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 3rd. Guggenheim lifted their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Barclays lifted their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Finally, Bank of America lifted their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $86.54.

NextEra Energy Stock Performance

NYSE:NEE opened at $78.37 on Tuesday. The stock has a market cap of $161.16 billion, a P/E ratio of 23.19, a price-to-earnings-growth ratio of 2.86 and a beta of 0.57. The firm’s fifty day simple moving average is $82.34 and its 200 day simple moving average is $76.97. NextEra Energy, Inc. has a twelve month low of $53.81 and a twelve month high of $86.10. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11.

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

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is presently 60.95%.

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.