Manchester Capital Management LLC Has $581,000 Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Manchester Capital Management LLC boosted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 9,093 shares of the utilities provider’s stock after acquiring an additional 407 shares during the period. Manchester Capital Management LLC’s holdings in NextEra Energy were worth $581,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Clear Investment Research LLC boosted its position in shares of NextEra Energy by 387.2% during the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 364 shares in the last quarter. BOK Financial Private Wealth Inc. bought a new position in shares of NextEra Energy during the fourth quarter worth $29,000. American Capital Advisory LLC boosted its position in shares of NextEra Energy by 74.5% during the first quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 205 shares in the last quarter. Stuart Chaussee & Associates Inc. boosted its position in shares of NextEra Energy by 315.4% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 410 shares in the last quarter. Finally, Valued Wealth Advisors LLC bought a new position in shares of NextEra Energy during the fourth quarter worth $34,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NextEra Energy stock traded up $1.40 during trading on Friday, hitting $76.10. 2,029,242 shares of the stock were exchanged, compared to its average volume of 11,672,744. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $80.47. The stock has a market capitalization of $156.35 billion, a price-to-earnings ratio of 20.79, a price-to-earnings-growth ratio of 2.50 and a beta of 0.54. The company has a fifty day moving average price of $74.15 and a 200-day moving average price of $65.16. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12.

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

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a $0.515 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $2.06 dividend on an annualized basis and a yield of 2.71%. NextEra Energy’s dividend payout ratio (DPR) is currently 56.13%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on NEE shares. Citigroup lifted their price target on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. BMO Capital Markets boosted their price objective on shares of NextEra Energy from $78.00 to $79.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Bank of America boosted their price objective on shares of NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, April 23rd. StockNews.com raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Finally, Scotiabank boosted their price objective on shares of NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research report on Monday, April 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and an average target price of $77.50.

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.