Sit Investment Associates Inc. Has $7.22 Million Holdings in NextEra Energy, Inc. (NYSE:NEE)

Sit Investment Associates Inc. lowered its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 34.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 100,763 shares of the utilities provider's stock after selling 52,426 shares during the quarter. Sit Investment Associates Inc.'s holdings in NextEra Energy were worth $7,224,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NEE. Burkett Financial Services LLC boosted its stake in NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider's stock worth $26,000 after purchasing an additional 332 shares during the period. Sugar Maple Asset Management LLC acquired a new position in shares of NextEra Energy during the fourth quarter worth about $28,000. Quarry LP acquired a new position in shares of NextEra Energy during the third quarter worth about $33,000. WealthTrak Capital Management LLC bought a new position in shares of NextEra Energy during the fourth quarter worth about $33,000. Finally, Luken Investment Analytics LLC acquired a new stake in NextEra Energy in the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Stock Performance

NEE traded down $0.69 on Friday, reaching $66.03. The company had a trading volume of 4,110,502 shares, compared to its average volume of 10,786,278. The stock has a market cap of $135.93 billion, a P/E ratio of 19.57, a P/E/G ratio of 2.45 and a beta of 0.58. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. NextEra Energy, Inc. has a fifty-two week low of $61.31 and a fifty-two week high of $86.10. The company's fifty day moving average is $69.98 and its 200 day moving average is $73.98.

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NextEra Energy (NYSE:NEE - Get Free Report) last posted its earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. As a group, analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from NextEra Energy's previous quarterly dividend of $0.52. NextEra Energy's payout ratio is presently 67.06%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on NEE shares. BMO Capital Markets upped their price target on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Jefferies Financial Group decreased their target price on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Morgan Stanley lifted their price target on shares of NextEra Energy from $95.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday, March 20th. Guggenheim restated a "buy" rating and set a $89.00 price objective on shares of NextEra Energy in a research note on Thursday, March 20th. Finally, JPMorgan Chase & Co. raised their price objective on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $85.92.

Insider Activity at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total value of $162,258.47. Following the completion of the sale, the chief accounting officer now owns 27,427 shares of the company's stock, valued at $1,867,504.43. The trade was a 7.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.18% of the stock is currently owned by corporate insiders.

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.