Sit Investment Associates Inc. Buys 38,512 Shares of NextEra Energy, Inc. $NEE

Key Points

• Sit Investment Associates Inc. increased its NextEra Energy stake by 45.9% in the fourth quarter, buying 38,512 additional shares and bringing its total holdings to 122,332 shares valued at about $9.82 million.
• Several analysts turned more bullish on NextEra Energy, including Bernstein’s upgrade to strong-buy and UBS’s initiation with a Buy rating, citing merger synergies, data-center demand, and clean-energy growth potential.
• NextEra reported Q1 earnings of $1.09 per share, beating estimates, and continues to support investors with a quarterly dividend of $0.6232 per share, implying a 2.9% annual yield.

Sit Investment Associates Inc. boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 45.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 122,332 shares of the utilities provider's stock after acquiring an additional 38,512 shares during the period. Sit Investment Associates Inc.'s holdings in NextEra Energy were worth $9,821,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in NEE. Brighton Jones LLC raised its stake in NextEra Energy by 7.0% during the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock valued at $2,028,000 after purchasing an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in NextEra Energy by 6.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock valued at $348,000 after purchasing an additional 298 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of NextEra Energy by 38.4% in the 1st quarter. Acadian Asset Management LLC now owns 12,542 shares of the utilities provider's stock worth $887,000 after buying an additional 3,479 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in shares of NextEra Energy by 18.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,563 shares of the utilities provider's stock worth $386,000 after buying an additional 852 shares during the last quarter. Finally, United Bank increased its holdings in shares of NextEra Energy by 2.9% in the 2nd quarter. United Bank now owns 15,596 shares of the utilities provider's stock worth $1,083,000 after buying an additional 444 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy News Summary

Here are the key news stories impacting NextEra Energy this week:

• Positive Sentiment: Bernstein upgraded NextEra Energy (NEE) to strong-buy, reinforcing bullish sentiment around the utility’s growth prospects and valuation. Zacks.com
• Positive Sentiment: UBS analyst William Appicelli initiated coverage on NextEra Energy with a Buy rating, citing Dominion merger synergies and data-center-driven growth upside. Article
• Positive Sentiment: Several articles highlight NextEra’s clean-energy push, renewables backlog, stable cash flows, and improving return on equity, which could support longer-term earnings growth. Article
• Neutral Sentiment: Market commentary says NextEra may be undervalued on its Dominion/data-center story, but the stock has also seen recent weakness over the past month and quarter. Article
• Neutral Sentiment: Broader utility-stock coverage and commentary continue to frame NextEra as a defensive income play with stable cash flows, supporting investor interest without a major new catalyst. Article

NextEra Energy Stock Performance

Shares of NYSE:NEE opened at $86.67 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.44 and a debt-to-equity ratio of 1.41. NextEra Energy, Inc. has a 12 month low of $67.20 and a 12 month high of $98.75. The company has a market capitalization of $180.73 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 2.51 and a beta of 0.68. The firm's 50-day moving average is $90.39 and its 200 day moving average is $88.29.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.06. The business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.43 billion. NextEra Energy had a net margin of 29.36% and a return on equity of 12.25%. The firm's quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.99 earnings per share. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. Research analysts predict that NextEra Energy, Inc. will post 4.01 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, June 5th were issued a $0.6232 dividend. This represents a $2.49 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Friday, June 5th. NextEra Energy's dividend payout ratio is presently 63.36%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NEE. Wells Fargo & Company set a $102.00 target price on shares of NextEra Energy and gave the company an "overweight" rating in a research report on Friday, April 24th. Scotiabank boosted their price objective on NextEra Energy from $102.00 to $110.00 and gave the stock a "sector perform" rating in a research note on Friday, April 24th. DA Davidson upped their price objective on NextEra Energy from $95.00 to $105.00 and gave the company a "buy" rating in a research report on Tuesday, May 5th. UBS Group raised their price objective on NextEra Energy from $91.00 to $104.00 and gave the company a "buy" rating in a research note on Thursday, March 5th. Finally, Barclays set a $90.00 target price on NextEra Energy and gave the stock an "equal weight" rating in a report on Tuesday, May 26th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $99.57.

NextEra Energy Profile

NextEra Energy, Inc NYSE: NEE, headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company's principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra's activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.