Corebridge Financial Inc. Buys 748 Shares of NextEra Energy, Inc. (NYSE:NEE)

Corebridge Financial Inc. increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 495,567 shares of the utilities provider’s stock after acquiring an additional 748 shares during the period. Corebridge Financial Inc.’s holdings in NextEra Energy were worth $35,527,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Burkett Financial Services LLC increased its position in shares of NextEra Energy by 1,229.6% during 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 last quarter. Sugar Maple Asset Management LLC bought a new position in shares of NextEra Energy in the fourth quarter valued at $28,000. Quarry LP acquired a new position in NextEra Energy during the third quarter worth $33,000. Luken Investment Analytics LLC bought a new stake in NextEra Energy during the fourth quarter worth $36,000. Finally, Midwest Capital Advisors LLC acquired a new stake in NextEra Energy in the fourth quarter valued at $44,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

NEE stock opened at $70.92 on Monday. The stock has a market cap of $145.87 billion, a price-to-earnings ratio of 21.04, 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 current ratio of 0.47 and a quick ratio of 0.38. The company has a 50 day simple moving average of $70.62 and a 200 day simple moving average of $75.49. NextEra Energy, Inc. has a 1 year low of $61.30 and a 1 year high of $86.10.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were paid a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.20%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 28th. NextEra Energy’s dividend payout ratio (DPR) is presently 67.06%.

Insider Activity

In related news, CAO James Michael May sold 2,383 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief accounting officer now owns 27,427 shares in the company, valued at $1,867,504.43. This trade represents a 7.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NEE. Jefferies Financial Group lowered their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Morgan Stanley upped their price objective on NextEra Energy from $95.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday. Guggenheim reiterated a “buy” rating and set a $89.00 target price on shares of NextEra Energy in a research note on Thursday. BMO Capital Markets boosted their target price on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Finally, Evercore ISI cut their price target on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a report on Monday, January 27th. Eight equities 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 stock has a consensus rating of “Hold” and an average price target of $85.92.

NextEra Energy Company 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.