NextEra Energy, Inc. (NYSE:NEE) Announces $0.52 Quarterly Dividend

NextEra Energy, Inc. (NYSE:NEE) declared a quarterly dividend on Friday, October 18th, RTT News reports. Stockholders of record on Friday, November 22nd will be paid a dividend of 0.515 per share by the utilities provider on Monday, December 16th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.44%.

NextEra Energy has raised its dividend by an average of 10.1% annually over the last three years and has increased its dividend every year for the last 30 years. NextEra Energy has a dividend payout ratio of 56.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect NextEra Energy to earn $3.67 per share next year, which means the company should continue to be able to cover its $2.06 annual dividend with an expected future payout ratio of 56.1%.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $84.38 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49. The business’s fifty day moving average price is $81.81 and its two-hundred day moving average price is $75.52. The stock has a market cap of $173.36 billion, a PE ratio of 22.99, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56. NextEra Energy has a one year low of $50.95 and a one year high of $86.10.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The firm had revenue of $6.07 billion during the quarter, compared to analysts’ expectations of $7.29 billion. During the same quarter last year, the business posted $0.88 EPS. On average, analysts forecast that NextEra Energy will post 3.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NEE has been the subject of several recent analyst reports. Morgan Stanley lifted their target price on shares of NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Jefferies Financial Group started coverage on NextEra Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $87.00 price objective for the company. Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Barclays upped their price objective on shares of NextEra Energy from $76.00 to $80.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 1st. Finally, Citigroup raised their target price 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. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $83.64.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the transaction, the executive vice president now owns 100 shares in the company, valued at $7,697. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.18% of the company’s stock.

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.