NextEra Energy, Inc. (NEE) to Issue Quarterly Dividend of $0.52 on December 16th

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

NextEra Energy has increased its dividend payment by an average of 10.1% annually over the last three years and has raised its dividend every year for the last 30 years. NextEra Energy has a dividend payout ratio of 56.0% meaning its dividend is sufficiently covered by earnings. 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

NEE stock opened at $84.38 on Friday. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $173.36 billion, a P/E ratio of 22.99, a PEG ratio of 2.92 and a beta of 0.56. The business has a 50 day simple moving average of $81.81 and a 200-day simple moving average of $75.52. NextEra Energy has a twelve month low of $50.95 and a twelve month high of $86.10.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. The firm had revenue of $6.07 billion during the quarter, compared to analysts’ expectations of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same quarter in the prior year, the business earned $0.88 EPS. As a group, equities analysts anticipate that NextEra Energy will post 3.4 EPS for the current year.

Analyst Ratings Changes

Several analysts have commented on the company. Jefferies Financial Group initiated coverage on NextEra Energy in a research note on Thursday, September 19th. They set a “hold” rating and a $87.00 price objective for the company. Barclays upped their price target on NextEra Energy from $76.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 1st. Wells Fargo & Company lifted their price objective on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research report on Tuesday, September 3rd. Scotiabank upped their price objective on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Finally, BMO Capital Markets lifted their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, NextEra Energy has an average rating of “Hold” and a consensus target price of $83.64.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of the firm’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 directly owns 100 shares of the company’s stock, valued at $7,697. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.18% of the company’s stock.

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.