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 2.67%. The ex-dividend date is Friday, November 22nd.

NextEra Energy has increased its dividend by an average of 10.1% annually over the last three years and has raised its dividend annually for the last 30 consecutive years. NextEra Energy has a dividend payout ratio of 55.8% indicating that 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 Stock Performance

Shares of NEE stock opened at $77.08 on Wednesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The firm has a market capitalization of $158.51 billion, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 2.76 and a beta of 0.57. NextEra Energy has a one year low of $53.95 and a one year high of $86.10. The company has a 50 day moving average price of $81.33 and a 200 day moving average price of $77.65.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. The business had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.94 EPS. Sell-side analysts anticipate that NextEra Energy will post 3.41 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on NEE shares. Wells Fargo & Company boosted their target price on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a report on Tuesday, September 3rd. Dbs Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. JPMorgan Chase & Co. increased their target price on shares of NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Royal Bank of Canada lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Finally, Scotiabank boosted their price target 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. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $86.54.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the sale, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.