NextEra Energy Inc (NYSE:NEE) declared a quarterly dividend on Friday, February 16th, RTT News reports. Stockholders of record on Tuesday, February 27th will be paid a dividend of 1.11 per share by the utilities provider on Thursday, March 15th. This represents a $4.44 dividend on an annualized basis and a dividend yield of 2.85%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.98.
NextEra Energy has increased its dividend payment by an average of 21.8% annually over the last three years and has increased its dividend every year for the last 8 years. NextEra Energy has a dividend payout ratio of 58.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect NextEra Energy to earn $8.21 per share next year, which means the company should continue to be able to cover its $3.93 annual dividend with an expected future payout ratio of 47.9%.
NextEra Energy (NEE) opened at $156.05 on Friday. NextEra Energy has a 12 month low of $125.96 and a 12 month high of $159.64. The stock has a market capitalization of $72,643.50, a PE ratio of 13.70, a PEG ratio of 2.55 and a beta of 0.28. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.52 and a current ratio of 0.64.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, January 26th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.06). NextEra Energy had a net margin of 31.28% and a return on equity of 11.50%. The company had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $4.18 billion. During the same period last year, the business posted $1.21 earnings per share. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. sell-side analysts anticipate that NextEra Energy will post 7.68 EPS for the current fiscal year.
In related news, CEO Armando Pimentel, Jr. sold 42,372 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $157.45, for a total value of $6,671,471.40. Following the sale, the chief executive officer now directly owns 121,958 shares of the company’s stock, valued at $19,202,287.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Armando Pimentel, Jr. sold 9,250 shares of NextEra Energy stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $151.83, for a total value of $1,404,427.50. The disclosure for this sale can be found here. 0.53% of the stock is owned by company insiders.
NEE has been the topic of a number of recent research reports. Morgan Stanley raised their price objective on NextEra Energy from $173.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, December 13th. Argus reaffirmed a “buy” rating and set a $173.00 price objective on shares of NextEra Energy in a research note on Tuesday, December 5th. They noted that the move was a valuation call. UBS Group initiated coverage on NextEra Energy in a research note on Friday, February 2nd. They set a “buy” rating and a $177.00 price objective on the stock. Royal Bank of Canada reaffirmed a “buy” rating and set a $156.00 price objective on shares of NextEra Energy in a research note on Tuesday, November 7th. Finally, Guggenheim reaffirmed a “buy” rating and set a $182.00 price objective on shares of NextEra Energy in a research note on Friday, January 26th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. NextEra Energy has a consensus rating of “Buy” and an average target price of $161.38.
NextEra Energy Company Profile
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.
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