NextEra Energy (NYSE:NEE) declared a quarterly dividend on Thursday, May 24th, RTT News reports. Stockholders of record on Tuesday, June 5th will be paid a dividend of 1.11 per share by the utilities provider on Friday, June 15th. This represents a $4.44 dividend on an annualized basis and a dividend yield of 2.75%.
NextEra Energy has raised its dividend by an average of 21.8% annually over the last three years and has increased its dividend annually for the last 8 consecutive years. NextEra Energy has a payout ratio of 58.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect NextEra Energy to earn $8.31 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 47.3%.
Shares of NextEra Energy traded up $0.92, reaching $161.20, during mid-day trading on Thursday, according to Marketbeat. 1,600,200 shares of the company’s stock were exchanged, compared to its average volume of 2,132,297. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.59 and a quick ratio of 0.46. NextEra Energy has a 52-week low of $138.00 and a 52-week high of $165.15. The stock has a market cap of $75.06 billion, a price-to-earnings ratio of 24.06, a price-to-earnings-growth ratio of 2.57 and a beta of 0.23.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, April 24th. The utilities provider reported $1.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.16. The business had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $4.15 billion. NextEra Energy had a net margin of 48.13% and a return on equity of 10.91%. The company’s revenue was down 2.7% on a year-over-year basis. During the same period last year, the company posted $1.75 EPS. equities analysts expect that NextEra Energy will post 7.75 earnings per share for the current fiscal year.
Several research firms have commented on NEE. ValuEngine cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Thursday, May 17th. Morgan Stanley lowered their target price on shares of NextEra Energy from $172.00 to $165.00 and set an “overweight” rating for the company in a research note on Tuesday, February 13th. JPMorgan Chase & Co. lifted their target price on shares of NextEra Energy from $167.00 to $170.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 10th. Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $172.00 target price for the company in a research note on Wednesday, February 21st. Finally, KeyCorp lifted their target price on shares of NextEra Energy from $165.00 to $168.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 18th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $168.92.
In other news, Director Eric E. Silagy sold 11,114 shares of the business’s stock in a transaction on Monday, May 14th. The shares were sold at an average price of $160.82, for a total transaction of $1,787,353.48. Following the completion of the sale, the director now directly owns 25,898 shares of the company’s stock, valued at approximately $4,164,916.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Miguel Arechabala sold 5,093 shares of the business’s stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $157.80, for a total transaction of $803,675.40. The disclosure for this sale can be found here. Insiders have sold a total of 142,754 shares of company stock valued at $22,504,957 over the last three months. Corporate insiders own 0.55% 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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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