NextEra Energy, Inc. (NEE) to Issue Quarterly Dividend of $0.62 on March 16th

NextEra Energy, Inc. (NYSE:NEE) declared a quarterly dividend on Friday, February 13th. Shareholders of record on Friday, February 27th will be paid a dividend of 0.6232 per share by the utilities provider on Monday, March 16th. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Friday, February 27th. This is a 10.0% increase from NextEra Energy’s previous quarterly dividend of $0.57.

NextEra Energy has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 31 years. NextEra Energy has a dividend payout ratio of 62.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect NextEra Energy to earn $3.96 per share next year, which means the company should continue to be able to cover its $2.49 annual dividend with an expected future payout ratio of 62.9%.

NextEra Energy Stock Down 0.4%

NextEra Energy stock traded down $0.40 during midday trading on Wednesday, hitting $95.28. 3,760,010 shares of the stock were exchanged, compared to its average volume of 9,303,373. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.60 and a quick ratio of 0.49. NextEra Energy has a 1 year low of $61.72 and a 1 year high of $95.91. The company has a 50 day moving average price of $85.29 and a two-hundred day moving average price of $81.32. The firm has a market cap of $198.52 billion, a P/E ratio of 28.95, a P/E/G ratio of 2.91 and a beta of 0.76.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. The company had revenue of $6.50 billion during the quarter, compared to analyst estimates of $7.07 billion. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The firm’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period last year, the business earned $0.53 EPS. On average, sell-side analysts predict that NextEra Energy will post 3.68 earnings per share for the current fiscal year.

Analyst Ratings Changes

NEE has been the subject of a number of research analyst reports. The Goldman Sachs Group increased their price target on shares of NextEra Energy from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Mizuho set a $90.00 price target on shares of NextEra Energy and gave the company a “neutral” rating in a report on Wednesday, January 28th. Wolfe Research raised their price objective on shares of NextEra Energy from $87.00 to $94.00 and gave the stock an “outperform” rating in a research note on Monday, December 1st. Erste Group Bank upgraded NextEra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, February 18th. Finally, Citigroup reaffirmed a “buy” rating and set a $96.00 price objective (up from $84.00) on shares of NextEra Energy in a report on Wednesday, October 29th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $93.05.

NextEra Energy Company Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.