NextEra Energy, Inc. (NEE) to Issue Quarterly Dividend of $0.62 on December 15th

NextEra Energy, Inc. (NYSE:NEE) declared a quarterly dividend on Thursday, October 22nd. Investors of record on Friday, November 27th will be paid a dividend of $0.6232 per share by the utilities provider on Tuesday, December 15th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, November 27th.

NextEra Energy has increased its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 31 consecutive years. NextEra Energy has a payout ratio of 62.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect NextEra Energy to earn $4.38 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 56.8%.

NextEra Energy Price Performance

NEE opened at $82.15 on Friday. NextEra Energy has a 12-month low of $74.41 and a 12-month high of $98.75. The firm has a market capitalization of $172.29 billion, a P/E ratio of 14.80, a PEG ratio of 2.54 and a beta of 0.64. The company has a quick ratio of 0.44, a current ratio of 0.53 and a debt-to-equity ratio of 1.33. The stock has a fifty day moving average of $80.55 and a 200-day moving average of $86.17.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, October 21st. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.04. The business had revenue of $8.09 billion during the quarter, compared to analyst estimates of $8.47 billion. NextEra Energy had a net margin of 40.37% and a return on equity of 12.27%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.13 earnings per share. Equities analysts forecast that NextEra Energy will post 4.00 EPS for the current fiscal year.

Analysts Set New Price Targets

NEE has been the subject of several recent research reports. BTIG Research set a $106.00 price objective on NextEra Energy in a report on Thursday. HC Wainwright reaffirmed a “buy” rating on shares of NextEra Energy in a research report on Monday, July 27th. Seaport Research Partners reaffirmed a “sell” rating and set a $56.00 price target (up from $55.00) on shares of NextEra Energy in a research note on Friday, October 2nd. Morgan Stanley set a $110.00 price target on NextEra Energy and gave the stock an “overweight” rating in a research note on Wednesday, October 14th. Finally, HSBC set a $103.00 price target on NextEra Energy in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $97.71.

About NextEra Energy

NextEra Energy, Inc is an energy infrastructure company headquartered in Juno Beach, Florida. Through its businesses, the company generates, transmits, distributes and sells electricity, with a focus on regulated utility operations and clean energy development.

Florida Power & Light Company, NextEra Energy’s principal regulated utility, serves customers across much of Florida. FPL operates electric generation, transmission and distribution infrastructure and provides retail electricity service to residential, commercial and industrial customers.

NextEra Energy Resources develops, owns and operates renewable energy and energy storage projects, including wind and solar facilities.