NextEra Energy Inc (NYSE:NEE) declared a quarterly dividend on Friday, February 16th, RTT News reports. Shareholders of record on Tuesday, February 27th will be given a dividend of 1.11 per share by the utilities provider on Thursday, March 15th. This represents a $4.44 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Monday, February 26th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.98.
NextEra Energy has raised its dividend by an average of 21.8% per year over the last three years and has increased its dividend every year for the last 8 years. NextEra Energy has a payout ratio of 58.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect NextEra Energy to earn $8.30 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%.
NextEra Energy (NYSE:NEE) opened at $156.26 on Friday. The stock has a market capitalization of $73,566.27, a price-to-earnings ratio of 13.72, a price-to-earnings-growth ratio of 2.56 and a beta of 0.28. NextEra Energy has a twelve month low of $127.09 and a twelve month high of $159.64. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.52.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Friday, January 26th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.06). The company had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.18 billion. NextEra Energy had a net margin of 31.28% and a return on equity of 11.50%. NextEra Energy’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.21 EPS. equities research analysts forecast that NextEra Energy will post 7.73 EPS for the current fiscal year.
In other news, CEO Armando Pimentel, Jr. sold 42,372 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $157.45, for a total transaction of $6,671,471.40. Following the transaction, the chief executive officer now directly owns 121,958 shares in the company, valued at approximately $19,202,287.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Charles E. Sieving sold 2,844 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $154.67, for a total transaction of $439,881.48. Following the transaction, the executive vice president now owns 48,966 shares in the company, valued at $7,573,571.22. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 54,466 shares of company stock worth $8,515,780. 0.53% of the stock is currently owned by corporate insiders.
Several research analysts have issued reports on the company. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 price target on the stock in a report on Tuesday, December 12th. Credit Suisse Group assumed coverage on shares of NextEra Energy in a research note on Thursday, December 7th. They set an “outperform” rating and a $173.00 target price on the stock. Guggenheim reissued a “buy” rating and set a $182.00 target price on shares of NextEra Energy in a research note on Friday, January 26th. Morgan Stanley boosted their target price on shares of NextEra Energy from $173.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, December 13th. Finally, UBS Group assumed coverage on shares of NextEra Energy in a research note on Friday, February 2nd. They set a “buy” rating and a $177.00 target price on the stock. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $161.56.
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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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