NextEra Energy, Inc. (NYSE:NEE) Declares Quarterly Dividend of $0.62

NextEra Energy, Inc. (NYSE:NEE) announced a quarterly dividend on Thursday, May 21st. Investors of record on Friday, June 5th will be given a dividend of 0.6232 per share by the utilities provider on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, June 5th.

NextEra Energy has raised its dividend by an average of 0.1%annually 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. Equities research analysts expect NextEra Energy to earn $4.36 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 57.1%.

NextEra Energy Stock Up 1.6%

NEE stock opened at $89.66 on Friday. NextEra Energy has a twelve month low of $63.88 and a twelve month high of $98.75. The company has a market cap of $186.96 billion, a PE ratio of 22.81, a price-to-earnings-growth ratio of 2.59 and a beta of 0.73. The business’s 50-day simple moving average is $92.77 and its 200 day simple moving average is $88.03. The company has a quick ratio of 0.44, a current ratio of 0.54 and a debt-to-equity ratio of 1.41.

NextEra Energy (NYSE:NEE) last released its earnings results on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.06. NextEra Energy had a return on equity of 12.25% and a net margin of 29.36%.The business had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.43 billion. During the same period last year, the business earned $0.99 earnings per share. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. On average, research analysts anticipate that NextEra Energy will post 4.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NEE shares. JPMorgan Chase & Co. lifted their target price on NextEra Energy from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Wells Fargo & Company set a $102.00 price objective on NextEra Energy and gave the company an “overweight” rating in a report on Friday, April 24th. Barclays lifted their price objective on NextEra Energy from $85.00 to $89.00 and gave the company an “equal weight” rating in a report on Tuesday, April 7th. HSBC lifted their price objective on NextEra Energy from $103.00 to $106.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Finally, Mizuho lifted their price objective on NextEra Energy from $90.00 to $95.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average price target of $99.15.

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.