NextEra Energy, Inc. Plans Quarterly Dividend of $0.98 (NYSE:NEE)
NextEra Energy, Inc. (NYSE:NEE) declared a quarterly dividend on Thursday, July 27th, RTT News reports. Shareholders of record on Friday, August 25th will be paid a dividend of 0.9825 per share by the utilities provider on Friday, September 15th. This represents a $3.93 dividend on an annualized basis and a yield of 2.70%.
NextEra Energy has increased its dividend payment by an average of 9.6% per year over the last three years and has increased its dividend annually for the last 7 consecutive years. NextEra Energy has a payout ratio of 58.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect NextEra Energy to earn $7.19 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 54.7%.
Shares of NextEra Energy (NEE) traded down 0.47% during trading on Thursday, reaching $144.81. The company’s stock had a trading volume of 615,920 shares. NextEra Energy has a 12-month low of $110.49 and a 12-month high of $145.58. The company has a market cap of $67.79 billion, a PE ratio of 17.62 and a beta of 0.31. The company has a 50 day moving average of $141.55 and a 200 day moving average of $132.91.
NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.76 by $0.10. The company had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.44 billion. NextEra Energy had a return on equity of 11.82% and a net margin of 23.58%. NextEra Energy’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.67 earnings per share. On average, analysts anticipate that NextEra Energy will post $6.71 EPS for the current fiscal year.
Several equities analysts recently weighed in on the company. Goldman Sachs Group, Inc. (The) assumed coverage on NextEra Energy in a research report on Monday. They set a “buy” rating and a $160.00 target price on the stock. BMO Capital Markets restated a “buy” rating and issued a $135.00 price objective on shares of NextEra Energy in a research report on Friday, March 31st. Royal Bank Of Canada restated an “outperform” rating and issued a $147.00 price objective (up from $144.00) on shares of NextEra Energy in a research report on Sunday, July 9th. Deutsche Bank AG restated a “hold” rating and issued a $128.00 price objective (down from $129.00) on shares of NextEra Energy in a research report on Sunday, April 2nd. Finally, Morgan Stanley boosted their price objective on NextEra Energy from $161.00 to $162.00 and gave the company an “overweight” rating in a research report on Monday, May 8th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. NextEra Energy currently has a consensus rating of “Buy” and a consensus price target of $148.18.
In related news, Director Eric E. Silagy sold 8,111 shares of the business’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $140.58, for a total value of $1,140,244.38. Following the sale, the director now directly owns 26,884 shares in the company, valued at $3,779,352.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James L. Robo sold 52,320 shares of the business’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $136.48, for a total value of $7,140,633.60. The disclosure for this sale can be found here. Insiders sold 66,111 shares of company stock worth $9,036,943 over the last quarter. 0.53% of the stock is owned by company insiders.
About NextEra Energy
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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