NextEra Energy, Inc. (NYSE:NEE) Announces Quarterly Dividend of $0.52

NextEra Energy, Inc. (NYSE:NEE) declared a quarterly dividend on Thursday, July 25th, RTT News reports. Investors of record on Friday, August 30th will be given a dividend of 0.515 per share by the utilities provider on Monday, September 16th. This represents a $2.06 annualized dividend and a dividend yield of 2.81%.

NextEra Energy has raised its dividend by an average of 10.1% per year over the last three years and has increased its dividend every year for the last 30 years. NextEra Energy has a payout ratio of 55.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect NextEra Energy to earn $3.67 per share next year, which means the company should continue to be able to cover its $2.06 annual dividend with an expected future payout ratio of 56.1%.

NextEra Energy Price Performance

Shares of NextEra Energy stock opened at $73.44 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.43. The business has a 50 day simple moving average of $73.94 and a two-hundred day simple moving average of $65.97. The stock has a market capitalization of $150.88 billion, a P/E ratio of 20.01, a PEG ratio of 2.59 and a beta of 0.54. NextEra Energy has a 12 month low of $47.15 and a 12 month high of $80.47.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The firm had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $7.29 billion. During the same period in the prior year, the company earned $0.88 EPS. As a group, analysts predict that NextEra Energy will post 3.39 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on NEE shares. BMO Capital Markets increased their price objective on shares of NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Evercore ISI boosted their price objective on NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a research note on Wednesday, June 12th. Morgan Stanley upped their target price on NextEra Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a report on Tuesday, May 28th. Mizuho lowered NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price target on the stock. in a report on Wednesday, June 12th. Finally, JPMorgan Chase & Co. upped their price objective on shares of NextEra Energy from $76.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, June 20th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.79.

NextEra Energy Company Profile

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.