NextEra Energy Inc (NEE) To Go Ex-Dividend on August 27th

NextEra Energy Inc (NYSE:NEE) declared a quarterly dividend on Thursday, July 30th, RTT News reports. Stockholders of record on Friday, August 28th will be given a dividend of 1.40 per share by the utilities provider on Tuesday, September 15th. This represents a $5.60 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend is Thursday, August 27th.

NextEra Energy has increased its dividend by an average of 43.7% annually over the last three years and has raised its dividend every year for the last 10 years. NextEra Energy has a payout ratio of 61.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect NextEra Energy to earn $9.92 per share next year, which means the company should continue to be able to cover its $5.60 annual dividend with an expected future payout ratio of 56.5%.

NYSE NEE opened at $280.70 on Friday. NextEra Energy has a one year low of $174.80 and a one year high of $285.63. The company has a 50-day simple moving average of $256.40 and a 200-day simple moving average of $248.73. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.50 and a current ratio of 0.61. The firm has a market capitalization of $138.25 billion, a PE ratio of 32.01, a price-to-earnings-growth ratio of 3.88 and a beta of 0.21.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Friday, July 24th. The utilities provider reported $2.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.50 by $0.11. NextEra Energy had a net margin of 18.71% and a return on equity of 10.55%. The business had revenue of $4.20 billion during the quarter, compared to analyst estimates of $5.32 billion. During the same period in the previous year, the business posted $2.35 EPS. The company’s quarterly revenue was down 15.4% on a year-over-year basis. Equities analysts forecast that NextEra Energy will post 9.12 earnings per share for the current year.

In related news, EVP Ronald R. Reagan sold 176 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $285.00, for a total value of $50,160.00. Following the sale, the executive vice president now directly owns 8,538 shares in the company, valued at approximately $2,433,330. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Treasurer Paul I. Cutler sold 8,772 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $285.00, for a total transaction of $2,500,020.00. Following the completion of the sale, the treasurer now owns 86,839 shares in the company, valued at $24,749,115. The disclosure for this sale can be found here. Insiders sold a total of 39,082 shares of company stock worth $9,968,924 over the last quarter. Insiders own 0.40% of the company’s stock.

Several analysts recently weighed in on NEE shares. UBS Group cut their price objective on shares of NextEra Energy from $296.00 to $290.00 and set a “buy” rating on the stock in a research report on Monday, June 22nd. Morgan Stanley boosted their price target on shares of NextEra Energy from $240.00 to $246.00 and gave the stock an “equal weight” rating in a research report on Friday, July 17th. Credit Suisse Group boosted their price target on shares of NextEra Energy from $252.00 to $265.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 22nd. Finally, Vertical Research upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating and set a $265.00 price target on the stock in a research report on Monday, July 27th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $258.00.

About NextEra Energy

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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

Featured Story: Why do earnings reports matter?

Dividend History for NextEra Energy (NYSE:NEE)

Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.