NextEra Energy, Inc. to Issue Quarterly Dividend of $0.47 (NYSE:NEE)

NextEra Energy, Inc. (NYSE:NEE) declared a quarterly dividend on Thursday, October 12th, RTT News reports. Shareholders of record on Friday, November 24th will be given a dividend of 0.4675 per share by the utilities provider on Friday, December 15th. This represents a $1.87 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date is Wednesday, November 22nd.

NextEra Energy has increased its dividend by an average of 10.8% annually over the last three years and has raised its dividend every year for the last 29 years. NextEra Energy has a payout ratio of 55.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect NextEra Energy to earn $3.39 per share next year, which means the company should continue to be able to cover its $1.87 annual dividend with an expected future payout ratio of 55.2%.

NextEra Energy Stock Down 0.0 %

NYSE:NEE opened at $57.35 on Tuesday. NextEra Energy has a 1 year low of $47.15 and a 1 year high of $88.61. The company has a current ratio of 0.50, a quick ratio of 0.43 and a debt-to-equity ratio of 1.05. The stock has a market cap of $117.67 billion, a price-to-earnings ratio of 15.17, a PEG ratio of 2.23 and a beta of 0.54. The stock has a 50-day moving average price of $57.96 and a two-hundred day moving average price of $67.19.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, October 24th. The utilities provider reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.08. The company had revenue of $7.17 billion for the quarter, compared to analyst estimates of $7.07 billion. NextEra Energy had a return on equity of 12.15% and a net margin of 27.82%. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 earnings per share. As a group, equities analysts expect that NextEra Energy will post 3.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NEE has been the subject of several recent research reports. StockNews.com cut NextEra Energy from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Scotiabank reduced their price objective on NextEra Energy from $105.00 to $96.00 in a research report on Thursday, September 28th. Seaport Res Ptn cut NextEra Energy from a “neutral” rating to a “sell” rating in a research report on Thursday, November 9th. Evercore ISI reduced their price target on NextEra Energy from $80.00 to $66.00 and set an “in-line” rating for the company in a research report on Friday, October 20th. Finally, Guggenheim reduced their price target on NextEra Energy from $73.00 to $65.00 in a research report on Monday, October 9th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $74.31.

Insider Activity

In other NextEra Energy news, major shareholder Nextera Energy Inc acquired 3,097,524 shares of the business’s stock in a transaction dated Friday, October 6th. The stock was bought at an average cost of $24.21 per share, with a total value of $74,991,056.04. Following the completion of the transaction, the insider now directly owns 4,097,524 shares in the company, valued at approximately $99,201,056.04. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.38% of the company’s stock.

Hedge Funds Weigh In On NextEra Energy

A number of large investors have recently made changes to their positions in the company. United Bank increased its stake in NextEra Energy by 9.8% during the 1st quarter. United Bank now owns 9,966 shares of the utilities provider’s stock worth $844,000 after acquiring an additional 891 shares during the period. LSV Asset Management increased its stake in NextEra Energy by 9.2% during the 1st quarter. LSV Asset Management now owns 32,180 shares of the utilities provider’s stock worth $2,726,000 after acquiring an additional 2,700 shares during the period. Brown Brothers Harriman & Co. increased its stake in NextEra Energy by 11.2% during the 1st quarter. Brown Brothers Harriman & Co. now owns 15,731 shares of the utilities provider’s stock worth $1,333,000 after acquiring an additional 1,587 shares during the period. Covestor Ltd increased its stake in NextEra Energy by 59.1% during the 1st quarter. Covestor Ltd now owns 878 shares of the utilities provider’s stock worth $74,000 after acquiring an additional 326 shares during the period. Finally, Ergoteles LLC bought a new position in NextEra Energy during the 1st quarter worth $793,000. Institutional investors own 76.48% of the company’s stock.

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, coal, and natural gas facilities. 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.