NextEra Energy, Inc. (NYSE:NEE) Declares Quarterly Dividend of $0.57

NextEra Energy, Inc. (NYSE:NEE - Get Free Report) declared a quarterly dividend on Friday, February 14th,RTT News reports. Stockholders of record on Friday, February 28th will be paid a dividend of 0.5665 per share by the utilities provider on Monday, March 17th. This represents a $2.27 annualized dividend and a dividend yield of 3.33%. This is an increase from NextEra Energy's previous quarterly dividend of $0.52.

NextEra Energy has increased its dividend by an average of 10.2% annually over the last three years and has increased its dividend every year for the last 30 years. NextEra Energy has a payout ratio of 51.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect NextEra Energy to earn $3.96 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 52.0%.

NextEra Energy Trading Down 0.8 %

Shares of NYSE:NEE traded down $0.54 during midday trading on Monday, hitting $68.06. 14,183,528 shares of the stock traded hands, compared to its average volume of 12,249,278. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The business's 50 day moving average is $70.97 and its two-hundred day moving average is $76.84. The stock has a market capitalization of $139.97 billion, a PE ratio of 20.20, a P/E/G ratio of 2.42 and a beta of 0.58. NextEra Energy has a one year low of $53.95 and a one year high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting analysts' consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. As a group, research analysts forecast that NextEra Energy will post 3.68 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on NEE. Barclays boosted their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the company an "equal weight" rating in a research report on Friday, October 25th. BMO Capital Markets boosted their price target on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Guggenheim raised their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Royal Bank of Canada cut NextEra Energy from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. decreased their target price on NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $85.85.

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.