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

NextEra Energy, Inc. (NYSE:NEE - Get Free Report) announced a quarterly dividend on Thursday, May 23rd, RTT News reports. Stockholders of record on Monday, June 3rd will be given a dividend of 0.515 per share by the utilities provider on Monday, June 17th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.73%.

NextEra Energy has raised its dividend by an average of 10.1% per year over the last three years and has increased its dividend annually for the last 30 consecutive years. NextEra Energy has a payout ratio of 56.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect NextEra Energy to earn $3.68 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 56.0%.

NextEra Energy Stock Performance

NEE stock traded down $1.00 during trading on Thursday, hitting $75.32. The company had a trading volume of 9,096,951 shares, compared to its average volume of 11,683,050. The firm has a market cap of $154.75 billion, a PE ratio of 20.43, a price-to-earnings-growth ratio of 2.82 and a beta of 0.50. NextEra Energy has a 1-year low of $47.15 and a 1-year high of $77.41. The firm has a 50-day moving average price of $66.85 and a 200-day moving average price of $61.34. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.12.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.11. The firm had revenue of $5.73 billion for the quarter, compared to analysts' expectations of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The firm's revenue for the quarter was down 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.84 EPS. On average, analysts expect that NextEra Energy will post 3.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NEE shares. Barclays started coverage on NextEra Energy in a research report on Wednesday, April 10th. They issued an "equal weight" rating and a $66.00 price target on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $74.00 price objective on shares of NextEra Energy in a report on Tuesday, January 30th. Wells Fargo & Company lifted their price objective on NextEra Energy from $85.00 to $95.00 and gave the company an "overweight" rating in a report on Wednesday, May 15th. Scotiabank lifted their price objective on NextEra Energy from $69.00 to $73.00 and gave the company a "sector outperform" rating in a report on Monday, April 22nd. Finally, Mizuho lifted their price objective on NextEra Energy from $67.00 to $71.00 and gave the company a "buy" rating in a report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $72.64.

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.

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