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

NextEra Energy, Inc. (NYSE:NEE) announced a quarterly dividend on Friday, February 14th,RTT News reports. Investors of record on Friday, February 28th will be given 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 a positive change from NextEra Energy’s previous quarterly dividend of $0.52.

NextEra Energy has raised its dividend payment by an average of 10.2% per year over the last three years and has increased its dividend every year for the last 30 years. NextEra Energy has a dividend payout ratio of 51.5% meaning its dividend is sufficiently covered by earnings. Research 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 Stock Performance

NEE stock opened at $68.06 on Friday. The stock has a 50-day moving average price of $71.12 and a 200-day moving average price of $76.86. NextEra Energy has a 1-year low of $53.95 and a 1-year high of $86.10. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The firm has a market cap of $139.97 billion, a PE ratio of 20.20, a price-to-earnings-growth ratio of 2.42 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last issued its 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, equities research analysts expect that NextEra Energy will post 3.68 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Barclays upped their price objective on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group reduced their target price on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. BMO Capital Markets increased their target price on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Finally, Evercore ISI reduced their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research note on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s 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.