NextEra Energy Inc (NYSE:NEE) announced a quarterly dividend on Thursday, May 23rd, RTT News reports. Shareholders of record on Monday, June 3rd will be given a dividend of 1.25 per share by the utilities provider on Monday, June 17th. This represents a $5.00 annualized dividend and a yield of 2.46%.
NextEra Energy has raised its dividend payment by an average of 13.0% annually over the last three years and has increased its dividend annually for the last 9 consecutive years. NextEra Energy has a dividend payout ratio of 64.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect NextEra Energy to earn $9.08 per share next year, which means the company should continue to be able to cover its $5.00 annual dividend with an expected future payout ratio of 55.1%.
NEE opened at $203.53 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.38 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $97.19 billion, a price-to-earnings ratio of 26.43, a PEG ratio of 3.02 and a beta of 0.28. NextEra Energy has a twelve month low of $155.06 and a twelve month high of $202.35.
Several equities research analysts have weighed in on NEE shares. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $193.00 target price on the stock in a report on Wednesday, January 30th. Credit Suisse Group set a $199.00 price objective on shares of NextEra Energy and gave the stock a “buy” rating in a report on Monday, April 22nd. Goldman Sachs Group lowered shares of NextEra Energy from a “conviction-buy” rating to a “buy” rating and set a $194.00 price objective on the stock. in a report on Monday, April 8th. Scotiabank upgraded shares of NextEra Energy from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $187.00 to $202.00 in a report on Wednesday, May 8th. Finally, Wells Fargo & Co raised their price objective on shares of NextEra Energy from $200.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $196.83.
In related news, EVP Charles E. Sieving sold 16,446 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $200.08, for a total value of $3,290,515.68. Following the completion of the transaction, the executive vice president now owns 67,900 shares of the company’s stock, valued at $13,585,432. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Rudy E. Schupp sold 1,600 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $191.52, for a total transaction of $306,432.00. Following the completion of the transaction, the director now directly owns 19,210 shares of the company’s stock, valued at approximately $3,679,099.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 240,594 shares of company stock worth $46,236,648. 0.48% of the stock is currently owned by company insiders.
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.
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