NextEra Energy, Inc. (NYSE:NEE) Announces Quarterly Dividend of $0.62

NextEra Energy, Inc. (NYSE:NEEGet Free Report) declared a quarterly dividend on Thursday, May 21st. Shareholders of record on Friday, June 5th will be given a dividend of 0.6232 per share by the utilities provider on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, June 5th.

NextEra Energy has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 31 years. NextEra Energy has a payout ratio of 62.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect NextEra Energy to earn $4.36 per share next year, which means the company should continue to be able to cover its $2.49 annual dividend with an expected future payout ratio of 57.1%.

NextEra Energy Price Performance

NEE stock opened at $89.66 on Friday. The stock has a 50-day moving average price of $92.77 and a two-hundred day moving average price of $88.03. The stock has a market cap of $186.96 billion, a PE ratio of 22.81, a price-to-earnings-growth ratio of 2.59 and a beta of 0.73. The company has a current ratio of 0.54, a quick ratio of 0.44 and a debt-to-equity ratio of 1.41. NextEra Energy has a 1 year low of $63.88 and a 1 year high of $98.75.

NextEra Energy (NYSE:NEEGet Free Report) last released its earnings results on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.06. The firm had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.43 billion. NextEra Energy had a return on equity of 12.25% and a net margin of 29.36%.The company’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.99 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. Equities analysts forecast that NextEra Energy will post 4.01 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. BMO Capital Markets cut their target price on shares of NextEra Energy from $104.00 to $102.00 and set an “outperform” rating for the company in a research note on Monday. Scotiabank raised their target price on shares of NextEra Energy from $102.00 to $110.00 and gave the company a “sector perform” rating in a research note on Friday, April 24th. The Goldman Sachs Group raised their target price on shares of NextEra Energy from $94.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. JPMorgan Chase & Co. raised their target price on shares of NextEra Energy from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Wednesday, May 13th. Finally, Seaport Research Partners cut their target price on shares of NextEra Energy from $56.00 to $55.00 and set a “sell” rating for the company in a research note on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $99.15.

View Our Latest Stock Analysis on NextEra Energy

NextEra Energy Company Profile

(Get Free Report)

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.

Further Reading

Dividend History for NextEra Energy (NYSE:NEE)

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