NextEra Energy, Inc. (NYSE:NEE – Get 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.
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
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.
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