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

NextEra Energy, Inc. (NYSE:NEE - Get Free Report) announced a quarterly dividend on Thursday, July 24th, RTT News reports. Shareholders of record on Thursday, August 28th will be paid a dividend of 0.5665 per share by the utilities provider on Monday, September 15th. This represents a $2.27 dividend on an annualized basis and a yield of 3.14%.

NextEra Energy has a dividend payout ratio of 56.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect NextEra Energy to earn $3.96 per share next year, which means the company should continue to be able to cover its $2.27 annual dividend with an expected future payout ratio of 57.3%.

NextEra Energy Trading Down 0.9%

NYSE NEE traded down $0.68 on Thursday, reaching $72.14. The stock had a trading volume of 2,946,695 shares, compared to its average volume of 12,268,086. The firm has a market capitalization of $148.50 billion, a price-to-earnings ratio of 27.02, a P/E/G ratio of 2.73 and a beta of 0.67. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.32. NextEra Energy has a 12-month low of $61.72 and a 12-month high of $86.10. The stock has a fifty day moving average price of $72.35 and a two-hundred day moving average price of $70.42.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. The business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The company's quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.96 earnings per share. As a group, sell-side analysts forecast that NextEra Energy will post 3.68 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on NEE shares. JPMorgan Chase & Co. lowered their target price on shares of NextEra Energy from $86.00 to $82.00 in a research note on Thursday, July 3rd. Morgan Stanley lowered their target price on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research note on Wednesday, June 18th. Barclays boosted their target price on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. UBS Group lowered their target price on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research note on Friday, May 23rd. Finally, HSBC lowered their target price on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a research note on Friday, July 11th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, NextEra Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $84.42.

Insider Transactions at NextEra Energy

In other news, EVP Charles E. Sieving sold 23,684 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $70.00, for a total value of $1,657,880.00. Following the completion of the sale, the executive vice president directly owned 196,817 shares of the company's stock, valued at approximately $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of the stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the transaction, the treasurer directly owned 27,662 shares of the company's stock, valued at $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC raised its holdings in NextEra Energy by 6.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock worth $348,000 after purchasing an additional 298 shares in the last quarter. Acadian Asset Management LLC raised its holdings in NextEra Energy by 38.4% during the first quarter. Acadian Asset Management LLC now owns 12,542 shares of the utilities provider's stock worth $887,000 after purchasing an additional 3,479 shares in the last quarter. Finally, Brighton Jones LLC raised its holdings in NextEra Energy by 7.0% during the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock worth $2,028,000 after purchasing an additional 1,840 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

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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