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

Key Points

• NextEra Energy, Inc. announced a quarterly dividend of $0.57 per share, with an annualized yield of 2.7%, payable on December 15th to shareholders of record on November 21st.
• The company has a current dividend payout ratio of 56.9%, suggesting that earnings sufficiently cover the dividend, with analysts forecasting $3.96 earnings per share for next year.
• NextEra Energy reported $1.05 earnings per share for its last quarter, exceeding analysts' expectations, although revenue was below forecasts at $6.70 billion.

NextEra Energy, Inc. (NYSE:NEE - Get Free Report) announced a quarterly dividend on Thursday, October 23rd. Shareholders of record on Friday, November 21st will be given a dividend of 0.5665 per share by the utilities provider on Monday, December 15th. This represents a c) dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, November 21st.

NextEra Energy has a dividend payout ratio of 56.9% indicating that 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 $2.27 annual dividend with an expected future payout ratio of 57.3%.

NextEra Energy Price Performance

NextEra Energy stock opened at $83.30 on Friday. The stock has a market capitalization of $171.54 billion, a price-to-earnings ratio of 29.13, a PEG ratio of 2.80 and a beta of 0.66. NextEra Energy has a 52-week low of $61.72 and a 52-week high of $86.74. The stock's 50 day moving average price is $76.46 and its two-hundred day moving average price is $72.64. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The firm had revenue of $6.70 billion for the quarter, compared to analysts' expectations of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The company's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.96 EPS. On average, equities analysts predict that NextEra Energy will post 3.68 earnings per share for the current year.

Insider Transactions at NextEra Energy

In related news, EVP Robert Coffey sold 7,500 shares of the stock in a transaction on Monday, July 28th. The stock was sold at an average price of $71.84, for a total value of $538,800.00. Following the completion of the sale, the executive vice president directly owned 26,539 shares of the company's stock, valued at approximately $1,906,561.76. This represents a 22.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Charles E. Sieving sold 11,336 shares of the stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the sale, the executive vice president directly owned 167,481 shares of the company's stock, valued at $13,398,480. The trade was a 6.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,528 shares of company stock valued at $2,277,773 in the last 90 days. 0.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NextEra Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in NextEra Energy by 0.7% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 420,627 shares of the utilities provider's stock valued at $31,753,000 after buying an additional 2,936 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in shares of NextEra Energy by 9.5% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 14,056 shares of the utilities provider's stock valued at $1,061,000 after purchasing an additional 1,216 shares during the last quarter. Moneywise Inc. purchased a new stake in shares of NextEra Energy during the 3rd quarter valued at $204,000. Fingerlakes Wealth Management Inc. increased its position in shares of NextEra Energy by 0.8% during the 3rd quarter. Fingerlakes Wealth Management Inc. now owns 16,215 shares of the utilities provider's stock valued at $1,224,000 after purchasing an additional 124 shares during the last quarter. Finally, Fjell Capital LLC increased its position in shares of NextEra Energy by 2.4% during the 3rd quarter. Fjell Capital LLC now owns 16,015 shares of the utilities provider's stock valued at $1,209,000 after purchasing an additional 368 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

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,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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