NextEra Energy, Inc. (NEE) To Go Ex-Dividend on November 21st

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

NextEra Energy has a payout ratio of 56.9% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Up 1.4%

Shares of NextEra Energy stock opened at $84.42 on Friday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. The stock has a market capitalization of $173.85 billion, a PE ratio of 29.52, a price-to-earnings-growth ratio of 2.81 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 company has a 50-day simple moving average of $76.64 and a two-hundred day simple moving average of $72.78.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.52 billion. During the same period in the previous year, the company earned $0.96 earnings per share. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, analysts anticipate that NextEra Energy will post 3.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NEE. Weiss Ratings reissued a “hold (c+)” rating on shares of NextEra Energy in a report on Tuesday, October 14th. Jefferies Financial Group reissued a “hold” rating and set a $85.00 price objective (up from $77.00) on shares of NextEra Energy in a report on Tuesday, October 14th. Melius Research raised shares of NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. BMO Capital Markets boosted their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Finally, Evercore ISI set a $92.00 price objective on shares of NextEra Energy and gave the company an “outperform” rating in a report on Monday, October 6th. Three research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $88.38.

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.