NextEra Energy, Inc. (NEE) to Issue Quarterly Dividend of $0.62 on June 15th

NextEra Energy, Inc. (NYSE:NEE) declared a quarterly dividend on Thursday, May 21st. Investors 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 dividend yield of 2.8%. The ex-dividend date is Friday, June 5th.

NextEra Energy has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 31 years. NextEra Energy has a payout ratio of 62.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect NextEra Energy to earn $4.37 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 57.0%.

NextEra Energy Stock Down 1.2%

NEE stock opened at $88.61 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.44 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $184.78 billion, a PE ratio of 22.55, a PEG ratio of 2.63 and a beta of 0.73. NextEra Energy has a 1-year low of $65.97 and a 1-year high of $98.75. The business’s 50 day simple moving average is $92.71 and its 200 day simple moving average is $88.03.

NextEra Energy (NYSE:NEE) last posted its earnings results on Thursday, April 23rd. The utilities provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.06. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.43 billion. NextEra Energy had a return on equity of 12.25% and a net margin of 29.36%.The firm’s revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.99 EPS. NextEra Energy has set its FY 2026 guidance at 3.920-4.02 EPS. As a group, research analysts anticipate that NextEra Energy will post 4.01 EPS for the current year.

Wall Street Analyst Weigh In

NEE has been the subject of several recent research reports. DA Davidson boosted their price target on NextEra Energy from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. HSBC boosted their price target on NextEra Energy from $103.00 to $106.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Barclays boosted their price target on NextEra Energy from $85.00 to $89.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 7th. Evercore restated an “outperform” rating and issued a $107.00 price target on shares of NextEra Energy in a research note on Monday, May 4th. Finally, BTIG Research restated a “buy” rating and issued a $112.00 price target on shares of NextEra Energy in a research note on Friday, April 24th. One research 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. Based on data from MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.15.

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.