NextEra Energy Inc. (NYSE:NEE) announced a quarterly dividend on Friday, October 14th. Shareholders of record on Friday, November 25th will be given a dividend of 0.87 per share on Thursday, December 15th. This represents a $3.48 dividend on an annualized basis and a yield of 2.79%.

NextEra Energy (NYSE:NEE) traded down 0.43% during mid-day trading on Friday, reaching $124.09. 950,902 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $123.21 and a 200 day moving average price of $122.79. The company has a market cap of $57.33 billion, a PE ratio of 22.21 and a beta of 0.28. NextEra Energy has a 52-week low of $96.19 and a 52-week high of $131.98.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.10. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $4.33 billion. NextEra Energy had a net margin of 15.36% and a return on equity of 11.82%. NextEra Energy’s revenue for the quarter was down 12.4% on a year-over-year basis. During the same period last year, the company posted $1.56 EPS. Equities analysts predict that NextEra Energy will post $6.20 earnings per share for the current fiscal year.

Dividend History for NextEra Energy (NYSE:NEE)

In other NextEra Energy news, VP Chris N. Froggatt sold 16,467 shares of the firm’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $127.61, for a total transaction of $2,101,353.87. Following the completion of the sale, the vice president now owns 22,916 shares of the company’s stock, valued at approximately $2,924,310.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.66% of the company’s stock.

Large investors have recently made changes to their positions in the stock. ARGI Investment Services LLC increased its stake in shares of NextEra Energy by 14.0% in the second quarter. ARGI Investment Services LLC now owns 7,023 shares of the company’s stock valued at $903,000 after buying an additional 864 shares in the last quarter. Cleararc Capital Inc. increased its stake in shares of NextEra Energy by 3.3% in the second quarter. Cleararc Capital Inc. now owns 19,986 shares of the company’s stock valued at $2,606,000 after buying an additional 645 shares in the last quarter. Lakeview Capital Partners LLC increased its stake in shares of NextEra Energy by 5.2% in the second quarter. Lakeview Capital Partners LLC now owns 6,160 shares of the company’s stock valued at $803,000 after buying an additional 302 shares in the last quarter. Comerica Bank increased its stake in shares of NextEra Energy by 10.2% in the second quarter. Comerica Bank now owns 166,420 shares of the company’s stock valued at $20,981,000 after buying an additional 15,412 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its stake in shares of NextEra Energy by 17.3% in the second quarter. Public Sector Pension Investment Board now owns 87,457 shares of the company’s stock valued at $11,404,000 after buying an additional 12,900 shares in the last quarter. 74.51% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently weighed in on NEE. Zacks Investment Research downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Morgan Stanley assumed coverage on NextEra Energy in a research note on Wednesday, June 29th. They set a “hold” rating and a $146.00 target price for the company. Bank of America Corp. reissued a “buy” rating and set a $149.00 target price on shares of NextEra Energy in a research note on Tuesday, September 27th. Mizuho increased their target price on NextEra Energy from $125.00 to $138.00 and gave the stock a “buy” rating in a research note on Monday, July 18th. Finally, Deutsche Bank AG cut NextEra Energy from a “buy” rating to a “hold” rating and set a $131.00 target price for the company. in a research note on Friday, September 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. NextEra Energy currently has a consensus rating of “Buy” and an average price target of $129.26.

About NextEra Energy

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power company in North America with electric generating facilities located in over 30 states in the United States and approximately five provinces in Canada. NEE’s operating segments are FPL, an electric utility, and NEER, an energy business.

5 Day Chart for NYSE:NEE

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