NextEra Energy (NEE) Declares $0.52 Dividend
NextEra Energy said on February 16, 2024 that its board of directors declared a regular quarterly dividend of $0.52 per share ($2.06 annualized). Previously, the company paid $0.47 per share.
Shareholders of record as of February 27, 2024 will receive the payment on March 15, 2024.
At the current share price of $56.78 / share, the stock's dividend yield is 3.63%.
Looking back five years and taking a sample every week, the average dividend yield has been 2.25%, the lowest has been 1.61%, and the highest has been 3.79%. The standard deviation of yields is 0.40 (n=234).
The current dividend yield is 3.40 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.58. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
- Read the Ultimate Guide to Dividend Harvesting.
The company's 3-Year dividend growth rate is 0.34%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 3593 funds or institutions reporting positions in NextEra Energy. This is an increase of 124 owner(s) or 3.57% in the last quarter. Average portfolio weight of all funds dedicated to NEE is 0.60%, a decrease of 7.96%. Total shares owned by institutions increased in the last three months by 0.27% to 1,827,856K shares. 
The put/call ratio of NEE is 0.90, indicating a bullish outlook.
Analyst Price Forecast Suggests 29.01% Upside
As of February 24, 2024, the average one-year price target for NextEra Energy is 73.25. The forecasts range from a low of 43.43 to a high of $107.94. The average price target represents an increase of 29.01% from its latest reported closing price of 56.78.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for NextEra Energy is 26,137MM, a decrease of 7.03%. The projected annual non-GAAP EPS is 3.41.
What are Other Shareholders Doing?
Jpmorgan Chase holds 87,836K shares representing 4.28% ownership of the company. In it's prior filing, the firm reported owning 82,897K shares, representing an increase of 5.62%. The firm decreased its portfolio allocation in NEE by 2.17% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 63,881K shares representing 3.11% ownership of the company. In it's prior filing, the firm reported owning 63,103K shares, representing an increase of 1.22%. The firm decreased its portfolio allocation in NEE by 18.87% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 48,629K shares representing 2.37% ownership of the company. In it's prior filing, the firm reported owning 48,175K shares, representing an increase of 0.93%. The firm decreased its portfolio allocation in NEE by 20.20% over the last quarter.
Norges Bank holds 42,164K shares representing 2.05% ownership of the company. In it's prior filing, the firm reported owning 0K shares, representing an increase of 100.00%.
Geode Capital Management holds 38,732K shares representing 1.89% ownership of the company. In it's prior filing, the firm reported owning 37,484K shares, representing an increase of 3.22%. The firm decreased its portfolio allocation in NEE by 3.83% over the last quarter.
NextEra Energy Background Information
(This description is provided by the company.)
NextEra Energy, Inc. is a leading clean energy company headquartered in Juno Beach, Florida. NextEra Energy owns Florida Power & Light Company, which is the largest rate-regulated electric utility in the United States as measured by retail electricity produced and sold, and serves more than 5.6 million customer accounts, supporting more than 11 million residents across Florida with clean, reliable and affordable electricity. NextEra Energy also owns a competitive clean energy business, NextEra Energy Resources, LLC, which, together with its affiliated entities, is the world's largest generator of renewable energy from the wind and sun and a world leader in battery storage. Through its subsidiaries, NextEra Energy generates clean, emissions-free electricity from seven commercial nuclear power units in Florida, New Hampshire and Wisconsin. A Fortune 200 company and included in the S&P 100 index, NextEra Energy has been recognized often by third parties for its efforts in sustainability, corporate responsibility, ethics and compliance, and diversity. NextEra Energy is ranked No. 1 in the electric and gas utilities industry on Fortune's 2020 list of 'World's Most Admired Companies' and received the S&P Global Platts 2020 Energy Transition Award for leadership in environmental, social and governance.
Additional reading:
- NextEra Energy, Inc. Non-Employee Director Compensation Summary effective January 1, 202
- NextEra Energy, Inc. and Nicole J. Daggs dated as of January 1, 20
- Subsidiaries of NextEra Energy, Inc.
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