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Stock Update: NextEra Energy Inc (NYSE:NEE) – NextEra Energy board declares quarterly dividend

[PR Newswire] – JUNO BEACH, Fla., Feb. 12, 2016 /PRNewswire/ — The board of directors of NextEra Energy, Inc. (NEE) today declared a regular quarterly common stock dividend of 87 cents per share, up 13 percent versus the prior-year comparable quarterly dividend. NextEra Energy, Inc. (NEE) is a leading clean energy company with consolidated revenues of approximately $17.5 billion, approximately 46,400 megawatts of generating capacity, which includes megawatts associated with noncontrolling interests related to NextEra Energy Partners, LP (NEP), and approximately 14,300 employees in 27 states and Canada as of year-end 2015. Headquartered in Juno Beach, Fla., NextEra Energy’s principal subsidiaries are Florida Power & Light Company, which serves more than 4.8 million customer accounts in Florida and is one of the largest rate-regulated electric utilities in the United States, and NextEra Energy Resources, LLC, which, together with its affiliated entities, is the world’s largest generator of renewable energy from the wind and sun. Read more on this. NextEra Energy, Inc. (NEE) , valued at $51.32B, started the session at $112.12. Looking at today’s market, NEE one day range is $110.60 to $112.33 with the price of the stock fluctuating between $93.74 to $115.95 over the last 52 weeks. NEE shares are currently priced at 18.20x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 12.98x forward p/e ratio. The company pays shareholders $3.08 per share in dividend income per year, for a current yield of 2.71%. In a review of the consensus earnings estimate this quarter, 9 sell-side analysts are looking at $1.34 per share, which would be $0.07 worse than the year-ago quarter and a $0.02 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $6.15, which would be a $0.44 improvement when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $4.10 Billion. If realized, that would be a 0.00% decrease over the year-ago quarter. In terms of ratings, Robert W. Baird upgraded NEE from Neutral to Outperform (Jan 29, 2016). Previously, Scotia Howard Weil Initiated NEE at to Sector Outperform. The average price target for NEE shares is $120.89, which is 7.82% above where the stock opened this morning. See more in (NYSE:NEE) Similar Articles: Stock Update: NextEra Energy Inc (NYSE:NEE) – NextEra Energy and NextEra Energy Partners to participate in EEI Financial Conference Company Update: NextEra Energy Inc (NYSE:NEE) – NextEra Energy board declares quarterly dividend Stock Update: NextEra Energy Inc (NYSE:NEE) – NextEra Energy and NextEra Energy Partners to present at the 2015 Barclays CEO Energy-Power Conference
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