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NextEra Energy: Why I Bought The 3.2% Dividend Yield Of This Electric Utility
Seeking Alpha· 2024-04-10 03:55
Gunther Fraulob NextEra Energy (NYSE:NEE) is an incredible dividend growth machine. The electric utility last declared a quarterly cash dividend of $0.515 per share, a remarkable 10% hike sequentially and $2.06 per share annualized for a 3.2% dividend yield. NEE has also guided to grow its dividend by at least 10% per year for the next two years until 2026, cementing its status as an exceptional shareholder-aligned dividend aristocrat. This title is revered for companies that have consecutively raised t ...
NextEra Energy (NEE) Unit Gets Nod for Rate Decline in Florida
Zacks Investment Research· 2024-04-09 19:36
NextEra Energy (NEE) announced that its subsidiary, Florida Power & Light Company (FPL), has received approval from Florida Public Service Commission to lower utility rates again in May. May utility rates for a residential customer using 1,000 kilowatt-hours (kWh) of electricity will be nearly $14 lower than the amount paid in March. The market has reacted positively to the development. This is evident from the upside in share price since the approval was granted to the NextEra unit on Apr 2.The Commission ...
NextEra Energy (NEE) Stock Sinks As Market Gains: Here's Why
Zacks Investment Research· 2024-04-03 22:55
NextEra Energy (NEE) closed the latest trading day at $62.55, indicating a -0.52% change from the previous session's end. This move lagged the S&P 500's daily gain of 0.11%. Meanwhile, the Dow experienced a drop of 0.11%, and the technology-dominated Nasdaq saw an increase of 0.23%.Shares of the parent company of Florida Power & Light Co. Have appreciated by 13.5% over the course of the past month, outperforming the Utilities sector's gain of 4.16% and the S&P 500's gain of 1.5%.The investment community wil ...
Forget Tech Stocks And Boost Your Portfolio: NextEra Energy's AI-Fueled Dividends
Seeking Alpha· 2024-04-03 11:30
Dilok Klaisataporn Introduction On March 28, I read a very interesting article about Amazon (AMZN) betting $150 billion on data centers needed to support the artificial intelligence ("AI") boom. According to Bloomberg, the company will spend this money over the next 15 years (roughly $10 billion per year!) to stay ahead of the competition and keep a tight grip on the cloud computing market, where it is the second-largest player. Since 2020, the company's real estate holdings, including data centers and ...
2 Defensive Dividend Plays For The Long-Term Passive Income Investor
Seeking Alpha· 2024-04-02 15:00
MarsBars Written by Nick Ackerman. Living on dividends is easy by investing in companies that provide essential services, such as WEC Energy Group, Inc. (WEC) and Verizon Communications Inc. (VZ). WEC is a multi-utility company with a long history of consistent earnings growth. VZ is a household name as a telecom behemoth that has been seeing its free cash flow rise once again as CAPEX demand recedes. Both of these names continue to remain interest rate sensitive due to their sizeable debt loads and income ...
FPL gets green light to reduce rates for the second consecutive month
Prnewswire· 2024-04-02 13:58
April rate decrease: FPL customers began seeing lower rates this month because a temporary surcharge to recover restoration costs from past hurricanes ended March 31. That reduced a typical 1,000-kWh residential customer bill by nearly $7. Approved May rate decrease: The PSC approved FPL's request to reduce the fuel charge on customer bills to reflect lower prices for natural gas used at some FPL power plants to generate electricity. That means a typical 1,000-kWh residential customer bill will fall about $ ...
This stock is a ‘diamond in the rough' for high returns
Finbold· 2024-04-02 11:34
Sometimes, all it takes for a stock that’s undergone a substantial decline to bounce back is a single catalyst. Investors have every reason to cheer for NextEra Energy Partners (NYSE: NEE) to make a swift rebound for several compelling reasons.In 2023, NEE stock faced a tough time amid rising interest rates, extensive borrowing, and refinancing of existing debts, resulting in nearly a 20% loss in value. However, NextEra’s leadership appears to be steering the company in the right direction, as NEE shares ar ...
3 Reasons to Buy NextEra Energy Stock Like There's No Tomorrow
The Motley Fool· 2024-03-31 07:01
The efficient markets hypothesis suggests that stock prices are rational, but anyone who invests for long enough knows that this isn't always true over short periods of time. Right now, NextEra Energy (NEE 0.19%) looks like it is being mispriced. There are reasons why Wall Street is worried, but the company's management team seems as confident as ever. Given a long history of success for the reliable dividend stock, here are three reasons why you might want to side with management and buy it.1. NextEra has ...
Is NextEra Energy (NEE) Stock Outpacing Its Utilities Peers This Year?
Zacks Investment Research· 2024-03-20 14:41
Investors interested in Utilities stocks should always be looking to find the best-performing companies in the group. NextEra Energy (NEE) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Utilities peers, we might be able to answer that question.NextEra Energy is a member of our Utilities group, which includes 104 different companies and curre ...
Wall Street Bulls Look Optimistic About NextEra (NEE): Should You Buy?
Zacks Investment Research· 2024-03-20 14:31
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about NextEra Energy (NEE) .NextEra currently has an average brokerage recommend ...