Daniel Bosma/Moment via Getty Images NextEra Energy Inc. (NYSE:NEE) is an American energy company. Founded in 1925, NextEra Energy is now a $116 billion (by market cap) power utility giant that employs more than 15,000 people. By market cap, this is the largest utility holding company in the US. NextEra Energy reports results across three segments: Florida Power & Light (FPL), 65% of FY 2023 revenue; NextEra Energy Resources (NEER), 34%; and Corporate and Other, 1%. FPL operates the largest electric uti ...

NextEra Energy (NEE -0.42%) has been a powerful income producer over the years. The utility has more than a quarter century of dividend increases under its belt. These haven't been token raises to keep its streak alive. NextEra has grown its payout at an 11% compound annual rate over the last 10 years. That's impressive, considering it operates in the slower-growing utility sector. The company recently delivered its latest dividend increase, boosting the payout by 10%. It expects to maintain that rate for a ...

JUNO BEACH, Fla., Feb. 16, 2024 /PRNewswire/ -- The board of directors of NextEra Energy, Inc. (NYSE: NEE) declared a regular quarterly common stock dividend of $0.515 per share, an approximate 10% increase versus the prior-year comparable quarterly dividend. This increase is consistent with the plan announced in 2022 of targeting roughly 10% annual growth in dividends per share through at least 2024, off a 2022 base. The dividend is payable on March 15, 2024, to shareholders of record on Feb. 27, 2024. The ...

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Financial Reporting and Internal Control - NextEra Energy, Inc. (NEE) and Florida Power & Light Company (FPL) reported effective internal control over financial reporting as of December 31, 2023[337]. - NEE and FPL's consolidated financial statements were prepared in accordance with generally accepted accounting principles, presenting a fair view of their financial positions as of December 31, 2023[347]. - The independent auditors, Deloitte & Touche LLP, expressed unqualified opinions on NEE's and FPL's financial statements for the year ended December 31, 2023[341]. - Management believes that the overall system of internal accounting control provides reasonable assurance against material errors or irregularities[334]. - NEE's management assessed the effectiveness of internal control over financial reporting using the criteria set forth by COSO[337]. - The Audit Committee, comprised entirely of independent directors, oversees financial reporting and accounting matters[336]. - NEE's and FPL's internal control over financial reporting was deemed effective as of December 31, 2023, based on management's assessment[340]. Financial Performance - NEE's operating revenues for the year ended December 31, 2023, reached $28,114 million, a 34% increase from $20,956 million in 2022[362]. - The net income attributable to NEE for 2023 was $7,310 million, up 76% from $4,147 million in 2022[362]. - Comprehensive income attributable to NEE for 2023 was $7,375 million, compared to $3,929 million in 2022[365]. - The basic earnings per share attributable to NEE increased to $3.61 in 2023 from $2.10 in 2022[362]. - NEE's operating income for 2023 was $10,237 million, a substantial increase from $4,081 million in 2022[362]. - Net income for 2023 was $6.282 billion, a significant increase of 93% compared to $3.246 billion in 2022[370]. - Operating revenues for 2023 reached $18,365 million, an increase of 6.3% from $17,282 million in 2022[377]. - Net income for 2023 was $4,552 million, up 22.9% from $3,701 million in 2022[377]. Assets and Liabilities - Total assets increased to $177.489 billion in 2023, up from $158.935 billion in 2022, representing a growth of approximately 11.5%[368]. - Total current liabilities rose to $27.963 billion in 2023, compared to $26.695 billion in 2022, an increase of about 4.8%[368]. - Long-term debt increased to $61.405 billion in 2023, up from $55.256 billion in 2022, reflecting a rise of approximately 11.5%[368]. - Total common shareholders' equity grew to $47.468 billion in 2023, compared to $39.229 billion in 2022, marking an increase of about 21%[368]. - At December 31, 2023, NEE had approximately $730 million in restricted cash, down from $1.840 billion in 2022[428]. - The net regulatory liability totaled $3,195 million at December 31, 2023, compared to $3,504 million at December 31, 2022[451]. Cash Flow and Investments - Net cash provided by operating activities was $11.301 billion in 2023, up from $8.262 billion in 2022, indicating a growth of approximately 37%[370]. - Cash and cash equivalents at the end of 2023 were $3.420 billion, slightly down from $3.441 billion at the end of 2022[370]. - The company reported cash, cash equivalents, and restricted cash at the end of 2023 at $72 million, an increase from $58 million at the end of 2022[384]. - The net cash used in investing activities decreased to $8,515 million in 2023 from $9,358 million in 2022, a decline of 9%[384]. - The company issued $13.857 billion in long-term debt in 2023, consistent with the previous year's issuance of $13.856 billion[370]. Regulatory and Rate Agreements - FPL's accounting for rate regulation impacts multiple financial statement line items, including operating revenues and regulatory assets[356]. - FPL's new retail base rates established in the 2021 rate agreement resulted in an increase of $692 million in annualized retail base revenues starting January 1, 2022, and an additional $560 million beginning January 1, 2023[399][400]. - FPL expects to save customers approximately $400 million over the remaining term of the 2021 rate agreement due to the Inflation Reduction Act, including a one-time refund of $36 million made in January 2023[404]. Capital Expenditures and Development - Capital expenditures for FPL were $9.302 billion in 2023, slightly higher than $9.067 billion in 2022[370]. - At December 31, 2023, NEER's capitalized development costs totaled approximately $1.5 billion, up from $1.0 billion in 2022, reflecting ongoing project development[411]. - FPL's construction work in progress includes costs directly associated with various projects, which are transferred to electric utility plant in service upon completion[410]. Derivative Instruments and Risk Management - NEE and FPL utilize derivative instruments to manage risks associated with fuel and electricity purchases, with changes in fair value recognized in operating revenues for NEER's non-rate regulated operations[478]. - NEE's total derivative assets amounted to $3,520 million, while total derivative liabilities were $3,586 million, resulting in a net derivative position of $(66) million[491]. - NEE's commodity contracts showed a decrease in gross positions from $12,030 million in 2022 to $6,171 million in 2023, reflecting a significant reduction in exposure[491]. - NEE recorded total gains of $2,222 million in 2023 from derivative instruments, a significant recovery from losses of $(2,145) million in 2022[505]. Equity and Shareholder Returns - Dividends on common stock increased to $3.782 billion in 2023, compared to $3.352 billion in 2022, reflecting a rise of approximately 12.8%[370]. - Common stock dividends per share were $1.87 for 2023, compared to $1.70 in 2022[376]. - Dividends to NEE increased significantly to $4,545 million in 2023 from $2,000 million in 2022, representing a 127% increase[386].

NextEra Energy (NEE 1.38%) is a giant U.S utility with a pretty impressive dividend history, having increased its payout annually for nearly three decades. And yet it's not your typical dividend-paying utility given that dividend growth has averaged a heady 10% per year over the past decade.If you are a growth and income investor, NextEra Energy should be on your radar screen now. Here are two key reasons why.1. NextEra Energy stock appears cheap todayThe big reason to be attracted to NextEra Energy right n ...

NextEra Energy (NYSE:NEE) stock is on the move Tuesday after Evercore ISI analysts initiated coverage of the wind, solar, nuclear, coal and natural gas power company’s shares this morning.Analyst Michael Lonegan is behind this news as he starts coverage of NEE stock with an “outperform” rating. To put that in perspective, the analysts’ consensus rating for NEE shares is moderate buy based on 13 opinions.That new rating for NextEra Energy shares also comes with a price target of $43. That represents a potent ...

Engineers working at a solar power plant. Luis Alvarez I believe the key to my journey toward achieving success as a long-term investor started by expressing a simple truth: I don't have a crystal ball. I recognize that in the short term, fundamentals are often overshadowed by market sentiment. In a one-year timeframe, Dividend Kings estimates that merely 5% of total returns are explained by fundamentals and valuation. But over time, market sentiment tends to more appropriately reflect fundamentals. Over ...

NextEra Energy (NEE 0.86%) is something of a unique dividend stock in the utility sector. While utilities are traditionally known as slow and steady income investments, NextEra Energy has grown its dividend at a 10% clip over the past decade. That's incredibly fast for a utility and there's no sign that this pace is set to change over the near term.NextEra Energy is a mix of two businessesOne of the most important things that investors need to know about NextEra Energy is that it is really two businesses in ...

pixdeluxe NextEra Energy (NYSE:NEE) (NEP) reported a strong end to FY23 with both strength at the top line and durable EBITDA margin expansion, with total backlog growing to 20GW. The firm anticipates exceptional growth throughout the next 3 years and anticipates to grow the NEP distribution by 6% annually through 2027 and the NEE dividend by 10% in 2024 for a forward yield of 12% and 3.5%, respectively, making each an appealing holding. I provide both NEE and NEP a BUY recommendation with a price targe ...