Which Factors Could Drive NextEra Energy’s Dividends?
NextEra Energy stock outperformed its peers and rose more than 13% in the past year. In comparison, XLU rose 9% and SPY rose 12% during the same period.
NextEra Energy is expected to have higher dividend growth in the future. As a result, it’s an attractive investment proposition in the utilities space.
NextEra Energy (NEE) paid dividends of $3.48 per share in 2016. In 2017, it’s expected to pay dividends of $3.93 per share.
In 1Q17, NextEra Energy paid dividends of $0.98 per share, which implies annualized dividends of $3.93 per share. Its dividends rose 13% compared to 4Q16.
Duke Energy (DUK) is targeting an annual earnings growth rate of 4%–6% through 2021, which is in line with the industry average.
Duke Energy (DUK) paid $3.36 per share in dividends in 2016.
Duke Energy (DUK), a $57-billion energy giant, has paid increasing dividends for the past ten consecutive years.
Duke Energy (DUK), the largest regulated utility in the US, has declared a quarterly dividend of $0.855 per share.
In this part of the series, we’ll discuss the important dividend-yielding stocks of other sectors.
Since the elections, the S&P 500 (SPY) (SPX-INDEX) is up 15% driven by financials (XLF), technology (XLK) (SMH), industrials (XLI), and consumer discretionary (XLY).
The consensus Wall Street analyst price target for Duke Energy is $83.69. Its current market price is $82.40, implying a rise of just 1.4% over the next year.
On May 9, 2017, Duke Energy (DUK) stock was trading at an EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) valuation multiple near 10.3x.
Duke Energy (DUK) stock seems strong currently, as it continues to trade above its 50-day and 200-day moving average levels.
Duke Energy (DUK) has done quite well in terms of total returns compared to peers recently.
Duke Energy’s earnings per share fell 8% in 1Q17 compared to 1Q16.
Duke Energy (DUK), the largest regulated utility, reported its 1Q financial results on May 9, 2017.
AES has a one-year price target of $12.63—compared to its current price of $11.31. It implies estimated upside of nearly 12% in one year.
At $7 billion, AES Corporation (AES) seems to be trading at a relatively fair valuation compared to the industry average.
AES stock has had an uninspiring run in the last few months. It’s trading at par to its 50-day moving average and 3% below its 200-day moving average.
AES Corporation (AES) reported its first quarter financial results on May 8, 2017. It posted earnings of $0.17 per share in the reported quarter.