Certain things are necessary in order to exist in the modern world. Among them are electricity, water, telephones, television and the internet, so owning companies in these areas is always a great idea. In the area of energy generation NextEra Energy is a giant. But even more important to me is the knowledge that it's a utility with a very nice growing dividend.
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NextEra Energy, Inc. generates, transmits, and distributes electric energy in the United States and Canada. The company generates electricity from gas, oil, solar, coal, petroleum coke, nuclear, and wind sources. As of December 31, 2015, it served approximately 9.5 million people through approximately 4.8 million customer accounts in the east and lower west coasts of Florida. The company had approximately 46,400 megawatts of generating capacity. It also leases fiber-optic network capacity and dark fiber to telephone, wireless, and Internet companies. The company was formerly known as FPL Group, Inc. and changed its name to NextEra Energy, Inc. in 2010. NextEra Energy, Inc. was founded in 1984 and is headquartered in Juno Beach, Florida.
(Summary) (Company) Chart)
| 24 November 2016 Price $113.42 1yr Target $137.73 Analysts 15 Dividend $3.48 Payout Ratio 65.90% 1yr Cap Gain 21.43% Yield 3.06% 1yr Tot Return 24.49% P/E 21.47 PEG 3.11 Beta 0.22 | EPS (ttm) $5.28 EPS next yr $6.58 Forward P/E 17.23 EPS next 5yr 6.91% 1yr Price Support $45.46 Market Cap $53.32 Bil Revenues $16.53 Bil Earnings $2.45 Bil Profit Margin 14.82% Quick Ratio 0.50 Current Ratio 0.60 Debt/Equity 1.33 | 1yr RevGR 2.73% 3yr RevGR 6.97% 5yr RevGR 2.68% 1yr EarnGR 8.21% 3yr EarnGR 9.83% 5yr EarnGR 5.03% 1yr DivGR 6.20% 3yr DivGR 8.58% 5yr DivGR 15.47% ROA 2.90% ROE 10.60% |
Twenty years of dividend increases.
Company Operations
NextEra Energy, Inc.
NextEra Energy, Inc. (NYSE: NEE) is a leading clean energy company with consolidated revenues of approximately $17.5 billion and approximately 14,300 employees in 27 states and Canada as of year-end 2015, as well as approximately 45,000 megawatts of generating capacity, which includes megawatts associated with noncontrolling interests related to NextEra Energy Partners, LP (NYSE: NEP) as of April 2016. 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. Through its subsidiaries, NextEra Energy generates clean, emissions-free electricity from eight commercial nuclear power units in Florida, New Hampshire, Iowa and Wisconsin. A Fortune 200 company and included in the S&P 100 index, NextEra Energy has been recognized for its efforts in sustainability, corporate responsibility, ethics and compliance, and diversity, and has been ranked No. 1 in the electric and gas utilities industry in Fortune’s 2016 list of “World's Most Admired Companies.”
NextEra Energy Resources
NextEra Energy Resources, LLC (together with its affiliated entities, "NextEra Energy Resources"), is a clean energy leader and is one of the largest wholesale generators of electric power in the U.S., with approximately 18,260 megawatts of generating capacity, which includes megawatts associated with noncontrolling interests related to NextEra Energy Partners, LP (NYSE: NEP), primarily in 25 states and Canada as of April 2016. NextEra Energy Resources, together with its affiliated entities, is the world’s largest generator of renewable energy from the wind and sun. The business operates clean, emissions-free nuclear power generation facilities in New Hampshire, Iowa and Wisconsin as part of the NextEra Energy nuclear fleet, which is one of the largest in the United States. NextEra Energy Resources, LLC is a subsidiary of Juno Beach, Fla.-based NextEra Energy, Inc. (NYSE: NEE).
Florida Power & Light
Florida Power & Light Company is the third-largest electric utility in the United States, serving more than 4.8 million customer accounts or more than 10 million people across nearly half of the state of Florida. FPL's typical 1,000-kWh residential customer bill is approximately 30 percent lower than the latest national average and, in 2015, was the lowest in Florida among reporting utilities for the sixth year in a row. FPL's service reliability is better than 99.98 percent, and its highly fuel-efficient power plant fleet is one of the cleanest among all utilities nationwide. The company received the top ranking in the southern U.S. among large electric providers, according to the J.D. Power 2016 Electric Utility Residential Customer Satisfaction StudySM, and was recognized in 2016 as one of the most trusted U.S. electric utilities by Market Strategies International. A leading Florida employer with approximately 8,800 employees, FPL is a subsidiary of Juno Beach, Fla.-based NextEra Energy, Inc. (NYSE: NEE), a clean energy company widely recognized for its efforts in sustainability, ethics and diversity, and has been ranked No. 1 in the electric and gas utilities industry in Fortune's 2016 list of "World's Most Admired Companies." NextEra Energy is also the parent company of NextEra Energy Resources, LLC, which, together with its affiliated entities, is the world's largest generator of renewable energy from the wind and sun.
NextEra Energy Partners, LP
NextEra Energy Partners, LP (NYSE: NEP) is a growth-oriented limited partnership formed by NextEra Energy, Inc. (NYSE: NEE) to acquire, manage and own contracted clean energy projects with stable, long-term cash flows. Headquartered in Juno Beach, Fla., NextEra Energy Partners owns interests in wind and solar projects in North America, as well as natural gas infrastructure assets in Texas. The renewable energy projects are fully contracted, use industry-leading technology and are located in regions that are favorable for generating energy from the wind and sun. The seven natural gas pipelines in the portfolio are all strategically located, serving power producers and municipalities in South Texas, processing plants and producers in the Eagle Ford Shale, and commercial and industrial customers in the Houston area. The NET Mexico Pipeline, the largest pipeline in the portfolio, provides a critical source of natural gas transportation for low-cost, U.S.-sourced shale gas to Mexico.
FPL FiberNet
FPL FiberNet, an award-winning provider of bandwidth infrastructure services, owns and operates its state-of-the-art, end-to-end fiber-optic network. FPL FiberNet delivers high-speed network solutions throughout most major metropolitan areas in Florida and Texas with additional connectivity throughout the United States. FPL FiberNet offers a full range of reliable fiber-optic solutions for businesses, public sector government and educational organizations, and national wholesale and wireless carriers. The company's service portfolio includes customized Ethernet and Dedicated Internet Access, direct-to-cloud connections, security and DDoS mitigation services.
Monthly Chart of NextEra Energy
My Path Forward
With the recent pullback in the price of the shares of NextEra Energy as well as the sustained increases in the dividend over the last twenty years, this company has become quite desirable to an investor like myself. I'm amazed that I don't have any utilities in my portfolio but maybe I should. And this would be a great addition at this recently pulled back price. I expect to start a position in this company next week. As always, I'll start with a small position and then allow that position to grow through dividend reinvestment, the sale of call options, and the accumulation of additional shares on the open market as the price dictates.
NextEra Energy Partners, LP acquires, owns, and operates contracted clean energy projects. It owns interests in wind and solar projects in North America, as well as in seven contracted natural gas pipeline assets in Texas. It has a portfolio of approximately 2,200 MW of renewable energy projects. The company was founded in 2014 and is headquartered in Juno Beach, Florida. (Summary) (Company)
 Weekly Chart for NextEra Energy Partners |  Dividend History |
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