NextEra Energy is one of the largest utility companies in the United States. The company has an incredible record of dividend growth.
NextEra Energy (NEE) reachead $72.81 at the closing of the latest trading day, reflecting a +0.48% change compared to its last close.
NextEra Energy (NEE) shares dropped over 3% in intraday trading Tuesday after the renewable energy provider announced plans to sell $2 billion of equity units to fund investments in new projects and potentially to reduce debt.
Investors are getting the right to buy stock and some debt of the energy company.
NextEra Energy will sell shares to raise funds. The company plans to use part of the proceeds to fund growth.
The shares of NextEra Energy Inc (NYSE:NEE) are down 3.8% to trade at $69.55, and earlier fell as low as $68.97, after the utility company announced the sale of $2 billion equity units to Wells Fargo and BofA Global Securities.
NextEra Energy (NYSE: NEE ) stock is trending on social media and business news websites, and its shares are down about 4% in early trading. The company plans to sell $2 billion of equity units.
NextEra Energy will sell $2 billion in equity units, priced at $50 a piece, which serve as a contract to purchase shares no later than June 1, 2027. NextEra's stock has risen 20% over the past three months as analysts and investors see utilities benefiting from rising power demand.
Utility firm NextEra Energy said on Monday it intends to sell $2 billion of equity units, each issued in a stated amount of $50.
If nothing else, analyst ratings and price targets can provide an indication of sentiment towards a stock. However, just because analysts are bullish or bearish on a particular security doesn't mean that it is going to rise or fall.
NextEra Energy has grown its earnings and dividend at above-average rates over the last 10 years. It recently extended its growth outlook by another year, until 2027.
NextEra Energy expects 6% to 8% earnings growth per year through at least 2027. Management is targeting 10% dividend growth annually through at least 2026.