Is NextEra Energy (NEE) really worth 27.3 times its next 12 months’ expected earnings? And at more than 19 percent of the price-weighted Dow Jones Utility Average, NextEra is heavily represented in all things utilities. They’re also a major contributor to earnings at the NextEra Energy Partners affiliate. At the current price, NextEra trades at 22 times the upper end of management’s earnings per share guidance for 2022. And assuming the upper end of target dividend growth rate, it yields about 3.2 percent based on the projected 2022 payout.

Source: Forbes October 24, 2019 15:45 UTC