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Why NextEra Energy’s action is rallying today

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What happened

Actions ofNextEra Energy(NYSE: NEE) jumped more than 5% at 10:45 a.m. EDT Tuesday. Feed theutility stockIt was news that he was dividing his stocks and an update on his growth forecast.

So what

NextEra Energy has revealed plans to price its stocks high (stocks approaching $ 300 each after today’s rally)more accessible to the average investor. The utility will adopt a 4-to-1 split, which it hopes to complete on October 27. Stock market divisions have become increasingly popular this year after tech giants like AppleandYou’re heremakes the headlinesdividing their stocks, which helped fuel more gains ahead of the recent sell-off in tech stocks.

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While NextEra’s stock division will not create any tangible value for investors, its other announcement should. The company said it now expects its earnings per share for 2021 to be $ 0.20 per share (pre-split) above its previous forecast. The company also plans to increase its earnings per share in 2022 and 2023 at an annual rate of 6% to 8% from this higher expected base. This updated forecast not only increases its near-term profit outlook, but extends it for another year as well. Strong execution and a great environment for development drives faster growth renewable energyprojects.

Now what

NextEra Energy has an excellent track record for generating above average earnings and dividend growth. This fueled a steadily rising trend in its share price, which put it out of reach for some investors. With the split, more investors will be able to afford stocks. Meanwhile, with its growth forecast accelerating, this is an even better long-term opportunity for all portfolio sizes.



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