NextEra Energy (NYSE:NEE) Releases Quarterly Earnings Results, Beats Expectations By $0.11 EPS

NextEra Energy (NYSE:NEE) posted its quarterly earnings data on Tuesday. The utilities provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.11, Briefing.com reports. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. The company had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same period in the prior year, the company posted $0.84 earnings per share. NextEra Energy’s revenue for the quarter was down 14.7% compared to the same quarter last year.

NextEra Energy Stock Up 1.3 %

Shares of NextEra Energy stock opened at $66.18 on Wednesday. The company has a current ratio of 0.55, a quick ratio of 0.47 and a debt-to-equity ratio of 1.06. The company’s fifty day simple moving average is $60.26 and its two-hundred day simple moving average is $58.83. The company has a market cap of $135.83 billion, a P/E ratio of 18.33, a PEG ratio of 2.35 and a beta of 0.51. NextEra Energy has a 12-month low of $47.15 and a 12-month high of $79.25.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were given a dividend of $0.515 per share. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date was Monday, February 26th. NextEra Energy’s payout ratio is presently 57.06%.

Analysts Set New Price Targets

A number of research firms have weighed in on NEE. Guggenheim raised their price objective on shares of NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Barclays assumed coverage on shares of NextEra Energy in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 price target on the stock. Royal Bank of Canada restated an “outperform” rating and set a $74.00 price objective on shares of NextEra Energy in a report on Tuesday, January 30th. Morgan Stanley lifted their target price on shares of NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Bank of America lifted their target price on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $70.93.

About NextEra Energy

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.