NextEra Energy (NYSE:NEE) Issues Earnings Results

NextEra Energy (NYSE:NEE) announced its quarterly earnings results on Wednesday. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.04, FiscalAI reports. NextEra Energy had a net margin of 32.40% and a return on equity of 12.28%. The business had revenue of $8.09 billion for the quarter, compared to analyst estimates of $8.47 billion.

NextEra Energy Stock Up 0.9%

Shares of NextEra Energy stock opened at $78.88 on Wednesday. The company has a current ratio of 0.53, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45. The company’s fifty day simple moving average is $80.86 and its two-hundred day simple moving average is $86.38. The company has a market cap of $164.54 billion, a P/E ratio of 17.73, a PEG ratio of 2.41 and a beta of 0.64. NextEra Energy has a 12-month low of $74.41 and a 12-month high of $98.75.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 28th were issued a $0.6232 dividend. The ex-dividend date was Friday, August 28th. This represents a $2.49 annualized dividend and a yield of 3.2%. NextEra Energy’s payout ratio is 55.96%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NEE. Seaport Research Partners reiterated a “sell” rating and set a $56.00 target price (up from $55.00) on shares of NextEra Energy in a report on Friday, October 2nd. Erste Group Bank cut NextEra Energy from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th. HC Wainwright restated a “buy” rating on shares of NextEra Energy in a report on Monday, July 27th. Sanford C. Bernstein restated an “outperform” rating and set a $108.00 price target on shares of NextEra Energy in a report on Monday, July 27th. Finally, Bank of America lowered their price target on NextEra Energy from $95.00 to $93.00 and set a “neutral” rating for the company in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and an average price target of $98.05.

NextEra Energy Company Profile

NextEra Energy, Inc is an energy infrastructure company headquartered in Juno Beach, Florida. Through its businesses, the company generates, transmits, distributes and sells electricity, with a focus on regulated utility operations and clean energy development.

Florida Power & Light Company, NextEra Energy’s principal regulated utility, serves customers across much of Florida. FPL operates electric generation, transmission and distribution infrastructure and provides retail electricity service to residential, commercial and industrial customers.

NextEra Energy Resources develops, owns and operates renewable energy and energy storage projects, including wind and solar facilities.