NextEra Energy (NYSE:NEE) Announces Earnings Results, Beats Estimates By $0.04 EPS

NextEra Energy (NYSE:NEE) posted its quarterly earnings data on Wednesday. The utilities provider reported $1.24 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $8.47 billion.

NextEra Energy Stock Performance

NextEra Energy stock opened at $78.88 on Wednesday. NextEra Energy has a 12-month low of $74.41 and a 12-month high of $98.75. The company has a quick ratio of 0.44, a current ratio of 0.53 and a debt-to-equity ratio of 1.45. The business’s 50-day moving average price is $80.86 and its two-hundred day moving average price is $86.38. The stock has a market cap of $164.54 billion, a PE ratio of 17.73, a P/E/G ratio of 2.41 and a beta of 0.64.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Friday, August 28th were given a $0.6232 dividend. This represents a $2.49 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Friday, August 28th. NextEra Energy’s payout ratio is currently 55.96%.

Wall Street Analyst Weigh In

Several research firms have commented on NEE. BMO Capital Markets set a $88.00 target price on shares of NextEra Energy and gave the company an “outperform” rating in a report on Tuesday. Wall Street Zen raised shares of NextEra Energy from a “strong sell” rating to a “sell” rating in a report on Saturday. Mizuho cut their price target on shares of NextEra Energy from $95.00 to $80.00 and set a “neutral” rating for the company in a report on Tuesday, October 6th. HC Wainwright reiterated a “buy” rating on shares of NextEra Energy in a research report on Monday, July 27th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of NextEra Energy in a research note on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $98.05.

About NextEra Energy

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.