NextEra Energy (NYSE:NEE) Posts 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 (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.11, Briefing.com reports. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The business had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same period last year, the firm posted $0.84 earnings per share. The business’s revenue was down 14.7% on a year-over-year basis.

NextEra Energy Stock Performance

Shares of NEE stock traded down $0.59 during trading on Friday, hitting $66.31. The company’s stock had a trading volume of 1,509,730 shares, compared to its average volume of 11,803,111. The company has a current ratio of 0.51, a quick ratio of 0.47 and a debt-to-equity ratio of 1.12. The company has a market cap of $136.24 billion, a PE ratio of 18.23, a P/E/G ratio of 2.45 and a beta of 0.51. NextEra Energy has a 52 week low of $47.15 and a 52 week high of $78.53. The business has a fifty day moving average of $60.67 and a 200-day moving average of $58.94.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date was Monday, February 26th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio is 56.13%.

Analysts Set New Price Targets

NEE has been the subject of several research reports. Bank of America raised their price objective on shares of NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday. Mizuho increased their price target on NextEra Energy from $67.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday. Guggenheim increased their target price on NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Scotiabank increased their price target on shares of NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a report on Monday. Finally, StockNews.com upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.50.

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.