NextEra Energy (NYSE:NEE) Releases FY24 Earnings Guidance

NextEra Energy (NYSE:NEEGet Free Report) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share guidance of $3.23-$3.43 for the period, compared to the consensus earnings per share estimate of $3.41. NextEra Energy also updated its FY 2027 guidance to 3.850-4.320 EPS.

NextEra Energy Trading Up 1.3 %

Shares of NEE opened at $73.18 on Friday. NextEra Energy has a 12 month low of $47.15 and a 12 month high of $80.47. The stock’s 50-day moving average is $71.37 and its two-hundred day moving average is $63.44. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43. The stock has a market cap of $150.35 billion, a PE ratio of 19.94, a P/E/G ratio of 2.65 and a beta of 0.56.

NextEra Energy (NYSE:NEEGet Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The firm had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. NextEra Energy’s quarterly revenue was down 14.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.84 EPS. Equities analysts forecast that NextEra Energy will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Monday, June 3rd. NextEra Energy’s dividend payout ratio is currently 56.13%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on NEE shares. Evercore ISI upped their target price on NextEra Energy from $70.00 to $75.00 and gave the company an in-line rating in a research report on Wednesday. Barclays cut their price target on shares of NextEra Energy from $74.00 to $73.00 and set an equal weight rating on the stock in a report on Thursday. Morgan Stanley raised their price objective on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an overweight rating in a report on Tuesday, May 28th. Scotiabank upped their target price on shares of NextEra Energy from $69.00 to $73.00 and gave the company a sector outperform rating in a research note on Monday, April 22nd. Finally, upgraded NextEra Energy from a sell rating to a hold rating in a research note on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $74.86.

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NextEra Energy Company Profile

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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.

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Earnings History and Estimates for NextEra Energy (NYSE:NEE)

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