NextEra Energy (NYSE:NEE) Issues FY 2024 Earnings Guidance

NextEra Energy (NYSE:NEE) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 3.230-3.430 for the period, compared to the consensus EPS estimate of 3.410. The company issued revenue guidance of -. NextEra Energy also updated its FY 2025 guidance to 3.450-3.700 EPS.

Wall Street Analyst Weigh In

NEE has been the subject of several recent analyst reports. Morgan Stanley increased their price objective on NextEra Energy from $79.00 to $83.00 and gave the stock an overweight rating in a research note on Tuesday, May 28th. Scotiabank boosted their price target on shares of NextEra Energy from $69.00 to $73.00 and gave the company a sector outperform rating in a research report on Monday, April 22nd. StockNews.com raised shares of NextEra Energy from a sell rating to a hold rating in a report on Thursday, May 2nd. Evercore ISI boosted their target price on NextEra Energy from $70.00 to $75.00 and gave the stock an in-line rating in a report on Wednesday, June 12th. Finally, Citigroup raised their price target on NextEra Energy from $69.00 to $84.00 and gave the company a buy rating in a report on Thursday, June 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $78.29.

NextEra Energy Stock Up 1.0 %

Shares of NEE traded up $0.81 during midday trading on Friday, hitting $79.20. The stock had a trading volume of 14,513,109 shares, compared to its average volume of 10,270,118. The firm has a market cap of $162.78 billion, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 2.84 and a beta of 0.54. The company has a 50 day simple moving average of $73.93 and a two-hundred day simple moving average of $66.68. NextEra Energy has a twelve month low of $47.15 and a twelve month high of $80.56. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. The company had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same period last year, the company earned $0.88 earnings per share. On average, analysts anticipate that NextEra Energy will post 3.39 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend is Friday, August 30th. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the transaction, the executive vice president now owns 100 shares in the company, valued at approximately $7,697. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.18% of the stock is owned by company insiders.

NextEra Energy Company Profile

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.