NextEra Energy (NYSE:NEE) Releases Quarterly Earnings Results

NextEra Energy (NYSE:NEE) announced its earnings results on Tuesday. The utilities provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.11, Briefing.com reports. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The company had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same period last year, the business posted $0.84 EPS. The company’s revenue was down 14.7% on a year-over-year basis.

NextEra Energy Stock Performance

Shares of NEE stock opened at $66.56 on Thursday. The stock has a fifty day moving average price of $60.47 and a 200 day moving average price of $58.89. The stock has a market cap of $136.61 billion, a PE ratio of 18.14, a P/E/G ratio of 2.38 and a beta of 0.51. NextEra Energy has a 1 year low of $47.15 and a 1 year high of $79.10. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.47 and a current ratio of 0.51.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were issued a dividend of $0.515 per share. The ex-dividend date was Monday, February 26th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a yield of 3.09%. NextEra Energy’s payout ratio is currently 56.13%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $74.00 target price on shares of NextEra Energy in a research note on Tuesday, January 30th. Wells Fargo & Company raised their price target on NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, March 19th. StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a report on Monday. BMO Capital Markets reduced their price target on NextEra Energy from $77.00 to $68.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Finally, Morgan Stanley raised their price target on NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $71.21.

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.