NextEra Energy (NYSE:NEE) Issues FY25 Earnings Guidance

NextEra Energy (NYSE:NEE) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $3.45-3.70 for the period, compared to the consensus estimate of $3.68. NextEra Energy also updated its FY 2024 guidance to 3.230-3.430 EPS.

Wall Street Analysts Forecast Growth

NEE has been the topic of several recent analyst reports. Mizuho upped their target price on shares of NextEra Energy from $67.00 to $71.00 and gave the stock a buy rating in a research report on Wednesday. Royal Bank of Canada restated an outperform rating and issued a $74.00 price target on shares of NextEra Energy in a report on Tuesday, January 30th. BMO Capital Markets raised their price objective on NextEra Energy from $70.00 to $72.00 and gave the company an outperform rating in a research note on Thursday. Morgan Stanley boosted their target price on NextEra Energy from $77.00 to $79.00 and gave the stock an overweight rating in a research report on Monday. Finally, StockNews.com raised NextEra Energy from a sell rating to a hold rating in a report on Monday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $71.50.

NextEra Energy Trading Up 0.5 %

Shares of NEE stock opened at $66.90 on Friday. NextEra Energy has a twelve month low of $47.15 and a twelve month high of $78.53. The company has a market capitalization of $137.45 billion, a price-to-earnings ratio of 18.23, a PEG ratio of 2.45 and a beta of 0.51. The firm has a 50-day moving average price of $60.67 and a 200 day moving average price of $58.94. The company has a current ratio of 0.51, a quick ratio of 0.47 and a debt-to-equity ratio of 1.12.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.11. 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 for the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter in the prior year, the firm posted $0.84 earnings per share. The company’s quarterly revenue was down 14.7% compared to the same quarter last year. Research analysts forecast that NextEra Energy will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were given a $0.515 dividend. The ex-dividend date was Monday, February 26th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.08%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s payout ratio is currently 56.13%.

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.