NextEra Energy (NYSE:NEE) Issues FY25 Earnings Guidance

NextEra Energy (NYSE:NEE) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share guidance of $3.45-3.70 for the period, compared to the consensus earnings per share estimate of $3.69. NextEra Energy also updated its FY 2024 guidance to 3.230-3.430 EPS.

NextEra Energy Stock Performance

Shares of NEE stock opened at $81.43 on Friday. NextEra Energy has a 1 year low of $53.81 and a 1 year high of $86.10. The stock has a market cap of $167.30 billion, a PE ratio of 22.19, a P/E/G ratio of 2.92 and a beta of 0.56. The stock has a fifty day moving average price of $82.36 and a 200 day moving average price of $76.12. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.98 by $0.05. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The business had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same period in the prior year, the business earned $0.94 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. Sell-side analysts forecast that NextEra Energy will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be given a $0.515 dividend. The ex-dividend date is Friday, November 22nd. This represents a $2.06 annualized dividend and a dividend yield of 2.53%. NextEra Energy’s dividend payout ratio is currently 56.13%.

Wall Street Analyst Weigh In

NEE has been the topic of a number of recent research reports. Scotiabank upped their target price on shares of NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Morgan Stanley boosted their price target on NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Wells Fargo & Company raised their price objective on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a report on Tuesday, September 3rd. Barclays upped their target price on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, Jefferies Financial Group assumed coverage on NextEra Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $87.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, NextEra Energy currently has a consensus rating of “Hold” and a consensus target price of $86.54.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $76.97, for a total transaction of $50,646.26. Following the sale, the executive vice president now directly owns 100 shares in the company, valued at approximately $7,697. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.18% of the company’s stock.

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.