NextEra Energy (NYSE:NEE) Issues FY19 Earnings Guidance

NextEra Energy (NYSE:NEE) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided EPS guidance of approx $8.32 for the period, compared to the Thomson Reuters consensus EPS estimate of $8.38. NextEra Energy also updated its FY 2019 guidance to $8.32 EPS.

NYSE:NEE traded up $2.83 during mid-day trading on Tuesday, hitting $235.63. The stock had a trading volume of 56,044 shares, compared to its average volume of 1,876,214. The stock has a market capitalization of $111.38 billion, a price-to-earnings ratio of 30.62, a P/E/G ratio of 3.46 and a beta of 0.18. The company has a 50 day simple moving average of $226.80 and a 200-day simple moving average of $209.52. NextEra Energy has a 52 week low of $164.78 and a 52 week high of $234.27. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 0.88.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, October 22nd. The utilities provider reported $2.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.27 by $0.12. The firm had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.14 billion. NextEra Energy had a net margin of 18.73% and a return on equity of 10.46%. NextEra Energy’s quarterly revenue was up 26.1% compared to the same quarter last year. During the same period last year, the firm posted $2.18 EPS. As a group, equities research analysts anticipate that NextEra Energy will post 8.38 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.12%. NextEra Energy’s dividend payout ratio is presently 64.94%.

Several analysts recently weighed in on NEE shares. JPMorgan Chase & Co. lifted their price objective on shares of NextEra Energy from $214.00 to $252.00 and gave the company an overweight rating in a research report on Monday, October 14th. Bank of America boosted their price objective on shares of NextEra Energy from $215.00 to $225.00 and gave the stock a buy rating in a research note on Tuesday, June 25th. UBS Group boosted their price objective on shares of NextEra Energy from $240.00 to $250.00 and gave the stock a buy rating in a research note on Friday, September 6th. ValuEngine lowered shares of NextEra Energy from a buy rating to a hold rating in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Co set a $240.00 target price on shares of NextEra Energy and gave the stock a buy rating in a research report on Tuesday, September 3rd. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $224.00.

In other news, Director Rudy E. Schupp sold 1,600 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $231.32, for a total transaction of $370,112.00. Following the completion of the transaction, the director now directly owns 16,237 shares of the company’s stock, valued at approximately $3,755,942.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO James L. Robo sold 44,537 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $216.85, for a total transaction of $9,657,848.45. The disclosure for this sale can be found here. Insiders have sold 97,576 shares of company stock worth $21,514,886 in the last ninety days. 0.48% of the stock is currently owned by insiders.

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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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