NextEra Energy (NYSE:NEE) Updates FY 2019 Earnings Guidance

NextEra Energy (NYSE:NEE) updated its FY 2019 earnings guidance on Tuesday. The company provided earnings per share guidance of $8.32 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $8.38. NextEra Energy also updated its FY 2022 guidance to $10.00-10.75 EPS.

NEE has been the topic of a number of research analyst reports. Barclays downgraded shares of NextEra Energy from an overweight rating to an equal weight rating and set a $218.00 price objective on the stock. in a research report on Tuesday, August 13th. Morgan Stanley increased their price objective on shares of NextEra Energy from $241.00 to $242.00 and gave the company an overweight rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. increased 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. Guggenheim increased their price objective on shares of NextEra Energy from $230.00 to $250.00 and gave the company a buy rating in a research report on Wednesday, October 9th. Finally, KeyCorp increased their price objective on shares of NextEra Energy from $231.00 to $242.00 and gave the company an overweight rating in a research report on Monday. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. NextEra Energy currently has a consensus rating of Buy and a consensus target price of $224.00.

Shares of NEE stock opened at $232.80 on Tuesday. NextEra Energy has a 12 month low of $164.78 and a 12 month high of $234.27. The stock has a market cap of $111.38 billion, a P/E ratio of 30.23, a P/E/G ratio of 3.46 and a beta of 0.18. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 0.88. The company has a 50 day simple moving average of $226.80 and a two-hundred day simple moving average of $209.52.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 24th. The utilities provider reported $2.35 EPS for the quarter, beating the Zacks’ consensus estimate of $2.28 by $0.07. NextEra Energy had a net margin of 18.73% and a return on equity of 10.46%. The business had revenue of $4.97 billion during the quarter, compared to analysts’ expectations of $4.68 billion. During the same period in the prior year, the company earned $2.08 earnings per share. The firm’s revenue was up 22.3% on a year-over-year basis. As a group, equities analysts forecast 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. Stockholders of record on Friday, November 29th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.15%. NextEra Energy’s dividend payout ratio (DPR) is presently 64.94%.

In other news, Director Sherry S. Barrat sold 4,700 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $218.57, for a total value of $1,027,279.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rudy E. Schupp sold 1,600 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $231.32, for a total transaction of $370,112.00. Following the completion of the sale, the director now directly owns 16,237 shares of the company’s stock, valued at $3,755,942.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 97,576 shares of company stock valued at $21,514,886. Corporate insiders own 0.48% 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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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