NextEra Energy (NYSE:NEE) Releases FY20 Earnings Guidance

NextEra Energy (NYSE:NEE) updated its FY20 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of $8.70-9.20 for the period, compared to the Thomson Reuters consensus estimate of $9.07. NextEra Energy also updated its FY 2020
Pre-Market guidance to 8.70-9.20 EPS.

NextEra Energy stock opened at $260.08 on Friday. The firm has a market cap of $127.03 billion, a price-to-earnings ratio of 39.05, a PEG ratio of 3.54 and a beta of 0.15. The stock has a fifty day simple moving average of $242.64 and a two-hundred day simple moving average of $228.10. NextEra Energy has a 12 month low of $171.74 and a 12 month high of $262.75. The company has a current ratio of 0.58, a quick ratio of 0.47 and a debt-to-equity ratio of 0.90.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, October 22nd. The utilities provider reported $2.39 EPS for the quarter, topping the Zacks’ consensus estimate of $2.27 by $0.12. The business had revenue of $5.57 billion during the quarter, compared to analyst estimates of $5.14 billion. NextEra Energy had a return on equity of 10.59% and a net margin of 16.92%. The company’s quarterly revenue was up 26.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.18 EPS. On average, equities research analysts forecast that NextEra Energy will post 8.4 EPS for the current fiscal year.

NEE has been the subject of a number of research analyst reports. Wells Fargo & Co lifted their target price on NextEra Energy from $240.00 to $260.00 and gave the stock an outperform rating in a report on Wednesday, October 23rd. ValuEngine lowered NextEra Energy from a buy rating to a hold rating in a report on Wednesday, October 2nd. Goldman Sachs Group lowered NextEra Energy from a buy rating to a neutral rating and lifted their target price for the stock from $236.00 to $256.00 in a report on Wednesday, January 15th. Morgan Stanley lifted their target price on NextEra Energy from $240.00 to $245.00 and gave the stock an overweight rating in a report on Wednesday. Finally, JPMorgan Chase & Co. lifted their target price on NextEra Energy from $214.00 to $252.00 and gave the stock an overweight rating in a report on Monday, October 14th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. NextEra Energy has an average rating of Buy and an average price target of $239.79.

In related news, Director Rudy E. Schupp sold 1,600 shares of NextEra Energy stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $239.37, for a total value of $382,992.00. Following the completion of the sale, the director now owns 14,897 shares of the company’s stock, valued at $3,565,894.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James L. Robo sold 10,000 shares of NextEra Energy stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $234.39, for a total value of $2,343,900.00. Insiders own 0.48% of the company’s stock.

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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