NextEra Energy (NYSE:NEE) Releases Quarterly Earnings Results, Beats Estimates By $0.11 EPS

NextEra Energy (NYSE:NEE) issued its quarterly earnings results on Tuesday. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.11, Briefing.com reports. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The company had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $6.28 billion. During the same period last year, the firm earned $0.84 EPS. The firm’s revenue for the quarter was down 14.7% on a year-over-year basis.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $66.56 on Thursday. The stock has a market cap of $136.61 billion, a PE ratio of 18.14, a price-to-earnings-growth ratio of 2.38 and a beta of 0.51. The business has a fifty day simple moving average of $60.47 and a 200-day simple moving average of $58.89. The company has a quick ratio of 0.47, a current ratio of 0.51 and a debt-to-equity ratio of 1.12. NextEra Energy has a 12 month low of $47.15 and a 12 month high of $79.10.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were given a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend was Monday, February 26th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio (DPR) is 56.13%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on NEE shares. Bank of America lifted their price target on NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday. Morgan Stanley lifted their price target on NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Monday. Mizuho lifted their price target on NextEra Energy from $67.00 to $71.00 and gave the company a “buy” rating in a research report on Wednesday. Royal Bank of Canada reissued an “outperform” rating and set a $74.00 price objective on shares of NextEra Energy in a research note on Tuesday, January 30th. Finally, StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $71.21.

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.