NextEra Energy (NYSE:NEE - Get Free Report) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $3.45-3.70 for the period, compared to the consensus estimate of $3.69. NextEra Energy also updated its FY24 guidance to $3.23-3.43 EPS.
A number of analysts have recently issued reports on NEE shares. Dbs Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 27th. Morgan Stanley upped their price objective on NextEra Energy from $87.00 to $90.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 25th. Jefferies Financial Group started coverage on NextEra Energy in a research note on Thursday, September 19th. They issued a "hold" rating and a $87.00 price target for the company. Bank of America lifted their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the company a "neutral" rating in a research report on Thursday, August 29th. Finally, Barclays upped their target price on shares of NextEra Energy from $76.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $85.46.
View Our Latest Research Report on NEE
Shares of NEE opened at $83.70 on Wednesday. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. The company's fifty day simple moving average is $82.05 and its 200-day simple moving average is $75.89. The company has a market cap of $171.95 billion, a P/E ratio of 22.81, a P/E/G ratio of 2.92 and a beta of 0.56. NextEra Energy has a twelve month low of $50.95 and a twelve month high of $86.10.
NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.03. The firm had revenue of $6.07 billion during the quarter, compared to analysts' expectations of $7.29 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. During the same period in the prior year, the business posted $0.88 EPS. As a group, analysts expect that NextEra Energy will post 3.4 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date is Friday, November 22nd. NextEra Energy's dividend payout ratio is currently 56.13%.
In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the transaction, the executive vice president now directly owns 100 shares of the company's stock, valued at approximately $7,697. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is currently owned by company insiders.
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.
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