NextEra Energy (NYSE:NEE) Posts Earnings Results, Beats Estimates By $0.12 EPS

NextEra Energy (NYSE:NEE) posted its quarterly earnings results on Tuesday. The utilities provider reported $2.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.12, RTT News reports. NextEra Energy had a return on equity of 10.46% and a net margin of 18.73%. The business had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter in the prior year, the company earned $2.18 EPS. The business’s revenue was up 26.1% compared to the same quarter last year.

Shares of NYSE NEE opened at $232.80 on Tuesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.52 and a quick ratio of 0.42. The stock has a market capitalization of $111.38 billion, a P/E ratio of 30.23, a price-to-earnings-growth ratio of 3.46 and a beta of 0.18. NextEra Energy has a 1-year low of $164.78 and a 1-year high of $234.27. The business has a fifty day moving average price of $226.80 and a 200 day moving average price of $209.52.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a dividend of $1.25 per share. 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 currently 64.94%.

In other NextEra Energy news, CEO James L. Robo sold 44,537 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $216.85, for a total value of $9,657,848.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rudy E. Schupp sold 1,600 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $231.32, for a total value of $370,112.00. Following the completion of the sale, the director now owns 16,237 shares of the company’s stock, valued at $3,755,942.84. The disclosure for this sale can be found here. Insiders have sold a total of 97,576 shares of company stock valued at $21,514,886 over the last 90 days. 0.48% of the stock is currently owned by company insiders.

A number of equities analysts have recently issued reports on the company. KeyCorp increased their price target on NextEra Energy from $231.00 to $242.00 and gave the stock an “overweight” rating in a research report on Monday. Morgan Stanley increased their price target on NextEra Energy from $241.00 to $242.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Credit Suisse Group increased their price target on NextEra Energy from $231.00 to $232.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. ValuEngine downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Barclays downgraded NextEra Energy from an “overweight” rating to an “equal weight” rating and set a $218.00 price target on the stock. in a research report on Tuesday, August 13th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $224.00.

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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Earnings History for NextEra Energy (NYSE:NEE)

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