NextEra Energy (NYSE:NEE) Issues Earnings Results

NextEra Energy (NYSE:NEE - Get Free Report) released its quarterly earnings results on Tuesday. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.11, Briefing.com reports. The business had revenue of $5.73 billion during the quarter, compared to analysts' expectations of $6.28 billion. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. The firm's revenue for the quarter was down 14.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.84 earnings per share.

NextEra Energy Trading Up 1.3 %

Shares of NYSE NEE traded up $0.87 during trading on Tuesday, reaching $66.18. The stock had a trading volume of 14,348,517 shares, compared to its average volume of 11,940,309. NextEra Energy has a fifty-two week low of $47.15 and a fifty-two week high of $79.25. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.47 and a current ratio of 0.55. The business's 50-day moving average price is $60.04 and its 200-day moving average price is $58.72. The company has a market cap of $135.83 billion, a P/E ratio of 18.34, a PEG ratio of 2.31 and a beta of 0.51.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were paid a dividend of $0.515 per share. This is a boost from NextEra Energy's previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, February 26th. This represents a $2.06 annualized dividend and a yield of 3.11%. NextEra Energy's dividend payout ratio (DPR) is 57.06%.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Guggenheim boosted their target price on NextEra Energy from $70.00 to $80.00 and gave the company a "buy" rating in a research note on Monday, January 22nd. Wells Fargo & Company raised their price objective on NextEra Energy from $84.00 to $85.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 19th. Scotiabank lifted their price target on NextEra Energy from $69.00 to $73.00 and gave the stock a "sector outperform" rating in a report on Monday. Mizuho restated a "buy" rating and set a $67.00 target price (up from $65.00) on shares of NextEra Energy in a research report on Friday, March 15th. Finally, BMO Capital Markets lowered their target price on NextEra Energy from $77.00 to $68.00 and set an "outperform" rating for the company in a research note on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $70.93.

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,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.