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, coal, and natural gas facilities. 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. As of December 31, 2021, the company had approximately 28,564 megawatts of net generating capacity; approximately 77,000 circuit miles of transmission and distribution lines; and 696 substations. It serves approximately 11 million people through approximately 5.7 million customer accounts in the east and lower west coasts of Florida. The company was formerly known as FPL Group, Inc. and changed its name to NextEra Energy, Inc. in 2010. The company was founded in 1925 and is headquartered in Juno Beach, Florida.
NextEra Energy Price Performance
Shares of NEE opened at $90.24 on Friday. The firm has a market cap of $177.30 billion, a PE ratio of 68.89, a P/E/G ratio of 3.39 and a beta of 0.47. The company has a current ratio of 0.53, a quick ratio of 0.47 and a debt-to-equity ratio of 1.20. The firm has a fifty day simple moving average of $80.85 and a two-hundred day simple moving average of $78.84. NextEra Energy has a 1-year low of $67.22 and a 1-year high of $93.73.
NextEra Energy (NYSE:NEE - Get Rating) last posted its quarterly earnings data on Friday, July 22nd. The utilities provider reported $0.81 EPS for the quarter, topping the consensus estimate of $0.73 by $0.08. The firm had revenue of $5.18 billion during the quarter, compared to analyst estimates of $5.26 billion. NextEra Energy had a return on equity of 11.97% and a net margin of 14.75%. NextEra Energy's revenue was up 32.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.71 EPS. On average, equities analysts anticipate that NextEra Energy will post 2.87 EPS for the current year.
NextEra Energy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Tuesday, August 30th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 1.88%. The ex-dividend date is Monday, August 29th. NextEra Energy's dividend payout ratio is currently 129.77%.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on NEE shares. Credit Suisse Group set a $76.00 price target on NextEra Energy in a research report on Monday, June 20th. Evercore ISI reissued a "hold" rating and issued a $90.00 price target on shares of NextEra Energy in a research report on Friday, April 22nd. Seaport Res Ptn cut NextEra Energy from a "buy" rating to a "neutral" rating in a research report on Tuesday, July 26th. Morgan Stanley boosted their price target on NextEra Energy from $83.00 to $94.00 and gave the stock an "equal weight" rating in a research report on Thursday. Finally, TheStreet raised NextEra Energy from a "c+" rating to a "b" rating in a research report on Friday, July 22nd. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $90.44.
Insider Buying and Selling
In other news, CEO John W. Ketchum bought 12,909 shares of the company's stock in a transaction that occurred on Friday, July 1st. The stock was bought at an average price of $78.33 per share, with a total value of $1,011,161.97. Following the acquisition, the chief executive officer now owns 132,894 shares of the company's stock, valued at approximately $10,409,587.02. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.38% of the stock is currently owned by insiders.