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 NYSE:NEE opened at $90.53 on Wednesday. The company's fifty day moving average price is $80.36 and its 200 day moving average price is $78.68. NextEra Energy has a 12 month low of $67.22 and a 12 month high of $93.73. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.53 and a quick ratio of 0.47. The firm has a market capitalization of $177.87 billion, a P/E ratio of 69.11, a P/E/G ratio of 3.39 and a beta of 0.47.
NextEra Energy (NYSE:NEE - Get Rating) last issued its quarterly earnings data on Friday, July 22nd. The utilities provider reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.08. NextEra Energy had a net margin of 14.75% and a return on equity of 11.97%. The company had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.26 billion. During the same period last year, the firm posted $0.71 EPS. NextEra Energy's revenue for the quarter was up 32.0% on a year-over-year basis. As a group, sell-side analysts predict that NextEra Energy will post 2.87 earnings per share for the current fiscal year.
NextEra Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Tuesday, August 30th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.88%. The ex-dividend date is Monday, August 29th. NextEra Energy's payout ratio is currently 129.77%.
Wall Street Analysts Forecast Growth
A number of analysts have commented on NEE shares. Barclays cut their price objective on shares of NextEra Energy from $90.00 to $86.00 and set an "equal weight" rating for the company in a report on Monday, July 18th. BMO Capital Markets cut their price objective on shares of NextEra Energy from $105.00 to $93.00 in a report on Monday, June 13th. Mizuho dropped their price target on shares of NextEra Energy from $88.00 to $81.00 and set a "buy" rating for the company in a research note on Monday, April 25th. Wells Fargo & Company increased their price target on shares of NextEra Energy from $107.00 to $115.00 and gave the company an "overweight" rating in a research note on Tuesday, August 9th. Finally, Seaport Res Ptn cut shares of NextEra Energy from a "buy" rating to a "neutral" rating in a research report on Tuesday, July 26th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $89.22.
Insiders Place Their Bets
In other NextEra Energy news, CEO John W. Ketchum acquired 12,909 shares of the stock in a transaction on Friday, July 1st. The shares were bought at an average cost of $78.33 per share, with a total value of $1,011,161.97. Following the transaction, the chief executive officer now owns 132,894 shares of the company's stock, valued at approximately $10,409,587.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.43% of the stock is currently owned by insiders.