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.
Wall Street Analyst Weigh In
NEE has been the subject of a number of analyst reports. Barclays lowered their target price on 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 decreased their price target on shares of NextEra Energy from $105.00 to $93.00 in a research note on Monday, June 13th. Evercore ISI reissued a "hold" rating and issued a $90.00 target price on shares of NextEra Energy in a research note on Friday, April 22nd. Guggenheim reiterated a "buy" rating and issued a $91.00 target price on shares of NextEra Energy in a report on Friday, July 22nd. Finally, Credit Suisse Group set a $76.00 price target on shares of NextEra Energy in a research note on Monday, June 20th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, NextEra Energy presently has a consensus rating of "Moderate Buy" and an average price target of $89.22.
NextEra Energy Trading Up 0.6 %
Shares of NextEra Energy stock opened at $91.00 on Tuesday. NextEra Energy has a 52-week low of $67.22 and a 52-week 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 company's fifty day moving average price is $80.15 and its two-hundred day moving average price is $78.59. The firm has a market capitalization of $178.79 billion, a PE ratio of 69.47, a price-to-earnings-growth ratio of 3.39 and a beta of 0.47.
NextEra Energy (NYSE:NEE - Get Rating) last released its earnings results on Friday, July 22nd. The utilities provider reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.73 by $0.08. The company had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.26 billion. NextEra Energy had a net margin of 14.75% and a return on equity of 11.97%. The company's revenue was up 32.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.71 EPS. On average, analysts expect that NextEra Energy will post 2.87 EPS for the current year.
NextEra Energy Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Tuesday, August 30th will be given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend is Monday, August 29th. NextEra Energy's payout ratio is currently 129.77%.
Insider Buying and Selling at NextEra Energy
In related news, CEO John W. Ketchum acquired 12,909 shares of the business's stock in a transaction that occurred 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 completion of the purchase, the chief executive officer now directly owns 132,894 shares in the company, valued at $10,409,587.02. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.43% of the company's stock.