NextEra Energy (NYSE:NEE) Issues FY24 Earnings Guidance

NextEra Energy (NYSE:NEE) updated its FY24 earnings guidance on Wednesday. The company provided EPS guidance of $3.23-3.43 for the period, compared to the consensus EPS estimate of $3.41. NextEra Energy also updated its FY25 guidance to $3.45-3.70 EPS.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Barclays reduced their price target on shares of NextEra Energy from $73.00 to $72.00 and set an equal weight rating on the stock in a research note on Tuesday, July 9th. Mizuho downgraded shares of NextEra Energy from a buy rating to a neutral rating and set a $71.00 price target on the stock. in a research note on Wednesday, June 12th. Citigroup lifted their price objective on shares of NextEra Energy from $69.00 to $84.00 and gave the company a buy rating in a report on Thursday, June 27th. Bank of America lifted their price objective on shares of NextEra Energy from $61.00 to $67.00 and gave the company a neutral rating in a report on Tuesday, April 23rd. Finally, StockNews.com upgraded shares of NextEra Energy from a sell rating to a hold rating in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy currently has a consensus rating of Moderate Buy and an average target price of $77.79.

NextEra Energy Stock Down 2.3 %

NYSE NEE traded down $1.77 on Thursday, hitting $73.64. 6,451,014 shares of the stock were exchanged, compared to its average volume of 11,703,112. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.12. NextEra Energy has a fifty-two week low of $47.15 and a fifty-two week high of $80.47. The company has a market cap of $151.30 billion, a PE ratio of 20.21, a PEG ratio of 2.47 and a beta of 0.54. The company has a 50-day moving average price of $74.00 and a 200-day moving average price of $65.92.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The company had revenue of $6.07 billion during the quarter, compared to analysts’ expectations of $7.29 billion. During the same quarter in the previous year, the business posted $0.88 EPS. Sell-side analysts anticipate that NextEra Energy will post 3.4 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were issued a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend was Monday, June 3rd. NextEra Energy’s payout ratio is 56.13%.

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,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.