NextEra Energy (NYSE:NEE) Posts Quarterly Earnings Results, Beats Expectations By $0.12 EPS

NextEra Energy (NYSE:NEE) released its quarterly earnings data on Tuesday. The utilities provider reported $2.39 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.12, RTT News reports. The firm had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.14 billion. NextEra Energy had a return on equity of 10.59% and a net margin of 16.92%. The firm’s quarterly revenue was up 26.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.18 earnings per share.

NEE opened at $236.00 on Thursday. The business’s 50-day moving average is $227.50 and its two-hundred day moving average is $209.99. NextEra Energy has a 1 year low of $164.78 and a 1 year high of $239.89. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.58 and a quick ratio of 0.42. The firm has a market capitalization of $113.18 billion, a PE ratio of 30.65, a price-to-earnings-growth ratio of 3.56 and a beta of 0.18.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a $1.25 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $5.00 annualized dividend and a yield of 2.12%. NextEra Energy’s dividend payout ratio (DPR) is presently 64.94%.

NEE has been the subject of several recent research reports. Credit Suisse Group lifted their price objective on NextEra Energy from $231.00 to $232.00 and gave the company an “outperform” rating in a report on Friday, July 26th. UBS Group lifted their price objective on NextEra Energy from $240.00 to $250.00 and gave the company a “buy” rating in a report on Friday, September 6th. Guggenheim lifted their price objective on NextEra Energy from $230.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Barclays downgraded NextEra Energy from an “overweight” rating to an “equal weight” rating and set a $218.00 price objective for the company. in a report on Tuesday, August 13th. Finally, Wells Fargo & Co lifted their price objective on NextEra Energy from $240.00 to $260.00 and gave the company an “outperform” rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $225.43.

In other NextEra Energy news, Director Rudy E. Schupp sold 1,600 shares of NextEra Energy stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $231.32, for a total value of $370,112.00. Following the transaction, the director now owns 16,237 shares in the company, valued at $3,755,942.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James L. Robo sold 44,537 shares of NextEra Energy stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $216.85, for a total value of $9,657,848.45. The disclosure for this sale can be found here. Insiders sold 97,576 shares of company stock worth $21,514,886 in the last quarter. 0.48% of the stock is owned by insiders.

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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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Earnings History for NextEra Energy (NYSE:NEE)

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