NextEra Energy (NYSE:NEE) Releases FY 2022 Earnings Guidance

NextEra Energy (NYSE:NEE) updated its FY 2022 earnings guidance on Tuesday. The company provided earnings per share guidance of $10.00-10.75 for the period. NextEra Energy also updated its FY 2019 guidance to $8.32 EPS.

A number of research firms have recently commented on NEE. Morgan Stanley upped their target price on NextEra Energy from $241.00 to $242.00 and gave the company an overweight rating in a research note on Thursday, October 17th. KeyCorp upped their target price on NextEra Energy from $231.00 to $242.00 and gave the company an overweight rating in a research note on Monday. Credit Suisse Group upped their target price on NextEra Energy from $231.00 to $232.00 and gave the company an outperform rating in a research note on Friday, July 26th. Wells Fargo & Co upped their target price on NextEra Energy from $240.00 to $260.00 and gave the company an outperform rating in a research note on Wednesday. Finally, UBS Group upped their target price on NextEra Energy from $240.00 to $250.00 and gave the company a buy rating in a research note on Friday, September 6th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. NextEra Energy has an average rating of Buy and a consensus target price of $225.43.

NYSE:NEE traded up $0.59 during midday trading on Thursday, hitting $236.59. The stock had a trading volume of 405,459 shares, compared to its average volume of 1,930,462. NextEra Energy has a one year low of $164.78 and a one year high of $239.89. The company has a market capitalization of $113.18 billion, a price-to-earnings ratio of 30.73, a PEG ratio of 3.56 and a beta of 0.18. The stock has a 50-day moving average of $227.50 and a 200 day moving average of $209.99. The company has a quick ratio of 0.42, a current ratio of 0.58 and a debt-to-equity ratio of 0.90.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, October 22nd. The utilities provider reported $2.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.12. NextEra Energy had a return on equity of 10.59% and a net margin of 16.92%. The company had revenue of $5.57 billion for the quarter, compared to analysts’ expectations of $5.14 billion. During the same quarter in the prior year, the firm earned $2.18 earnings per share. NextEra Energy’s revenue was up 26.1% compared to the same quarter last year. On average, sell-side analysts anticipate that NextEra Energy will post 8.32 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors 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 2.11%. NextEra Energy’s dividend payout ratio (DPR) is currently 64.94%.

In related news, CEO James L. Robo sold 44,537 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $216.85, for a total value of $9,657,848.45. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Charles E. Sieving sold 4,987 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $222.52, for a total value of $1,109,707.24. Following the completion of the transaction, the executive vice president now directly owns 46,467 shares in the company, valued at approximately $10,339,836.84. The disclosure for this sale can be found here. In the last three months, insiders sold 97,576 shares of company stock worth $21,514,886. 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.

Featured Article: Calculating net profit and net profit margin ratio

Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.