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

NextEra Energy (NYSE:NEE) issued an update on its FY 2022 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 2.550-2.750 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.720. The company issued revenue guidance of -.NextEra Energy also updated its FY 2021 guidance to 2.400-2.540 EPS.

Several research firms have commented on NEE. Bank of America reiterated a buy rating and set a $81.00 price objective on shares of NextEra Energy in a research report on Friday, January 15th. Wells Fargo & Company boosted their price objective on NextEra Energy from $85.00 to $100.00 and gave the stock an overweight rating in a research note on Wednesday, January 27th. Sanford C. Bernstein began coverage on NextEra Energy in a research report on Tuesday, March 9th. They set an outperform rating and a $88.00 price objective on the stock. Credit Suisse Group raised shares of NextEra Energy from a neutral rating to an outperform rating and lowered their target price for the company from $87.00 to $85.00 in a research note on Monday, March 15th. Finally, Morgan Stanley raised their target price on shares of NextEra Energy from $66.00 to $72.00 and gave the stock an equal weight rating in a research report on Monday, April 26th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $78.83.

Shares of NEE stock traded down $1.31 during mid-day trading on Tuesday, reaching $75.39. The stock had a trading volume of 300,570 shares, compared to its average volume of 8,816,527. NextEra Energy has a 1-year low of $55.65 and a 1-year high of $87.69. The firm has a market cap of $147.87 billion, a price-to-earnings ratio of 38.64, a PEG ratio of 4.07 and a beta of 0.16. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 1.02. The business’s fifty day moving average is $76.41 and its 200-day moving average is $78.07.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, April 20th. The utilities provider reported $0.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.08. NextEra Energy had a net margin of 21.44% and a return on equity of 10.79%. The company had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter in the prior year, the company earned $0.59 EPS. NextEra Energy’s quarterly revenue was down 19.2% on a year-over-year basis. On average, analysts forecast that NextEra Energy will post 2.3 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 15th. Stockholders of record on Friday, February 26th were paid a $0.385 dividend. The ex-dividend date of this dividend was Thursday, February 25th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 2.04%. NextEra Energy’s payout ratio is currently 73.68%.

In other NextEra Energy news, EVP Ronald R. Reagan sold 3,750 shares of the business’s stock in a transaction that occurred on Thursday, April 15th. The stock was sold at an average price of $80.00, for a total value of $300,000.00. Following the completion of the transaction, the executive vice president now directly owns 32,209 shares of the company’s stock, valued at $2,576,720. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Eric E. Silagy sold 9,268 shares of NextEra Energy stock in a transaction dated Thursday, April 15th. The shares were sold at an average price of $80.00, for a total value of $741,440.00. Following the completion of the transaction, the chief executive officer now owns 144,977 shares of the company’s stock, valued at approximately $11,598,160. The disclosure for this sale can be found here. Insiders have sold 192,680 shares of company stock valued at $14,718,893 over the last 90 days. 0.40% of the stock is currently 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 fossil fuel, such as coal and natural gas facilities. It also develops, constructs, and operates long-term contracted assets with a focus on renewable generation facilities, electric transmission facilities, and battery storage projects; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.

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Earnings History and Estimates for NextEra Energy (NYSE:NEE)

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