NextEra Energy (NYSE:NEE) Updates FY 2024 Earnings Guidance

NextEra Energy (NYSE:NEE) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 3.230-3.430 for the period, compared to the consensus earnings per share estimate of 3.410. The company issued revenue guidance of -. NextEra Energy also updated its FY 2025 guidance to 3.450-3.700 EPS.

NextEra Energy Stock Up 1.0 %

NYSE:NEE traded up $0.81 during mid-day trading on Friday, hitting $79.20. The stock had a trading volume of 14,513,109 shares, compared to its average volume of 10,270,118. The stock has a 50-day simple moving average of $73.93 and a two-hundred day simple moving average of $66.68. The company has a market capitalization of $162.78 billion, a PE ratio of 21.58, a PEG ratio of 2.84 and a beta of 0.54. NextEra Energy has a twelve month low of $47.15 and a twelve month high of $80.56. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.03. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The firm had revenue of $6.07 billion for the quarter, compared to analysts’ expectations of $7.29 billion. During the same quarter last year, the company earned $0.88 earnings per share. On average, equities research analysts anticipate that NextEra Energy will post 3.39 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.515 per share. The ex-dividend date is Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a yield of 2.60%. NextEra Energy’s payout ratio is currently 56.13%.

Wall Street Analyst Weigh In

NEE has been the topic of a number of research analyst reports. Barclays raised their price objective on shares of NextEra Energy from $72.00 to $75.00 and gave the stock an equal weight rating in a report on Friday, July 26th. Scotiabank raised their price objective on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a sector outperform rating in a report on Monday, April 22nd. Bank of America raised their price objective on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a neutral rating in a report on Tuesday, April 23rd. StockNews.com raised shares of NextEra Energy from a sell rating to a hold rating in a report on Thursday, May 2nd. Finally, Evercore ISI raised their target price on shares of NextEra Energy from $70.00 to $75.00 and gave the stock an in-line rating in a research report on Wednesday, June 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $78.29.

Insider Activity at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the transaction, the executive vice president now directly owns 100 shares in the company, valued at approximately $7,697. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.18% of the stock is currently owned by insiders.

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.