NextEra Energy (NYSE:NEE) Announces Quarterly Earnings Results

NextEra Energy (NYSE:NEE) announced its quarterly earnings data on Friday. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.53, Zacks reports. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%.

NextEra Energy Trading Up 2.0 %

Shares of NYSE:NEE opened at $70.58 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The company has a 50-day simple moving average of $73.21 and a 200 day simple moving average of $77.17. The company has a market capitalization of $145.15 billion, a P/E ratio of 20.86, a price-to-earnings-growth ratio of 2.29 and a beta of 0.58. NextEra Energy has a 52-week low of $53.95 and a 52-week high of $86.10.

Analysts Set New Price Targets

A number of research analysts have commented on NEE shares. Guggenheim raised their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Morgan Stanley increased their target price on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday. BMO Capital Markets boosted their price target on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Scotiabank increased their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Finally, Dbs Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Hold” and an average price target of $87.15.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the transaction, the executive vice president now owns 15,792 shares in the company, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is owned by corporate 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,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.