NextEra Energy (NYSE:NEE – Get Free Report) posted its earnings results on Tuesday. The utilities provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.80 by $0.11, Briefing.com reports. The firm had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The business’s quarterly revenue was down 14.7% on a year-over-year basis. During the same period last year, the company earned $0.84 earnings per share.
NextEra Energy Stock Performance
Shares of NYSE NEE traded down $0.59 during trading on Friday, reaching $66.31. 1,509,730 shares of the stock traded hands, compared to its average volume of 11,803,111. The company has a 50-day moving average of $60.67 and a 200-day moving average of $58.94. NextEra Energy has a 52-week low of $47.15 and a 52-week high of $78.53. The stock has a market capitalization of $136.24 billion, a P/E ratio of 18.23, a price-to-earnings-growth ratio of 2.45 and a beta of 0.51. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.47.
NextEra Energy Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 3.11%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s dividend payout ratio is 56.13%.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on NEE
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.
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