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

NextEra Energy (NYSE:NEE) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 3.230-3.430 for the period, compared to the consensus earnings per share estimate of 3.400. The company issued revenue guidance of -. NextEra Energy also updated its FY 2025 guidance to 3.450-3.700 EPS.

Analyst Ratings Changes

A number of analysts recently commented on the company. Scotiabank upped their price objective on NextEra Energy from $69.00 to $73.00 and gave the company a sector outperform rating in a research report on Monday. StockNews.com upgraded shares of NextEra Energy from a sell rating to a hold rating in a research report on Monday. Guggenheim lifted their price objective on NextEra Energy from $70.00 to $80.00 and gave the stock a buy rating in a research report on Monday, January 22nd. Wells Fargo & Company raised their target price on shares of NextEra Energy from $84.00 to $85.00 and gave the company an overweight rating in a research note on Tuesday, March 19th. Finally, Morgan Stanley increased their price objective on shares of NextEra Energy from $77.00 to $79.00 and gave the company an overweight rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy has a consensus rating of Moderate Buy and a consensus target price of $71.50.

NextEra Energy Stock Down 0.8 %

NYSE:NEE traded down $0.53 during trading hours on Friday, hitting $66.37. The company’s stock had a trading volume of 994,534 shares, compared to its average volume of 11,796,649. The stock has a market capitalization of $136.36 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 current ratio of 0.51, a quick ratio of 0.47 and a debt-to-equity ratio of 1.12. NextEra Energy has a 52-week low of $47.15 and a 52-week high of $78.53. The stock has a fifty day moving average of $60.67 and a 200-day moving average of $58.94.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The business had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $6.28 billion. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The business’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.84 EPS. On average, equities analysts forecast that NextEra Energy will post 3.4 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were given a $0.515 dividend. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 26th. This represents a $2.06 annualized dividend and a yield of 3.10%. NextEra Energy’s payout ratio is 56.13%.

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.