NextEra Energy (NYSE:NEE - Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday 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 Trading Up 1.5 %
NYSE NEE traded up $1.26 on Wednesday, reaching $84.96. The company had a trading volume of 10,824,447 shares, compared to its average volume of 10,758,771. NextEra Energy has a 52 week low of $53.11 and a 52 week high of $86.10. The stock's 50 day moving average is $82.19 and its 200-day moving average is $75.96. The stock has a market cap of $174.55 billion, a price-to-earnings ratio of 23.15, a PEG ratio of 2.92 and a beta of 0.56. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15.
NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The company had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $7.29 billion. During the same period in the prior year, the company earned $0.88 earnings per share. Equities analysts predict that NextEra Energy will post 3.4 earnings per share for the current year.
NextEra Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 annualized dividend and a dividend yield of 2.42%. NextEra Energy's dividend payout ratio is currently 56.13%.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the company. Wells Fargo & Company upped their price objective on NextEra Energy from $95.00 to $102.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 3rd. JPMorgan Chase & Co. increased their price target on NextEra Energy from $91.00 to $94.00 and gave the company an "overweight" rating in a research report on Friday, August 2nd. Barclays increased their price target on NextEra Energy from $76.00 to $80.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 1st. Jefferies Financial Group initiated coverage on NextEra Energy in a research report on Thursday, September 19th. They set a "hold" rating and a $87.00 price target for the company. Finally, Morgan Stanley increased their price target on NextEra Energy from $87.00 to $90.00 and gave the company an "overweight" rating in a research report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $85.46.
Check Out Our Latest Stock Analysis on NextEra Energy
Insiders Place Their Bets
In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the firm's stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total transaction of $50,646.26. Following the transaction, the executive vice president now owns 100 shares in the company, valued at $7,697. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.18% of the company's stock.
About NextEra Energy
(
Get Free Report)
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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