NextEra Energy (NYSE:NEE) Updates FY24 Earnings Guidance

NextEra Energy (NYSE:NEEGet Free Report) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $3.23-$3.43 for the period, compared to the consensus earnings per share estimate of $3.41. NextEra Energy also updated its FY25 guidance to $3.45-$3.70 EPS.

NextEra Energy Price Performance

Shares of NEE opened at $77.01 on Tuesday. NextEra Energy has a 12-month low of $47.15 and a 12-month high of $80.47. The business has a 50-day simple moving average of $70.79 and a two-hundred day simple moving average of $63.20. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.12. The stock has a market cap of $158.22 billion, a PE ratio of 20.98, a PEG ratio of 2.76 and a beta of 0.56.

NextEra Energy (NYSE:NEEGet Free Report) last issued its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The business had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter in the prior year, the firm earned $0.84 EPS. The business’s revenue for the quarter was down 14.7% compared to the same quarter last year. Analysts anticipate that NextEra Energy will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.515 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.67%. NextEra Energy’s dividend payout ratio (DPR) is 56.13%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. StockNews.com upgraded NextEra Energy from a sell rating to a hold rating in a research report on Thursday, May 2nd. Mizuho raised their price objective on NextEra Energy from $67.00 to $71.00 and gave the stock a buy rating in a research report on Wednesday, April 24th. Bank of America raised their price objective on NextEra Energy from $61.00 to $67.00 and gave the stock a neutral rating in a research report on Tuesday, April 23rd. Scotiabank raised their price objective on NextEra Energy from $69.00 to $73.00 and gave the stock a sector outperform rating in a research report on Monday, April 22nd. Finally, BMO Capital Markets raised their price objective on NextEra Energy from $72.00 to $78.00 and gave the stock an outperform rating in a research report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $73.50.

View Our Latest Stock Analysis on NextEra Energy

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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Earnings History and Estimates for NextEra Energy (NYSE:NEE)

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