NextEra Energy (NYSE:NEE – Get Free Report) released its earnings results on Tuesday. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.11, Briefing.com reports. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. The business had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $6.28 billion. During the same period last year, the company earned $0.84 earnings per share. The company’s quarterly revenue was down 14.7% on a year-over-year basis. NextEra Energy updated its FY24 guidance to $3.23-3.43 EPS and its FY25 guidance to $3.45-3.70 EPS.
NextEra Energy Stock Up 1.6 %
NEE stock opened at $65.31 on Tuesday. The company has a current ratio of 0.55, a quick ratio of 0.47 and a debt-to-equity ratio of 1.06. The firm has a 50 day simple moving average of $60.04 and a 200-day simple moving average of $58.72. The company has a market capitalization of $134.04 billion, a P/E ratio of 18.09, a PEG ratio of 2.31 and a beta of 0.51. NextEra Energy has a twelve month low of $47.15 and a twelve month high of $79.25.
NextEra Energy Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.15%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 26th. NextEra Energy’s dividend payout ratio is presently 57.06%.
Analysts Set New Price Targets
View Our Latest Stock Analysis on NextEra Energy
NextEra Energy Company Profile
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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