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

NextEra Energy (NYSE:NEE) issued an update on its FY 2024 earnings guidance on Tuesday 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 3.400. The company issued revenue guidance of -. NextEra Energy also updated its FY 2025 guidance to 3.450-3.700 EPS.

NextEra Energy Stock Down 0.2 %

Shares of NYSE:NEE opened at $65.19 on Tuesday. NextEra Energy has a 52-week low of $47.15 and a 52-week high of $79.25. The stock has a market cap of $133.80 billion, a P/E ratio of 18.09, a price-to-earnings-growth ratio of 2.31 and a beta of 0.51. The business’s 50 day moving average is $60.04 and its 200 day moving average is $58.72. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 1.06.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.11. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. The company had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter in the prior year, the firm earned $0.84 earnings per share. NextEra Energy’s revenue was down 14.7% compared to the same quarter last year. Sell-side analysts predict that NextEra Energy will post 3.4 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were paid a $0.515 dividend. The ex-dividend date was Monday, February 26th. This represents a $2.06 annualized dividend and a yield of 3.16%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio is 57.06%.

Wall Street Analysts Forecast Growth

NEE has been the topic of several research analyst reports. Barclays initiated coverage on NextEra Energy in a research note on Wednesday, April 10th. They issued an equal weight rating and a $66.00 price objective on the stock. Royal Bank of Canada restated an outperform rating and set a $74.00 target price on shares of NextEra Energy in a report on Tuesday, January 30th. Guggenheim upped their target price on NextEra Energy from $70.00 to $80.00 and gave the stock a buy rating in a report on Monday, January 22nd. Wells Fargo & Company upped their target price on NextEra Energy from $84.00 to $85.00 and gave the stock an overweight rating in a report on Tuesday, March 19th. Finally, Morgan Stanley upped their target price on NextEra Energy from $77.00 to $79.00 and gave the stock an overweight rating in a report on Monday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $69.93.

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.