NextEra Energy (NYSE:NEE – Get Free Report) announced its earnings results on Tuesday. The utilities provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.11, Briefing.com reports. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The company had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same period last year, the business posted $0.84 EPS. The company’s revenue was down 14.7% on a year-over-year basis.
NextEra Energy Stock Performance
Shares of NEE stock opened at $66.56 on Thursday. The stock has a fifty day moving average price of $60.47 and a 200 day moving average price of $58.89. The stock has a market cap of $136.61 billion, a PE ratio of 18.14, a P/E/G ratio of 2.38 and a beta of 0.51. NextEra Energy has a 1 year low of $47.15 and a 1 year high of $79.10. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.47 and a current ratio of 0.51.
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 issued a dividend of $0.515 per share. The ex-dividend date was Monday, February 26th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a yield of 3.09%. NextEra Energy’s payout ratio is currently 56.13%.
Analysts Set New Price Targets
Check Out Our Latest Research Report on NextEra Energy
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.
See Also
- Five stocks we like better than NextEra Energy
- What is a buyback in stocks? A comprehensive guide for investors
- Nucor Stock Earnings Riding the Steel Industry Wave
- Earnings Per Share Calculator: How to Calculate EPS
- Simpson Manufacturing: Buy This Future Dividend King While Down
- About the Markup Calculator
- Is Boeing Stock About to Soar Higher?
Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.