NextEra Energy (NYSE:NEE) Updates FY 2022 Earnings Guidance

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NextEra Energy (NYSE:NEE) updated its FY 2022 earnings guidance on Tuesday. The company provided earnings per share guidance of $10.00-10.75 for the period. NextEra Energy also updated its FY 2019 guidance to $8.32 EPS.

Several research firms have issued reports on NEE. Wells Fargo & Co set a $240.00 price objective on shares of NextEra Energy and gave the stock a buy rating in a research note on Tuesday, September 3rd. ValuEngine downgraded shares of NextEra Energy from a buy rating to a hold rating in a research note on Wednesday, October 2nd. KeyCorp boosted their price objective on shares of NextEra Energy from $231.00 to $242.00 and gave the stock an overweight rating in a research note on Monday. Barclays downgraded shares of NextEra Energy from an overweight rating to an equal weight rating and set a $218.00 price objective for the company. in a research note on Tuesday, August 13th. Finally, Bank of America boosted their price objective on shares of NextEra Energy from $215.00 to $225.00 and gave the stock a buy rating in a research note on Tuesday, June 25th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. NextEra Energy presently has an average rating of Buy and an average price target of $224.00.

Shares of NEE stock traded up $2.84 on Tuesday, hitting $235.64. The stock had a trading volume of 35,837 shares, compared to its average volume of 1,876,214. The firm has a market capitalization of $111.38 billion, a price-to-earnings ratio of 30.73, a P/E/G ratio of 3.46 and a beta of 0.18. The stock’s 50 day moving average is $226.80 and its 200-day moving average is $209.52. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.42 and a current ratio of 0.52. NextEra Energy has a 52-week low of $164.78 and a 52-week high of $234.27.

NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, October 22nd. The utilities provider reported $2.39 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.12. The business had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.14 billion. NextEra Energy had a net margin of 18.73% and a return on equity of 10.46%. The business’s quarterly revenue was up 26.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.18 earnings per share. Equities analysts expect that NextEra Energy will post 8.38 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.12%. NextEra Energy’s dividend payout ratio (DPR) is presently 64.94%.

In related news, CEO James L. Robo sold 44,537 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $216.85, for a total value of $9,657,848.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Rudy E. Schupp sold 1,600 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $231.32, for a total transaction of $370,112.00. Following the completion of the sale, the director now directly owns 16,237 shares in the company, valued at $3,755,942.84. The disclosure for this sale can be found here. Insiders sold 97,576 shares of company stock valued at $21,514,886 over the last 90 days. Insiders own 0.48% of the company’s stock.

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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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