NextEra Energy (NYSE:NEE) Releases FY25 Earnings Guidance

NextEra Energy (NYSE:NEE) updated its FY25 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $3.45-3.70 for the period, compared to the consensus estimate of $3.68. NextEra Energy also updated its FY 2024 guidance to 3.230-3.430 EPS.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Mizuho reissued a buy rating and issued a $67.00 target price (up previously from $65.00) on shares of NextEra Energy in a research report on Friday, March 15th. Wells Fargo & Company raised their price objective on NextEra Energy from $84.00 to $85.00 and gave the company an overweight rating in a research report on Tuesday, March 19th. Morgan Stanley raised their price objective on NextEra Energy from $77.00 to $79.00 and gave the company an overweight rating in a research report on Monday. Barclays began coverage on NextEra Energy in a research report on Wednesday, April 10th. They set an equal weight rating and a $66.00 price objective for the company. Finally, StockNews.com raised NextEra Energy from a sell rating to a hold rating in a research report on Monday. One research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of $69.93.

NextEra Energy Stock Down 0.2 %

NextEra Energy stock opened at $65.19 on Tuesday. The firm has a market cap of $133.80 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 2.31 and a beta of 0.51. NextEra Energy has a 12 month low of $47.15 and a 12 month high of $79.25. 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 stock has a fifty day simple moving average of $60.04 and a two-hundred day simple moving average of $58.72.

NextEra Energy (NYSE:NEE) last released its quarterly 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. The firm had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $6.28 billion. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. The company’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same period last year, the business posted $0.84 EPS. Equities analysts predict that NextEra Energy will post 3.4 EPS for the current fiscal year.

NextEra Energy Increases Dividend

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

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.