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

NextEra Energy (NYSE:NEE) updated its FY 2024 earnings guidance on Tuesday. 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.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Royal Bank of Canada reiterated an outperform rating and issued a $74.00 price objective on shares of NextEra Energy in a research note on Tuesday, January 30th. StockNews.com raised shares of NextEra Energy from a sell rating to a hold rating in a research report on Monday. BMO Capital Markets decreased their price objective on shares of NextEra Energy from $77.00 to $68.00 and set an outperform rating for the company in a report on Tuesday, April 16th. Guggenheim upped their price objective on shares of NextEra Energy from $70.00 to $80.00 and gave the stock a buy rating in a report on Monday, January 22nd. Finally, Mizuho reaffirmed a buy rating and set a $67.00 price objective (up from $65.00) on shares of NextEra Energy in a report on Friday, March 15th. 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’s stock. According to data from MarketBeat, NextEra Energy currently has a consensus rating of Moderate Buy and a consensus target price of $69.93.

NextEra Energy Price Performance

Shares of NEE stock traded up $1.62 during mid-day trading on Tuesday, reaching $66.93. The company’s stock had a trading volume of 5,380,944 shares, compared to its average volume of 11,818,028. NextEra Energy has a 1-year low of $47.15 and a 1-year high of $79.25. The company has a market cap of $137.37 billion, a P/E ratio of 18.09, a PEG ratio of 2.31 and a beta of 0.51. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.47 and a current ratio of 0.55. The firm’s 50-day moving average is $60.04 and its two-hundred day moving average is $58.72.

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, beating analysts’ consensus estimates of $0.80 by $0.11. The company had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. The business’s revenue was down 14.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.84 EPS. On average, research analysts predict that NextEra Energy will post 3.4 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were issued a dividend of $0.515 per share. The ex-dividend date was Monday, February 26th. This represents a $2.06 dividend on an annualized basis and a yield of 3.08%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio is currently 57.06%.

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.