NextEra Energy (NYSE:NEE) Releases FY 2027 Earnings Guidance

NextEra Energy (NYSE:NEE) issued an update on its FY 2027 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 3.850-4.320 for the period. The company issued revenue guidance of -. NextEra Energy also updated its FY 2024 guidance to 3.230-3.430 EPS.

Analysts Set New Price Targets

NEE has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their price target on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Morgan Stanley boosted their target price on shares of NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Citigroup raised their price target on shares of NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Bank of America boosted their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Finally, Barclays raised their target price on NextEra Energy from $76.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $85.46.

NextEra Energy Trading Down 0.4 %

Shares of NEE stock opened at $83.70 on Wednesday. NextEra Energy has a 52-week low of $50.95 and a 52-week high of $86.10. The company has a 50-day simple moving average of $82.05 and a two-hundred day simple moving average of $75.89. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49. The company has a market capitalization of $171.96 billion, a price-to-earnings ratio of 22.81, a PEG ratio of 2.92 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.03. The company had revenue of $6.07 billion during the quarter, compared to analyst estimates of $7.29 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. During the same period in the prior year, the company posted $0.88 earnings per share. Research analysts anticipate that NextEra Energy will post 3.4 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be paid a $0.515 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a yield of 2.46%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the sale, the executive vice president now owns 100 shares in the company, valued at approximately $7,697. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.18% 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,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.