NextEra Energy (NYSE:NEE) Releases FY25 Earnings Guidance

NextEra Energy (NYSE:NEE) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $3.45-3.70 for the period, compared to the consensus estimate of $3.69. NextEra Energy also updated its FY 2024 guidance to 3.230-3.430 EPS.

Analyst Ratings Changes

A number of equities analysts recently commented on NEE shares. Dbs Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Barclays lifted their price target on NextEra Energy from $76.00 to $80.00 and gave the company an “equal weight” rating in a report on Tuesday, October 1st. Citigroup raised their price objective on NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. BMO Capital Markets increased their price target on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Finally, Wells Fargo & Company boosted their price objective on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $85.46.

NextEra Energy Stock Down 1.5 %

Shares of NYSE:NEE traded down $1.24 on Thursday, reaching $83.72. The company had a trading volume of 3,613,683 shares, compared to its average volume of 10,724,090. The stock has a market capitalization of $172.01 billion, a P/E ratio of 23.15, a P/E/G ratio of 2.92 and a beta of 0.56. The stock has a 50-day moving average price of $82.19 and a 200 day moving average price of $75.96. NextEra Energy has a twelve month low of $53.81 and a twelve month high of $86.10. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.05. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The firm had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. During the same period in the previous year, the company earned $0.94 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities analysts expect that NextEra Energy will post 3.4 EPS for the current year.

NextEra Energy Announces Dividend

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

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the transaction, the executive vice president now directly owns 100 shares in the company, valued at approximately $7,697. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.