NextEra Energy, Inc. (NYSE:NEE) announced its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.77 by $0.08, Bloomberg Earnings reports. The firm had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.89 billion. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The company’s revenue was up .1% on a year-over-year basis. During the same period last year, the firm earned $1.74 EPS. NextEra Energy updated its FY17 guidance to $6.35-6.85 EPS and its FY18 guidance to $6.80-7.30 EPS.
Shares of NextEra Energy (NEE) traded down $0.09 during trading on Friday, reaching $155.16. 1,285,800 shares of the company’s stock were exchanged, compared to its average volume of 1,640,881. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.61 and a quick ratio of 0.49. NextEra Energy has a twelve month low of $110.49 and a twelve month high of $156.80. The firm has a market cap of $72,986.95, a price-to-earnings ratio of 23.26, a price-to-earnings-growth ratio of 3.09 and a beta of 0.31.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be paid a dividend of $0.9825 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $3.93 annualized dividend and a dividend yield of 2.53%. NextEra Energy’s dividend payout ratio (DPR) is presently 44.16%.
In other news, Director James L. Robo sold 30,000 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $151.52, for a total value of $4,545,600.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John W. Ketchum sold 2,900 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $150.00, for a total transaction of $435,000.00. Following the sale, the executive vice president now directly owns 18,786 shares in the company, valued at $2,817,900. The disclosure for this sale can be found here. Insiders have sold a total of 65,385 shares of company stock worth $9,748,482 in the last 90 days. 0.53% of the stock is currently owned by company insiders.
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Several analysts have recently commented on the stock. Morgan Stanley raised their price objective on shares of NextEra Energy from $163.00 to $167.00 and gave the company an “overweight” rating in a research report on Thursday, August 10th. J P Morgan Chase & Co started coverage on shares of NextEra Energy in a report on Thursday, September 7th. They issued an “overweight” rating and a $173.00 price target on the stock. Zacks Investment Research downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. KeyCorp reiterated a “buy” rating and issued a $155.00 price target on shares of NextEra Energy in a report on Thursday, October 12th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $156.00 target price on shares of NextEra Energy in a report on Tuesday, November 7th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $155.38.
NextEra Energy Company Profile
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.
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