NextEra Energy (NYSE:NEE) Issues FY25 Earnings Guidance

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

NextEra Energy Price Performance

Shares of NYSE NEE traded up $0.34 during trading on Thursday, hitting $66.90. The company had a trading volume of 11,369,761 shares, compared to its average volume of 11,936,405. The stock has a fifty day simple moving average of $60.67 and a two-hundred day simple moving average of $58.94. NextEra Energy has a fifty-two week low of $47.15 and a fifty-two week high of $78.53. The firm has a market capitalization of $137.31 billion, a price-to-earnings ratio of 18.23, a price-to-earnings-growth ratio of 2.38 and a beta of 0.51. The company has a quick ratio of 0.47, a current ratio of 0.51 and a debt-to-equity ratio of 1.12.

NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The business had revenue of $5.73 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same quarter last year, the business earned $0.84 earnings per share. The company’s revenue for the quarter was down 14.7% compared to the same quarter last year. On average, research analysts expect that NextEra Energy will post 3.4 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were given a $0.515 dividend. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 26th. This represents a $2.06 annualized dividend and a dividend yield of 3.08%. NextEra Energy’s dividend payout ratio (DPR) is 56.13%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on NEE shares. Barclays assumed coverage on shares of NextEra Energy in a research report on Wednesday, April 10th. They issued an equal weight rating and a $66.00 target price on the stock. Royal Bank of Canada reissued an outperform rating and issued a $74.00 price target 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 note on Monday. Scotiabank raised their price target on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a sector outperform rating in a research note on Monday. Finally, Guggenheim raised their price target on shares of NextEra Energy from $70.00 to $80.00 and gave the stock a buy rating in a research note on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, NextEra Energy has a consensus rating of Moderate Buy and an average price target of $71.50.

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.