NextEra Energy (NYSE:NEE) Issues Earnings Results, Beats Estimates By $0.11 EPS

NextEra Energy (NYSE:NEE) posted its earnings results on Tuesday. The utilities provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.80 by $0.11, Briefing.com reports. The firm had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The business’s quarterly revenue was down 14.7% on a year-over-year basis. During the same period last year, the company earned $0.84 earnings per share.

NextEra Energy Stock Performance

Shares of NYSE NEE traded down $0.59 during trading on Friday, reaching $66.31. 1,509,730 shares of the stock traded hands, compared to its average volume of 11,803,111. The company has a 50-day moving average of $60.67 and a 200-day moving average of $58.94. NextEra Energy has a 52-week low of $47.15 and a 52-week high of $78.53. The stock has a market capitalization of $136.24 billion, a P/E ratio of 18.23, a price-to-earnings-growth ratio of 2.45 and a beta of 0.51. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.47.

NextEra Energy Increases Dividend

The company 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. This represents a $2.06 annualized dividend and a yield of 3.11%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s dividend payout ratio is 56.13%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. BMO Capital Markets lifted their price target on shares of NextEra Energy from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday. Mizuho increased their price objective on shares of NextEra Energy from $67.00 to $71.00 and gave the stock a “buy” rating in a research report on Wednesday. Guggenheim raised their price target on shares of NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Wells Fargo & Company lifted their target price on NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, March 19th. Finally, Barclays initiated coverage on NextEra Energy in a research report on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price target for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.