NextEra Energy (NYSE:NEE) Updates 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.

NextEra Energy Stock Down 0.3 %

NYSE NEE traded down $0.24 during trading on Friday, reaching $82.57. The company’s stock had a trading volume of 1,716,906 shares, compared to its average volume of 10,710,005. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $169.64 billion, a PE ratio of 22.53, a PEG ratio of 2.92 and a beta of 0.56. NextEra Energy has a 1-year low of $53.81 and a 1-year high of $86.10. The business has a 50-day moving average price of $82.30 and a 200-day moving average price of $76.01.

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

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be paid a dividend of $0.515 per share. 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 2.49%. NextEra Energy’s dividend payout ratio is currently 56.13%.

Analyst Ratings Changes

A number of equities analysts have recently commented on NEE shares. Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Bank of America raised their price target 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. Citigroup upped their price objective on NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Scotiabank raised their target price on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Finally, Jefferies Financial Group started coverage on NextEra Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $87.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $86.38.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total transaction of $50,646.26. Following the transaction, the executive vice president now owns 100 shares of the company’s stock, valued at approximately $7,697. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is owned by company insiders.

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.