NextEra Energy (NYSE:NEE) Releases Quarterly Earnings Results, Beats Estimates By $0.05 EPS

NextEra Energy (NYSE:NEE) announced its earnings results on Wednesday. The utilities provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.98 by $0.05, Briefing.com reports. The business had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. NextEra Energy’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.94 EPS.

NextEra Energy Stock Down 1.7 %

NYSE NEE traded down $1.38 on Friday, reaching $81.43. The company had a trading volume of 6,375,808 shares, compared to its average volume of 10,733,501. The firm has a market capitalization of $167.30 billion, a price-to-earnings ratio of 22.31, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49. NextEra Energy has a 1-year low of $53.81 and a 1-year high of $86.10. The company’s fifty day moving average is $82.30 and its 200-day moving average is $76.01.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s payout ratio is presently 56.13%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday. Barclays boosted their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday. Guggenheim boosted their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday. Morgan Stanley boosted their price objective on shares of NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Finally, Dbs Bank cut shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, NextEra Energy currently has a consensus rating of “Hold” and an average price target of $86.54.

Insider Buying and Selling

In other news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the transaction, the executive vice president now directly owns 100 shares in the company, valued at $7,697. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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.