NextEra Energy (NYSE:NEE – Get Rating) updated its FY 2025 earnings guidance on Friday. The company provided earnings per share guidance of $3.45-$3.70 for the period. The company issued revenue guidance of -. NextEra Energy also updated its FY 2022 guidance to $2.80-$2.90 EPS.
Analysts Set New Price Targets
NEE has been the topic of a number of recent analyst reports. StockNews.com initiated coverage on NextEra Energy in a report on Thursday, March 31st. They set a hold rating on the stock. Mizuho cut their price target on NextEra Energy from $88.00 to $81.00 and set a buy rating on the stock in a report on Monday, April 25th. Morgan Stanley lifted their price target on NextEra Energy from $79.00 to $83.00 and gave the company an equal weight rating in a report on Thursday. Wells Fargo & Company lifted their price target on NextEra Energy from $102.00 to $107.00 and gave the company an overweight rating in a report on Monday, April 18th. Finally, TheStreet cut NextEra Energy from a b rating to a c+ rating in a report on Thursday, April 21st. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $88.00.
NextEra Energy Price Performance
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Shares of NYSE:NEE opened at $78.87 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.49 and a quick ratio of 0.42. The stock has a market cap of $154.94 billion, a price-to-earnings ratio of 106.58, a PEG ratio of 2.95 and a beta of 0.45. NextEra Energy has a 12 month low of $67.22 and a 12 month high of $93.73. The stock’s 50 day moving average price is $76.24 and its 200 day moving average price is $78.21.
NextEra Energy (NYSE:NEE – Get Rating) last posted its quarterly earnings data on Friday, July 22nd. The utilities provider reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.07. NextEra Energy had a net margin of 8.97% and a return on equity of 11.49%. The firm had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.26 billion. During the same period in the previous year, the company posted $0.71 EPS. The company’s quarterly revenue was up 32.0% compared to the same quarter last year. Equities research analysts anticipate that NextEra Energy will post 2.86 earnings per share for the current fiscal year.
NextEra Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Tuesday, May 31st were paid a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend was Friday, May 27th. NextEra Energy’s payout ratio is presently 229.73%.
Insider Buying and Selling at NextEra Energy
In other NextEra Energy news, Director Kirk S. Hachigian acquired 10,000 shares of NextEra Energy stock in a transaction dated Tuesday, May 3rd. The stock was bought at an average cost of $70.19 per share, with a total value of $701,900.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at $350,950. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other NextEra Energy news, CEO John W. Ketchum bought 12,909 shares of the stock in a transaction dated Friday, July 1st. The stock was bought at an average cost of $78.33 per share, for a total transaction of $1,011,161.97. Following the completion of the purchase, the chief executive officer now owns 132,894 shares in the company, valued at approximately $10,409,587.02. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kirk S. Hachigian bought 10,000 shares of the stock in a transaction dated Tuesday, May 3rd. The stock was acquired at an average price of $70.19 per share, with a total value of $701,900.00. Following the completion of the purchase, the director now owns 5,000 shares of the company’s stock, valued at approximately $350,950. The disclosure for this purchase can be found here. Corporate insiders own 0.38% of the company’s stock.
Hedge Funds Weigh In On NextEra Energy
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NEE. ClearBridge Investments Ltd boosted its holdings in NextEra Energy by 42.3% during the first quarter. ClearBridge Investments Ltd now owns 1,717,615 shares of the utilities provider’s stock worth $145,499,000 after buying an additional 510,202 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in NextEra Energy by 27.2% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,036,400 shares of the utilities provider’s stock valued at $172,503,000 after buying an additional 435,900 shares during the last quarter. Bridgewater Associates LP acquired a new stake in NextEra Energy in the 1st quarter valued at approximately $28,007,000. Mariner LLC raised its position in NextEra Energy by 29.2% in the 1st quarter. Mariner LLC now owns 1,303,305 shares of the utilities provider’s stock valued at $110,403,000 after buying an additional 294,582 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of NextEra Energy by 3.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 9,309,930 shares of the utilities provider’s stock worth $788,644,000 after purchasing an additional 282,012 shares during the last quarter. Institutional investors own 77.89% 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, coal, and natural gas facilities. 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.
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