NextEra Energy, Inc. (NYSE:NEE) Updates FY18 Earnings Guidance

NextEra Energy, Inc. (NYSE:NEE) updated its FY18 earnings guidance on Thursday. The company provided earnings per share guidance of $6.80-7.30 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.25. NextEra Energy also updated its FY17 guidance to $6.35-6.85 EPS.

Several research firms have weighed in on NEE. Goldman Sachs Group, Inc. (The) started coverage on shares of NextEra Energy in a research report on Monday, July 24th. They issued a buy rating and a $160.00 price objective for the company. KeyCorp reaffirmed a buy rating and issued a $155.00 target price on shares of NextEra Energy in a research note on Thursday, October 12th. BidaskClub raised shares of NextEra Energy from a hold rating to a buy rating in a research note on Tuesday, August 8th. Bank of America Corporation started coverage on shares of NextEra Energy in a research note on Tuesday, October 24th. They issued a buy rating and a $166.00 target price on the stock. Finally, Zacks Investment Research raised shares of NextEra Energy from a hold rating to a buy rating and set a $165.00 target price on the stock in a research note on Tuesday, October 10th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $155.38.

NextEra Energy, Inc. (NEE) traded down $0.09 during midday trading on Friday, hitting $155.16. 1,285,822 shares of the stock were exchanged, compared to its average volume of 1,640,881. The company has a quick ratio of 0.49, a current ratio of 0.61 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a 12 month low of $110.49 and a 12 month high of $156.80. The firm has a market capitalization of $73,038.64, a P/E ratio of 23.28, a PEG ratio of 3.09 and a beta of 0.31.

NextEra Energy (NYSE:NEE) last issued its earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.77 by $0.08. The business had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.89 billion. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the company earned $1.74 earnings per share. sell-side analysts predict that NextEra Energy, Inc. will post 6.73 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be issued a dividend of $0.9825 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $3.93 dividend on an annualized basis and a yield of 2.53%. NextEra Energy’s payout ratio is 44.16%.

In other NextEra Energy news, EVP Joseph T. Kelliher sold 2,000 shares of NextEra Energy stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $150.00, for a total transaction of $300,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Charles E. Sieving sold 30,485 shares of NextEra Energy stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $146.56, for a total transaction of $4,467,881.60. Following the transaction, the executive vice president now directly owns 78,167 shares of the company’s stock, valued at $11,456,155.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 65,385 shares of company stock worth $9,748,482. 0.53% of the stock is owned by corporate insiders.

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About NextEra Energy

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.

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