NextEra Energy (NYSE:NEE) released its quarterly earnings data on Friday. The utilities provider reported $1.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.54 by ($0.10), Briefing.com reports. The business had revenue of $4.59 billion during the quarter, compared to the consensus estimate of $4.79 billion. NextEra Energy had a net margin of 16.92% and a return on equity of 10.59%. During the same period last year, the company posted $1.49 earnings per share.
NYSE NEE opened at $263.72 on Friday. The business’s fifty day moving average price is $243.22 and its 200-day moving average price is $228.37. The stock has a market capitalization of $127.12 billion, a price-to-earnings ratio of 39.60, a PEG ratio of 3.54 and a beta of 0.15. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.58 and a quick ratio of 0.47. NextEra Energy has a 1-year low of $171.74 and a 1-year high of $264.08.
In other news, Director Rudy E. Schupp sold 1,600 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $239.37, for a total value of $382,992.00. Following the completion of the sale, the director now directly owns 14,897 shares in the company, valued at approximately $3,565,894.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James L. Robo sold 10,000 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $234.39, for a total value of $2,343,900.00. 0.48% of the stock is owned by corporate insiders.
NEE has been the topic of several analyst reports. JPMorgan Chase & Co. upped their price objective on NextEra Energy from $214.00 to $252.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. Morgan Stanley upped their price objective on NextEra Energy from $240.00 to $245.00 and gave the company an “overweight” rating in a research report on Wednesday. Mizuho upped their price objective on NextEra Energy from $202.50 to $245.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Wells Fargo & Co upped their price objective on NextEra Energy from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Guggenheim upped their price objective on NextEra Energy from $230.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $239.79.
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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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