NextEra Energy (NYSE:NEE) Updates FY25 Earnings Guidance

NextEra Energy (NYSE:NEE) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $3.45-3.70 for the period, compared to the consensus earnings per share estimate of $3.68. NextEra Energy also updated its FY 2024 guidance to 3.230-3.430 EPS.

NextEra Energy Price Performance

NextEra Energy stock traded up $0.34 during mid-day trading on Thursday, hitting $66.90. 11,369,761 shares of the company were exchanged, compared to its average volume of 11,936,405. The company has a quick ratio of 0.47, a current ratio of 0.51 and a debt-to-equity ratio of 1.12. The business has a fifty day moving average of $60.67 and a 200 day moving average of $58.94. NextEra Energy has a 1-year low of $47.15 and a 1-year high of $78.53. The company has a market capitalization of $137.31 billion, a PE ratio of 18.23, a price-to-earnings-growth ratio of 2.38 and a beta of 0.51.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The firm had revenue of $5.73 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same period in the prior year, the company posted $0.84 earnings per share. The business’s revenue for the quarter was down 14.7% compared to the same quarter last year. As a group, sell-side analysts expect that NextEra Energy will post 3.4 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were paid a $0.515 dividend. The ex-dividend date of this dividend was Monday, February 26th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.08%. NextEra Energy’s dividend payout ratio (DPR) is 56.13%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Scotiabank raised their target price on NextEra Energy from $69.00 to $73.00 and gave the company a sector outperform rating in a research note on Monday. Guggenheim raised their target price on NextEra Energy from $70.00 to $80.00 and gave the company a buy rating in a research note on Monday, January 22nd. Barclays began coverage on NextEra Energy in a research report on Wednesday, April 10th. They issued an equal weight rating and a $66.00 price objective for the company. Mizuho lifted their price objective on NextEra Energy from $67.00 to $71.00 and gave the stock a buy rating in a research report on Wednesday. Finally, Bank of America lifted their price objective on NextEra Energy from $61.00 to $67.00 and gave the stock a neutral rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $71.50.

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.