NextEra Energy, Inc. (NEE) Updates FY18 Earnings Guidance
NextEra Energy, Inc. (NYSE:NEE) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $6.80-7.30 for the period, compared to the Thomson Reuters consensus estimate of $7.13. NextEra Energy also updated its FY17 guidance to $6.35-6.85 EPS.
Shares of NextEra Energy, Inc. (NEE) traded up 0.7443% on Thursday, reaching $142.1099. 597,898 shares of the company traded hands. NextEra Energy, Inc. has a 52-week low of $110.49 and a 52-week high of $143.19. The company has a market capitalization of $66.53 billion, a PE ratio of 17.2904 and a beta of 0.33. The firm has a 50-day moving average of $138.72 and a 200-day moving average of $128.81.
NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Friday, April 21st. The utilities provider reported $1.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.51 by $0.24. NextEra Energy had a return on equity of 11.82% and a net margin of 23.58%. The business had revenue of $3.97 billion during the quarter, compared to analyst estimates of $3.99 billion. During the same quarter last year, the company posted $1.55 EPS. NextEra Energy’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, equities research analysts forecast that NextEra Energy, Inc. will post $6.68 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Tuesday, May 30th were given a $0.9825 dividend. The ex-dividend date of this dividend was Thursday, May 25th. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.79%. NextEra Energy’s dividend payout ratio (DPR) is 47.87%.
A number of research firms recently weighed in on NEE. Wells Fargo & Company reiterated an outperform rating and issued a $158.00 price target (up previously from $150.00) on shares of NextEra Energy in a research report on Monday. BidaskClub lowered NextEra Energy from a strong-buy rating to a buy rating in a research report on Tuesday, June 13th. Morgan Stanley increased their price target on NextEra Energy from $161.00 to $162.00 and gave the company an overweight rating in a research report on Monday, May 8th. Royal Bank Of Canada reiterated a buy rating and issued a $144.00 price target on shares of NextEra Energy in a research report on Tuesday, May 2nd. Finally, Barclays PLC reissued an overweight rating and issued a $150.00 price objective (up from $139.00) on shares of NextEra Energy in a research note on Sunday, April 23rd. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. NextEra Energy currently has an average rating of Buy and a consensus price target of $143.70.
In other news, EVP Joseph T. Kelliher sold 8,068 shares of the firm’s stock in a transaction dated Monday, April 17th. The stock was sold at an average price of $130.67, for a total transaction of $1,054,245.56. Following the completion of the sale, the executive vice president now directly owns 38,634 shares of the company’s stock, valued at approximately $5,048,304.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Armando Pimentel, Jr. sold 5,680 shares of the firm’s stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $133.11, for a total value of $756,064.80. Following the sale, the chief executive officer now directly owns 79,586 shares of the company’s stock, valued at $10,593,692.46. The disclosure for this sale can be found here. Over the last three months, insiders sold 74,179 shares of company stock valued at $10,091,188. Company insiders own 0.53% of the company’s stock.
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Several large investors have recently bought and sold shares of NEE. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in NextEra Energy by 8.9% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock worth $112,000 after buying an additional 71 shares during the period. Altavista Wealth Management Inc. purchased a new stake in NextEra Energy during the first quarter worth $209,000. Aureus Asset Management LLC purchased a new stake in NextEra Energy during the first quarter worth $213,000. Formidable Asset Management LLC purchased a new stake in NextEra Energy during the first quarter worth $216,000. Finally, Mission Wealth Management LLC purchased a new stake in NextEra Energy during the first quarter worth $218,000. 77.90% of the stock is owned by institutional investors.
NextEra Energy Company Profile
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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