NextEra Energy, Inc. (NYSE:NEE) Issues FY18 Earnings Guidance
NextEra Energy, Inc. (NYSE:NEE) updated its FY18 earnings guidance on Wednesday. The company provided EPS guidance of $6.80-7.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.22. NextEra Energy also updated its FY17 guidance to $6.35-6.85 EPS.
A number of equities research analysts have recently weighed in on the stock. Goldman Sachs Group, Inc. (The) assumed coverage on shares of NextEra Energy in a report on Monday. They issued a buy rating and a $160.00 price objective for the company. Royal Bank Of Canada restated an outperform rating and issued a $147.00 price objective (up from $144.00) on shares of NextEra Energy in a report on Sunday, July 9th. BidaskClub lowered shares of NextEra Energy from a buy rating to a hold rating in a report on Thursday, July 6th. BMO Capital Markets restated a buy rating and issued a $156.00 price objective (up from $144.00) on shares of NextEra Energy in a report on Friday, June 23rd. Finally, Wells Fargo & Company restated an outperform rating and issued a $158.00 price objective (up from $150.00) on shares of NextEra Energy in a report on Monday, June 19th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. NextEra Energy presently has an average rating of Buy and a consensus price target of $148.18.
Shares of NextEra Energy, Inc. (NYSE NEE) opened at 143.11 on Wednesday. The company’s 50-day moving average is $141.42 and its 200-day moving average is $132.64. The company has a market capitalization of $67.00 billion, a price-to-earnings ratio of 17.41 and a beta of 0.31. NextEra Energy, Inc. has a 12-month low of $110.49 and a 12-month high of $144.87.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.10. The company had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.44 billion. NextEra Energy had a return on equity of 11.82% and a net margin of 23.58%. NextEra Energy’s revenue was up 15.4% on a year-over-year basis. During the same period last year, the company earned $1.67 earnings per share. Analysts predict that NextEra Energy, Inc. will post $6.70 EPS for the current year.
In related news, Director Eric E. Silagy sold 8,111 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $140.58, for a total value of $1,140,244.38. Following the completion of the sale, the director now directly owns 26,884 shares in the company, valued at $3,779,352.72. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Armando Pimentel, Jr. sold 5,680 shares of the firm’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $133.11, for a total value of $756,064.80. Following the completion of the sale, the chief executive officer now 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 90 days, insiders sold 66,111 shares of company stock valued at $9,036,943. 0.53% of the stock is owned by corporate insiders.
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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