NextEra Energy (NYSE:NEE) Issues FY 2022 Earnings Guidance

NextEra Energy (NYSE:NEEGet Rating) updated its FY 2022 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $2.80-$2.90 for the period, compared to the consensus estimate of $2.82. The company issued revenue guidance of -. NextEra Energy also updated its FY 2023 guidance to $2.98-$3.13 EPS.

A number of research analysts have recently commented on NEE shares. StockNews.com started coverage on NextEra Energy in a research note on Thursday, March 31st. They issued a hold rating for the company. Morgan Stanley cut their price target on shares of NextEra Energy from $88.00 to $86.00 and set an equal weight rating on the stock in a report on Monday, May 23rd. TheStreet downgraded NextEra Energy from a b rating to a c+ rating in a report on Thursday, April 21st. KeyCorp raised their target price on NextEra Energy from $87.00 to $89.00 and gave the stock an overweight rating in a research report on Thursday, April 7th. Finally, Wells Fargo & Company increased their price target on NextEra Energy from $102.00 to $107.00 and gave the company an overweight rating in a research note on Monday, April 18th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Buy and an average price target of $90.14.

NEE stock traded down $0.90 during mid-day trading on Tuesday, reaching $71.51. The company’s stock had a trading volume of 135,177 shares, compared to its average volume of 9,818,635. NextEra Energy has a 12 month low of $67.22 and a 12 month high of $93.73. The company has a current ratio of 0.49, a quick ratio of 0.42 and a debt-to-equity ratio of 1.16. The business’s 50 day moving average price is $76.23 and its 200 day moving average price is $80.65. The company has a market cap of $140.48 billion, a price-to-earnings ratio of 97.85, a price-to-earnings-growth ratio of 3.03 and a beta of 0.48.

NextEra Energy (NYSE:NEEGet Rating) last announced its quarterly earnings data on Thursday, April 21st. The utilities provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.69 by $0.05. The company had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $5.16 billion. NextEra Energy had a net margin of 8.97% and a return on equity of 11.49%. During the same quarter last year, the firm posted $0.67 EPS. As a group, equities analysts expect that NextEra Energy will post 2.81 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st will be paid a $0.425 dividend. The ex-dividend date is Friday, May 27th. This represents a $1.70 annualized dividend and a dividend yield of 2.38%. NextEra Energy’s dividend payout ratio is presently 229.73%.

In other news, Director Kirk S. Hachigian bought 10,000 shares of the stock in a transaction dated Tuesday, May 3rd. The shares were bought at an average cost of $70.19 per share, with a total value of $701,900.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $350,950. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.43% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of NEE. ClearBridge Investments Ltd lifted its holdings in shares of NextEra Energy by 42.3% in the first quarter. ClearBridge Investments Ltd now owns 1,717,615 shares of the utilities provider’s stock valued at $145,499,000 after purchasing an additional 510,202 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in NextEra Energy by 27.2% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,036,400 shares of the utilities provider’s stock valued at $172,503,000 after acquiring an additional 435,900 shares in the last quarter. Bridgewater Associates LP bought a new position in NextEra Energy during the 1st quarter valued at $28,007,000. Mariner LLC boosted its holdings in NextEra Energy by 29.2% during the 1st quarter. Mariner LLC now owns 1,303,305 shares of the utilities provider’s stock worth $110,403,000 after acquiring an additional 294,582 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of NextEra Energy by 3.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 9,309,930 shares of the utilities provider’s stock worth $788,644,000 after acquiring an additional 282,012 shares in the last quarter. 77.89% of the stock is owned by hedge funds and other institutional investors.

About NextEra Energy (Get Rating)

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, coal, and natural gas facilities. 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.

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Earnings History and Estimates for NextEra Energy (NYSE:NEE)

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