NextEra Energy (NYSE:NEE – Get Free Report) issued its quarterly earnings results on Wednesday. The utilities provider reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03, Briefing.com reports. The company had revenue of $6.07 billion for the quarter, compared to analyst estimates of $7.29 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. During the same period last year, the company earned $0.88 earnings per share. NextEra Energy updated its FY24 guidance to $3.23-3.43 EPS and its FY25 guidance to $3.45-3.70 EPS.
NextEra Energy Trading Up 1.1 %
NEE traded up $0.82 during trading on Friday, reaching $74.26. The company had a trading volume of 7,076,174 shares, compared to its average volume of 10,298,145. The firm’s 50-day simple moving average is $73.90 and its 200 day simple moving average is $66.05. The company has a market cap of $152.57 billion, a price-to-earnings ratio of 20.23, a PEG ratio of 2.52 and a beta of 0.54. NextEra Energy has a 12-month low of $47.15 and a 12-month high of $80.47. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.43 and a current ratio of 0.49.
NextEra Energy Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be paid a $0.515 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a yield of 2.77%. NextEra Energy’s dividend payout ratio is currently 56.13%.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Report on NextEra Energy
NextEra Energy Company Profile
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.
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