Company Update: NextEra Energy Inc (NYSE:NEE) – NextEra Energy Partners, LP announces date for release of first-quarter 2016 financial results
April 14, 2016 at 06:55 AM EDT
[PR Newswire] – JUNO BEACH, Fla., April 14, 2016 /PRNewswire/ — NextEra Energy Partners, LP (NYSE: NEP) today announced that it plans to report first-quarter 2016 financial results before the opening of the New York … Read more on this. NextEra Energy, Inc. (NEE) , valued at $53.65B, started the session at $116.17. Looking at today’s trading action, the company’s one day range from $115.99 to $116.93 with a trailing 52-week range being $93.74 to $119.37. Priced at 19.06x this year’s forecasted earnings, NEE shares are relatively expensive compared to the industry’s 16.80x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $3.48 per share annually in dividends, yielding 2.99%. According to a consensus of 10 analysts, the earnings estimate of $1.35 per share would be $0.06 worse than the year-ago quarter and a $0.04 sequential increase. The full-year EPS estimate is $6.14 which would be a $0.43 better than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.98 Billion. If realized, that would be a 2.93% decrease over the year-ago quarter. In terms of ratings, Macquarie downgraded NEE from Outperform to Neutral (Apr 5, 2016). Previously, Robert W. Baird upgraded NEE from Neutral to Outperform. Investors should keep in mind is that the average price target is $124.41, which is 7.09% above where the stock opened this morning. See more in (NYSE:NEE) Similar Articles: Company Update (NYSE:NEE): NextEra Energy Partners, LP announces date for release of fourth-quarter and full-year 2015 financial results Stock Update: NextEra Energy Inc (NYSE:NEE) – NextEra Energy and NextEra Energy Partners to participate in EEI Financial Conference Company Update: NextEra Energy Inc (NYSE:NEE) – NextEra Energy third-quarter 2015 financial results available on company’s website
