We are maintaining our $71 per share NextEra Energy fair value estimate after the company reported first-quarter operating earnings of $0.91 per share, up from $0.84 in the same period last year. Management reaffirmed 6% to 8% annual earnings growth expectations through 2026. We expect the company to achieve the midpoint.
FP&L operates in one of the most constructive regulatory environments with numerous capital investment opportunities.
The company's campaign finance practices have come under scrutiny, potentially threatening its constructive regulatory environment in Florida.
|
Metric
|
NEE
|
AGR
|
DUK
|
|---|---|---|---|
Price/Earnings (Normalized) | 20.82 | 24.40 | 17.38 |
Price/Book Value | 2.80 | 0.73 | 1.61 |
Price/Sales | 4.99 | 1.72 | 2.61 |
Price/Cash Flow | 10.13 | 8.16 | 7.86 |
|
Metric
|
NEE
|
AGR
|
DUK
|
|---|---|---|---|
Quick Ratio | 0.31 | 0.32 | 0.25 |
Current Ratio | 0.55 | 0.65 | 0.74 |
Interest Coverage | 3.19 | 2.60 | 2.57 |
|
Metric
|
NEE
|
AGR
|
DUK
|
|---|---|---|---|
Return on Assets (Normalized) | 2.39% | 1.92% | 0.49% |
Return on Equity (Normalized) | 8.94% | 4.15% | 1.85% |
Return on Invested Capital (Normalized) | 4.85% | 3.63% | 2.77% |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
SO
| Southern Co | Mqsmsxrvp | Gxfkcb | $80.2 Bil | |
DUK
| Duke Energy Corp | Fjtdzftvx | Fgqfys | $75.7 Bil | |
NGG
| National Grid PLC ADR | Tbymjwndv | Vdmp | $48.1 Bil | |
AEP
| American Electric Power Co Inc | Sswwnmzbx | Plynbp | $44.7 Bil | |
PCG
| PG&E Corp | Vmknfshm | Hppyh | $44.3 Bil | |
D
| Dominion Energy Inc | Brxcdch | Nsysjf | $42.4 Bil | |
EXC
| Exelon Corp | Syjgmvtsm | Klmcj | $36.7 Bil | |
PEG
| Public Service Enterprise Group Inc | Zvntyzq | Vmdhbk | $33.2 Bil | |
ED
| Consolidated Edison Inc | Nhgdfzpms | Gmnm | $32.1 Bil |
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