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NextEra Energy Inc NEE

Morningstar Rating
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Stock XNYS Rating as of
$74.26 +0.82 (1.12%)
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As of Delayed Price Closed
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Company Report

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NextEra Energy Earnings: Strong First Half Puts NextEra on Track to Meet Our Expectations

Andrew Bischof

We are maintaining our $71 per share NextEra Energy fair value estimate after the company reported second-quarter operating earnings of $0.96 per share, up from $0.88 in the same period last year. Management reaffirmed NextEra's financial targets released at its June investor day. The company's 6% to 8% annual earnings growth expectations through 2027 are unchanged, and we expect the company to achieve the high end. After trading below our fair value estimate much of the past year, NextEra Energy now trades in line with our estimate.

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Price vs Fair Value

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NEE is trading at a 316% premium.
Price
$74.26
Fair Value
$71.00
Uncertainty
Medium
1-Star Price
$73.36
5-Star Price
$37.40
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

FP&L operates in one of the most constructive regulatory environments with numerous capital investment opportunities.

Bears

The company's campaign finance practices have come under scrutiny, potentially threatening its constructive regulatory environment in Florida.

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News

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Trading Information

Previous Close Price
$73.44
Day Range
$73.52–74.99
52-Week Range
$47.15–80.47
Bid/Ask
$72.84 / $74.50
Market Cap
$152.63 Bil
Volume/Avg
7.1 Mil / 11.5 Mil

Key Statistics

Price/Earnings (Normalized)
22.30
Price/Sales
5.89
Dividend Yield (Trailing)
2.65%
Dividend Yield (Forward)
2.77%
Total Yield
2.65%

Company Profile

NextEra Energy's regulated utility, Florida Power & Light, is the largest rate-regulated utility in Florida. The utility distributes power to nearly 6 million customer accounts in Florida and owns 34 gigawatts of generation. FP&L contributes roughly 70% of NextEra's consolidated operating earnings. NextEra Energy Resources, the renewable energy segment, generates and sells power throughout the United States and Canada with more than 34 GW of generation capacity, including natural gas, nuclear, wind, and solar.
Sector
Utilities
Industry
Utilities - Regulated Electric
Stock Style Box
Large Core
Total Number of Employees
16,800
Website
https://www.nexteraenergy.com

Competitors

Valuation

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Metric
NEE
SO
AGR
Price/Earnings (Normalized)
 22.3025.1923.51
Price/Book Value
 3.112.810.69
Price/Sales
 5.893.551.60
Price/Cash Flow
 10.9711.986.83
Price/Earnings
NEE
SO
AGR

Financial Strength

Metric
NEE
SO
AGR
Quick Ratio
 0.280.410.24
Current Ratio
 0.490.920.52
Interest Coverage
 2.732.882.91
Quick Ratio
NEE
SO
AGR

Profitability

Metric
NEE
SO
AGR
Return on Assets (Normalized)
 2.55%2.90%2.31%
Return on Equity (Normalized)
 9.48%12.84%5.13%
Return on Invested Capital (Normalized)
 5.59%6.34%4.43%
Return on Assets
NEE
SO
AGR
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