NextEra Energy Inc (NEE) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $1.67 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.10. Analysts had a consensus of $1.57. The company posted revenue of $3817.00 million in the period, compared to analysts expectations of $4346.45 million. The company’s revenue was down -12.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.56 EPS.
Many Wall Street Analysts have commented on NextEra Energy Inc. Company shares were Reiterated by Mizuho on Jul 18, 2016 to “Buy”, Firm has raised the Price Target to $ 138 from a previous price target of $125 .
NextEra Energy Inc opened for trading at $127.02 and hit $128.1 on the upside on Thursday, eventually ending the session at $127.42, with a gain of 0.20% or 0.25 points. The heightened volatility saw the trading volume jump to 18,48,167 shares. Company has a market cap of $58,797 M.
In a different news, on Jul 1, 2016, Paul I Cutler (Treasurer) sold 4,796 shares at $130.00 per share price. According to the SEC, on Jun 16, 2016, Joseph T Kelliher (EVP, Federal Reg. Affairs) sold 11,697 shares at $124.31 per share price. On Mar 18, 2016, William L Yeager (EVP Eng, Const. & ISC) sold 5,318 shares at $116.84 per share price, according to the Form-4 filing with the securities and exchange commission.
NextEra Energy Inc. (NEE) is a holding company. The Company operates through its wholly owned subsidiaries Florida Power & Light Company (FPL) and NextEra Energy Resources LLC (NEER). It is an electric power company in North America with electric generating facilities located in 27 states in the United States and four provinces in Canada. Its segments are FPL and NEER. FPL is an electric utility engaged primarily in the generation transmission distribution and sale of electric energy in Florida. NEER owns develops constructs manages and operates electric generating facilities in wholesale energy markets primarily in the United States as well as in Canada and Spain. Corporate and Other segment represents other business activities primarily NextEra Energy Transmission LLC (NEET) and FPL FiberNet. NEET operates through Lone Star Transmission LLC a transmission service provider in Texas and New Hampshire Transmission LLC a transmission owner in ISO New England.