- NextEra Energy, Inc’s (NYSE: NEE) adjusted EPS rose by 12% YoY to US$0.75.
- The company holds the No. 1 rank on Fortune's list of "World's Most Admired Companies" in the electricity and gas utility sector for 2021.
- The NextEra stock rose 9% YTD. Its dividend yield is 1.9%.
NextEra Energy, Inc. (NYSE: NEE) on Wednesday posted strong third-quarter results on Wednesday.
Its adjusted earnings per share increased to US$0.75, up 12% YoY, from EPS of US$0.67 in the comparable quarter of 2020. NextEra’s revenue was US$4.37 billion for the September quarter compared to US$4.76 billion in Q3 in 2020.
Its net income attributable to NextEra Energy on a GAAP basis was US$447 million, or US$0.23 per share, compared to US$1,229 million, or US$0.62 per share, for the third quarter of 2020.
NEE's outlook remains unchanged. The company expects earnings per share to stay in the range of between US$2.40 and US$2.54 for the full year of 2021.
For 2022 and 2023, NextEra expects earnings per share to be between US$2.55 and US$2.75, and US$2.77 and US$2.97, respectively.
Source - pixabay
The Florida Power & Light Company (FPL) segment revenue was US$3.69 billion, Gulf Power contributed US$440 million, NEER revenue was US$258 million, and Corporate and other segments generated negative revenue of US$22 million, bringing the total operating revenue to US$4.37 billion. NextEra's operating income was US$379 million.
The Juno Beach, Florida-headquartered NEE is a clean energy company. It serves over 5.6 million customer accounts.
The Florida Power & Light Company is a vertically integrated and rate-regulated electric utility. It serves more than 11 million residents across Florida with clean and affordable electricity.
NextEra holds the No. 1 rank on Fortune's list of "World's Most Admired Companies" in the electricity and gas utility sector for 2021.
The company has a market cap of US$164.6 billion. Its P/E ratio is 52.62, and the forward P/E for one year is US$32.55. The annualized dividend is US$1.54, and the dividend yield is 1.9%.
The stock closed at US$82.03 on Oct 19, 2021.
The NYSE Energy Index (NYE) rose 50.02% YTD and 91.80% in one year. At the same time, NEE stock grew 9% YTD and 11% in one year. However, investors should evaluate the companies carefully before investing in the stock market.