Company Update (NYSE:NEE): NextEra Energy Partners, LP announces date for release of second-quarter 2016 financial results
July 12, 2016 at 06:45 AM EDT
[PR Newswire] – JUNO BEACH, Fla., July 12, 2016 /PRNewswire/ — NextEra Energy Partners, LP (NYSE: NEP) today announced that it plans to report second-quarter 2016 financial results before the opening of the New York … Read more on this. NextEra Energy, Inc. (NEE) , currently valued at $59.47B, finished at $129.69. During today’s session, NEE traded between $128.85 to $129.99 with a trailing 52-week range being $93.74 to $131.98. NEE shares are currently priced at 21.02x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 15.32x earnings multiple. And for income investors, the company pays shareholders $3.48 per share annually in dividends, yielding 2.86%. According to a consensus of 10 analysts, the earnings estimate of $1.55 per share would be $0.01 worse than the year-ago quarter and a $0.03 sequential decrease. The full-year EPS estimate is $6.17 which would be a $0.46 better than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $4.33 Billion. If realized, that would be a 0.69% decrease over the year-ago quarter. More recently, Macquarie downgraded NEE from Outperform to Neutral (Apr 5, 2016). Previously, Robert W. Baird upgraded NEE from Neutral to Outperform. Given all the information above, we should disclose to readers that the average price target is $132.25, which is 1.97% above than it opened this morning. See more in (NYSE:NEE) Similar Articles: Market Update: NextEra Energy Inc (NYSE:NEE) – NextEra Energy Partners, LP first-quarter 2016 financial results available on partnership’s website Company Update: NextEra Energy Inc (NYSE:NEE) – NextEra Energy Partners, LP announces date for release of first-quarter 2016 financial results Company Update (NYSE:NEE): NextEra Energy Partners, LP announces date for release of fourth-quarter and full-year 2015 financial results
