Investors looking for stocks in the Utility - Electric Power sector might want to consider either FirstEnergy (FE) or NextEra Energy (NEE) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends ...

The U.S. is entering an unprecedented period (and I'm not talking about the upcoming Presidential election). After decades of static power demand, the country is about to stomp on the accelerator. Forecasters expect the country's electricity demand to grow four times faster over the next 20 years compared to the prior two decades. Several catalysts are driving this acceleration, including onshoring of manufacturing, growing electric vehicle (EV) adoption, and the expansion of data-center capacity. NextEra E ...

Core Viewpoint - NextEra Energy is committed to rewarding shareholders through consistent dividend increases and a focus on renewable energy investments [2][4][6] Dividend History and Growth - NextEra Energy has raised its dividend for 27 consecutive years, with a compound annual growth rate (CAGR) of 11% from $0.66 per share in 2013 to $1.87 per share in 2023 [4] - The company expects to pay dividends of $0.515 per share in each quarter of 2024, projecting a total payout of approximately $4.23 billion for the year [5] - In comparison, NextEra Energy returned $3.78 billion and $3.35 billion in dividends to shareholders in 2023 and 2022, respectively [5] Future Dividend Policy - NextEra Energy announced a dividend policy in February that aims for an annual increase of about 10% through 2026, based on the expected payout of $2.06 per share in 2024 [6] Investment Consideration - The stock is currently trading at a price-to-operating cash flow multiple of 11, suggesting it may be an opportune time for investors to consider adding NextEra Energy to their portfolios [7]

Core Viewpoint - NextEra Energy is experiencing strong business growth driven by favorable market conditions and expects solid earnings in the future [1][4]. Financial Performance - The company reported second-quarter adjusted earnings per share (EPS) of $0.96, exceeding analysts' expectations by $0.06 [2]. - Operating revenue decreased to $6.07 billion from $7.35 billion year-over-year, falling short of forecasts which anticipated $7.03 billion [2]. Market Reaction - Shares of NextEra Energy increased by 4.1% to $75.10, reflecting a year-to-date rise of approximately 24% [3]. Strategic Outlook - CEO John Ketchum highlighted that "strong tailwinds" are creating opportunities for NextEra to replace less efficient power generation and meet growing demand across sectors [5]. - The company reaffirmed its guidance for the next four fiscal years, indicating confidence in its financial trajectory [6]. Subsidiary Performance - Net income for Florida Power & Light increased by $80 million to $1.23 billion, driven by ongoing investments [7]. - Adjusted net income for NextEra Energy Resources rose by $84 million to $865 million, supported by increased power production, including a partnership with Google to meet data center power needs [7]. Future Expectations - The CEO expressed that the company aims to deliver financial results at or near the top of its adjusted EPS expectations through 2027 while maintaining a strong balance sheet [8].

Financial Performance - Net income attributable to NEE decreased by $1,173 million for the three months ended June 30, 2024, reflecting lower results at NEER and Corporate and Other, partly offset by higher results at FPL[124]. - NEE's earnings per share for the three months ended June 30, 2024, was $0.79, compared to $1.38 in the same period of 2023[121]. - For the six months ended June 30, 2024, NEE reported a net income of $1,489 million, compared to $2,764 million for the same period in 2023, reflecting a decrease of approximately 46%[173]. - Net income for the three months ended June 30, 2024, was $1.296 billion, down 49.5% from $2.564 billion in the same period last year[223]. - Comprehensive income attributable to NEE for the three months ended June 30, 2024, was $1.618 billion, compared to $2.795 billion for the same period in 2023[223]. - Net income for the six months ended June 30, 2024, was $3,233 million, a decrease from $4,349 million in the same period of 2023, representing a decline of approximately 25.6%[239]. Revenue and Expenses - Operating revenues for NEE for the six months ended June 30, 2024, were $11,801 million, down from $28,114 million in the previous year, representing a decline of approximately 58%[173]. - Operating revenues for the three months ended June 30, 2024, were $6.069 billion, a decrease of 17.4% compared to $7.349 billion for the same period in 2023[222]. - Operating income for the six months ended June 30, 2024, was $3.682 billion, a decline of 35.7% compared to $5.741 billion for the same period in 2023[222]. - Total operating expenses for the three months ended June 30, 2024, were $4.428 billion, a decrease of 2.8% from $4.556 billion in the same period last year[222]. - Revenue from contracts with customers for the three months ended June 30, 2024, was approximately $6.0 billion, a decrease from $6.3 billion in the same period of 2023, reflecting a decline of about 4.8%[256]. Capital Expenditures - FPL's capital expenditures for the six months ended June 30, 2024, totaled $4,408 million, compared to $4,732 million in the same period of 2023[129]. - NEER's total capital expenditures for the six months ended June 30, 2024, were $10,120 million, an increase from $8,292 million in the prior year[129]. - Capital expenditures of Florida Power & Light (FPL) were $4,260 million for the six months ended June 30, 2024, down from $4,664 million in the prior year, indicating a reduction of approximately 8.7%[239]. Liquidity and Debt - NEE's total net available liquidity was approximately $13.6 billion as of June 30, 2024[131]. - NEE's total current liabilities stood at $26,231 million, with total noncurrent liabilities at $99,057 million, highlighting significant obligations[170]. - NEE's long-term debt as of June 30, 2024, was $25,037 million, up from $23,609 million as of December 31, 2023, indicating an increase of approximately 6%[272]. - Issuances of long-term debt, including premiums and discounts, totaled $14,111 million for the six months ended June 30, 2024, compared to $9,978 million in the same period of 2023, reflecting an increase of about 41.5%[239]. Investments and Assets - NEE's total assets increased to $95,055 million as of June 30, 2024, from $91,469 million at the end of 2023[133]. - Total current assets for NEE as of June 30, 2024, were $12,803 million, while total noncurrent assets were $171,921 million, indicating a strong asset base[170]. - As of June 30, 2024, NEE subsidiaries had investments totaling approximately $5,505 million, primarily in commingled funds and asset-backed securities[163]. - The assets and liabilities of eight indirect subsidiaries owning solar generation facilities were approximately $1,749 million and $533 million, respectively, at June 30, 2024[316]. Risk Management - NEE's risk management policies are in place to monitor and manage market risks associated with commodity prices, interest rates, and equity prices[172]. - NEE's exposure management committee oversees market risk management policies and receives periodic updates on market positions and credit exposures[182]. - The company faces risks related to regulatory changes that could materially affect its financial condition and operations[258]. - NEE's credit risk exposure associated with energy marketing and trading operations totaled approximately $3.0 billion as of June 30, 2024, with 92% of this exposure to investment-grade companies[202]. Shareholder Returns - The company has a share repurchase program authorized for up to 180 million shares, with 12,923 shares purchased at an average price of $76.91 during the three months ended June 30, 2024[207]. - Dividends on common stock for the six months ended June 30, 2024, amounted to $2,115 million, up from $1,876 million in the same period of 2023, representing an increase of approximately 12.7%[239]. - Dividends to NEE for the six months ended June 30, 2024, were $3,700 million, an increase from $2,065 million in the same period of 2023[252][253]. Operational Efficiency - The company is continuously seeking to improve operational efficiency and effectiveness[196]. - The company plans to continue focusing on market expansion and new technology development to drive future growth[224].

Core Insights - NextEra Energy, Inc. (NEE) reported second-quarter 2024 adjusted earnings of 96 cents per share, exceeding the Zacks Consensus Estimate of 93 cents by 3.2% and reflecting a year-over-year increase of nearly 9.1% [1] - The company's operating revenues for the second quarter were $6.06 billion, falling short of the Zacks Consensus Estimate of $7.26 billion by 16.8% and down 17.4% year over year [6] - Florida Power & Light Company (FPL) and NextEra Energy Resources were key contributors to the earnings performance, with FPL's revenues at approximately $4.38 billion, down 8.1% from the previous year, and NextEra Energy Resources' revenues at $2.56 billion, down 27.2% [7] Financial Performance - GAAP earnings per share for the second quarter were 79 cents, compared to $1.38 in the same period last year [5] - Cash and cash equivalents as of June 30, 2024, were nearly $1.55 billion, a decrease from $2.7 billion on December 31, 2023 [11] - Long-term debt increased to $68.5 billion as of June 30, 2024, up from $61.4 billion at the end of 2023 [12] Segment Results - FPL's earnings per share were 60 cents, up from 57 cents a year ago, despite a revenue decline [7] - NextEra Energy Resources reported earnings of 42 cents per share, compared to 39 cents in the prior-year quarter [7] - The corporate segment had operating revenues of $35 million, with an operating loss of 6 cents per share, an improvement from a loss of 8 cents in the previous year [8] Growth and Guidance - NextEra Energy reaffirmed its 2024 earnings guidance in the range of $3.23-$3.43 per share, with a midpoint of $3.33, which is lower than the Zacks Consensus Estimate of $3.40 [13] - For 2025, the company expects earnings per share of $3.45-$3.70, and anticipates a growth rate of 6-8% per year through 2026, based on 2024 adjusted earnings [13] - The Energy Resources unit aims to add 36,500-45,500 MW of renewable power projects to its portfolio from 2024 to 2027 [14] Operational Highlights - FPL has saved customers nearly $16 billion in fuel costs since 2001 through its generation modernization efforts and solar portfolio expansion [9] - NextEra Energy Resources expanded its contracted renewables backlog by adding 3,015 MW of renewable projects in the quarter, bringing the total backlog to nearly 22.6 gigawatts [10]

Core Insights - NextEra Energy reported a revenue of $6.07 billion for the quarter ended June 2024, reflecting a decline of 17.4% year-over-year, while EPS increased to $0.96 from $0.88 in the previous year [1]. Financial Performance - Florida Power & Light (FPL) generated operating revenues of $4.39 billion, which was below the three-analyst average estimate of $4.96 billion, marking an 8.1% decrease year-over-year [3]. - NextEra Energy Resources (NEER) reported operating revenues of $1.65 billion, significantly lower than the $2.39 billion average estimate, representing a year-over-year decline of 35.6% [3]. - Operating income for FPL was $1.74 billion, slightly above the average estimate of $1.64 billion [3]. - NEER's operating income was only $7 million, compared to the average estimate of $868.79 million, indicating a substantial shortfall [3]. - The overall revenue fell short of the Zacks Consensus Estimate of $7.29 billion, resulting in a surprise of -16.76%, while the EPS exceeded expectations with a surprise of +3.23% [4]. Market Performance - Over the past month, NextEra's shares have returned -1.2%, contrasting with the Zacks S&P 500 composite's increase of +1.8% [5]. - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [5].

NextEra Energy (NEE) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.93 per share. This compares to earnings of $0.88 per share a year ago. These figures are adjusted for non-recurring items. Over the last four quarters, the company has surpassed consensus EPS estimates four times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on t ...

NextEra Energy, Inc. NextEra Energy, Inc. (NYSE: NEE) is a leading clean energy company headquartered in Juno Beach, Florida. NextEra Energy owns Florida Power & Light Company, which is America's largest electric utility that sells more power than any other utility, providing clean, affordable, reliable electricity to approximately 5.9 million customer accounts, or more than 12 million people across Florida. NextEra Energy also owns a competitive clean energy business, NextEra Energy Resources, LLC, which, ...

JUNO BEACH, Fla., July 24, 2024 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE) has posted its secondquarter 2024 financial results in a news release available on the company's website by accessing the following link: www.NextEraEnergy.com/FinancialResults. NextEra Energy, Inc. SOURCE NextEra Energy, Inc. John Ketchum, chairman, president and chief executive officer of NextEra Energy, Brian Bolster, executive vice president, finance and chief financial officer of NextEra Energy, and other members of the co ...