Company Update: NextEra Energy Inc (NYSE:NEE) – NextEra Energy announces CFO transition

[PR Newswire] – JUNO BEACH, Fla., March 1, 2016 /PRNewswire/ — NextEra Energy, Inc. (NEE) today announced that, as part of a previously announced leadership succession plan, John Ketchum has been appointed executive vice president, finance, and chief financial officer following the retirement of Moray P. Dewhurst, vice chairman and chief financial officer. The leadership transition plan was announced in February 2015. “As I shared last year when we announced our planned leadership transition, Moray has been a key member of our senior leadership for well over a decade and is recognized as one of the premier CFOs in the industry,” said Jim Robo, chairman and chief executive officer of NextEra Energy. Read more on this. NextEra Energy, Inc. (NEE) , currently valued at $51.86B, opened at $113.43. A quick look at the market, the company’s stock traded between $111.96 and $113.72 and has traded between $93.74 and $116.98 over the past year. NEE shares are currently priced at 18.34x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 15.19x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $3.48 per share annually in dividends, yielding 3.09%. Consensus earnings for the current quarter by the 10 sell-side analysts covering the stock is an estimate of $1.33 per share, which would be $0.08 worse than the year-ago quarter and a $0.01 sequential increase. What we find to be interesting is that the full-year EPS estimate of $6.15 is a $0.44 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $4.10 Billion. If realized, that would be a 0.00% decrease over the year-ago quarter. More recently, Robert W. Baird upgraded NEE from Neutral to Outperform (Jan 29, 2016). Previously, Scotia Howard Weil Initiated NEE at to Sector Outperform. The average price target for NEE shares by the analysts covering the stock is $120.89, which is 6.58% above where the stock opened this morning. See more in (NYSE:NEE) Similar Articles: Stock Update: NextEra Energy Inc (NYSE:NEE) – NextEra Energy named No. 1 in its industry on Fortune’s 2016 list of ‘World’s Most Admired Companies’ Stock Update: NextEra Energy Inc (NYSE:NEE) – NextEra Energy and NextEra Energy Partners to participate in EEI Financial Conference Stock Update: NextEra Energy Inc (NYSE:NEE) – NextEra Energy and NextEra Energy Partners to present at the 2015 Barclays CEO Energy-Power Conference