Market Update (NYSE:NEE): NextEra Energy honored for best investor relations program in utilities sector by IR Magazine

[PR Newswire] – JUNO BEACH, Fla., April 4, 2016 /PRNewswire/ — NextEra Energy, Inc. (NEE) today announced that it has been recognized by IR Magazine for having the best investor relations program in the utilities sector. “Our investor relations team does a terrific job communicating the NextEra Energy story with our important stakeholders in the financial community, and I’m very pleased that IR Magazine has chosen to recognize them once again,” said Jim Robo, chairman and chief executive officer of NextEra Energy. Read more on this. NextEra Energy, Inc. (NEE) , valued at $54.54B, opened at $119.03. Today’s price range has been between $117.94 and $119.18 per share and has traded between $93.74 and $119.37 over the past 12 months. Priced at 19.30x this year’s forecasted earnings, NEE shares are relatively expensive compared to the industry’s 17.02x forward p/e ratio. And for dividend hunters, the company pays shareholders $3.48 per share annually in dividends, yielding 2.93%. In a review of the consensus earnings estimate this quarter, 10 sell-side analysts are looking at $1.35 per share, which would be $0.06 worse than the year-ago quarter and a $0.03 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $6.15 would be a $0.44 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.98 Billion. If reported, that would be a 2.93% decrease over the year-ago quarter. Recently, Robert W. Baird upgraded NEE from Neutral to Outperform (Jan 29, 2016). Previously, Scotia Howard Weil Initiated NEE at to Sector Outperform. Given all the information above, we should disclose to readers that the average price target is $122.67, which is 3.06% above than it 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 (NYSE:NEE): NextEra Energy Honored As a Top U.S. Company for Diversity and Inclusion