Market Update: NextEra Energy Inc (NYSE:NEE) – NextEra Energy Partners, LP first-quarter 2016 financial results available on partnership’s website

[PR Newswire] – JUNO BEACH, Fla., April 28, 2016 /PRNewswire/ — NextEra Energy Partners, LP (NYSE: NEP) has posted its first-quarter 2016 financial results in a news release available on the partnership’s website by … Read more on this. NextEra Energy, Inc. (NEE) , with a current market cap of $54.10B, opened this morning at $115.80. A quick look at the market, the company’s stock traded between $115.13 and $117.73 with a one year range of $93.74 to $119.37. Priced at 19.04x this year’s forecasted earnings, NEE shares are relatively expensive compared to the industry’s 16.86x forward p/e ratio. And for income investors, the company pays shareholders $3.48 per share annually in dividends, yielding 3.04%. According to a consensus of 12 analysts, the earnings estimate of $1.39 per share would be $0.02 worse than the year-ago quarter and a $0.05 sequential increase. The full-year EPS estimate is $6.14 which would be a $0.43 improvement than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.96 Billion. If realized, that would be a 3.41% decrease over the year-ago quarter. In terms of ratings, Macquarie downgraded NEE from Outperform to Neutral (Apr 5, 2016). Previously, Robert W. Baird upgraded NEE from Neutral to Outperform. The average price target for NEE shares is $125.25, which is 8.16% above where the stock opened this morning. See more in (NYSE:NEE) Similar Articles: 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 2015 fourth-quarter and full-year financial results available on company’s website Stock Update: NextEra Energy Inc (NYSE:NEE) – NextEra Energy and NextEra Energy Partners to participate in EEI Financial Conference