Company Update (NYSE:NEE): NextEra Energy schedules live webcast of company’s 2016 annual meeting of shareholders

[PR Newswire] – JUNO BEACH, Fla., May 12, 2016 /PRNewswire/ — NextEra Energy, Inc. (NYSE: NEE) will provide a live webcast of its 2016 annual meeting of shareholders, which begins at 8 a.m. CT (9 a.m. ET) on Thursday, … Read more on this. NextEra Energy, Inc. (NEE) , with a current market cap of $55.90B, started the session at $119.87. Looking at the equity, the company’s one day range is $119.27 to $121.39 and has traded between $93.74 and $121.39 over the past 12 months. NEE shares are currently priced at 19.27x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 16.59x earnings multiple for the same period. The company pays shareholders $3.48 per share in dividend income per year, for a current yield of 2.93%. According to a consensus of 6 analysts, the earnings estimate of $1.52 per share would be $0.04 worse than the year-ago quarter and a $0.08 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 predicated on a consensus revenue forecast of $4.31 Billion. If reported, that would be a 1.15% 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. With the above information in mind, readers should note that the average price target is $127.73, which is 6.56% above where the stock 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 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’