Welcome to our dedicated page for Nextra Energy news (Ticker: NEE), a resource for investors and traders seeking the latest updates and insights on Nextra Energy stock.
NextEra Energy, Inc. (NYSE: NEE) is a leading American energy company headquartered in Juno Beach, Florida. With a generating capacity of approximately 58 gigawatts (GW), the company reported revenues exceeding $18 billion in 2020 and employs around 14,900 individuals across the United States and Canada. As the largest electric utility holding company by market capitalization, NextEra Energy is a significant player in the energy sector.
NextEra Energy's principal subsidiary, Florida Power & Light (FP&L), is the largest rate-regulated utility in Florida. FP&L serves nearly 6 million customer accounts, providing clean, affordable, and reliable electricity to over 12 million residents. It generates 34 GW of power, contributing roughly 70% of NextEra's consolidated operating earnings.
Another key segment of NextEra Energy is NextEra Energy Resources, the renewable energy sector. This division is the world's largest generator of renewable energy from wind and solar sources and a global leader in battery storage, boasting over 30 GW of generation capacity. The company’s portfolio includes diverse sources such as natural gas, nuclear, wind, and solar energy.
Recent achievements include the successful pricing of $1.0 billion in subordinated debentures by NextEra Energy Capital Holdings, a move aimed at funding investments in energy projects and repaying commercial paper obligations. Additionally, FP&L has secured regulatory approval for consecutive rate decreases, reflecting its commitment to lowering customer bills and maintaining affordability.
NextEra Energy is frequently recognized for its efforts in sustainability, corporate responsibility, ethics, and diversity. In 2023, it was ranked No. 1 in the electric and gas utilities industry in Fortune's list of 'World's Most Admired Companies' and was also noted for its contributions to global environmental goals. The company operates seven commercial nuclear power units across Florida, New Hampshire, and Wisconsin, generating emissions-free electricity.
On March 19, 2021, NextEra Energy, Inc. (NEE) and NextEra Energy Partners, LP (NEP) announced their participation in upcoming investor meetings to discuss financial expectations. For 2021, NextEra Energy anticipates adjusted earnings per share between $2.40 and $2.54, with projected growth of 6% to 8% for 2022 and 2023. This translates to adjusted earnings per share expectations of $2.55 to $2.75 and $2.77 to $2.97, respectively. Additionally, NextEra Energy Partners expects a distribution per unit growth rate of 12% to 15% through at least 2024.
NextEra Energy Marketing has established the Great Pee Dee Mitigation Bank (GPDMB) in South Carolina, approved by the state's Interagency Review Team in February 2021. Covering approximately 1,100 acres, the GPDMB aims to restore local streams and wetlands while providing environmental credits to support economic development in the region. With plans to plant nearly 300,000 native trees and restore over seven miles of streams, the initiative will facilitate permit approvals for developers. This project reflects NextEra's commitment to sustainability as a leading clean energy provider.
Florida Power & Light Company (FPL) has filed a four-year rate adjustment proposal with the Florida Public Service Commission, beginning in 2022. This plan aims to maintain bills below the national average while investing over $29 billion to enhance reliability and resilience against climate change. Despite a projected average annual increase of 3.4%, typical residential bills are expected to remain approximately 20% lower than national averages through 2025. The merger with Gulf Power is anticipated to save customers over $2.8 billion over the asset lifetime.
NextEra Energy, Inc. (NYSE: NEE) and NextEra Energy Partners, LP (NYSE: NEP) will engage in investor meetings throughout February and March 2021. They reaffirm long-term financial expectations, projecting adjusted EPS for 2021 between $2.40 and $2.54. Anticipated growth rates for EPS are 6%-8% for 2022 and 2023, estimating ranges of $2.55 to $2.75 and $2.77 to $2.97, respectively. NextEra Energy Partners expects a distribution growth rate of 12%-15% through at least 2024.
NextEra Energy, Inc. (NYSE: NEE) announced the appointment of Lynn M. Utter to its board of directors on February 12, 2021. Utter's extensive background in operations, talent management, and strategic planning is expected to enhance the company's leadership. She previously served in executive roles at Atlas Holdings, First Source, and Knoll, with significant experience in consumer-facing industries. NextEra Energy is known for its leadership in renewable energy generation and sustainable practices, serving over 5.6 million customers through its utility operations.
On February 12, 2021, NextEra Energy (NYSE: NEE) announced a quarterly dividend of $0.385 per share, reflecting a 10% increase from the previous year. The dividend, payable on March 15, 2021, to shareholders on record as of February 26, 2021, aligns with the company's growth target set in 2020 for 10% annual dividend growth through at least 2022. With a payout ratio of 61%, lower than the peer average, NextEra Energy is positioned to sustain dividend growth while maintaining strong financial performance.
NextEra Energy Resources, along with First Student and First Transit, has announced a framework agreement to electrify thousands of school and public transportation vehicles in the U.S. and Canada. The collaboration aims to enhance air quality and promote zero-emission vehicles. With First Student's fleet of 43,000 buses and 500 depots, along with NextEra's clean energy expertise, they anticipate significant progress in electrification. This initiative aligns with North America's largest student transportation market, representing opportunities for clean energy integration and improved community health.
NextEra Energy, Inc. (NYSE: NEE) released its fourth-quarter and full-year 2020 financial results on January 26, 2021. The comprehensive report is accessible on their website. The company, a leader in clean energy, operates Florida Power & Light, serving over 5.6 million customer accounts. NextEra is the largest renewable energy generator in the world, with significant achievements in battery storage and nuclear power generation across multiple states. The live investor presentation discussing these results is available at the same online link.
NextEra Energy Partners, LP (NYSE: NEP) has released its fourth-quarter and full-year 2020 financial results, available on its website. The company continues to focus on acquiring and managing contracted clean energy projects, ensuring stable cash flows. An investor presentation will be held at 9 a.m. ET today, discussing both NEP and NextEra Energy, Inc. (NYSE: NEE) results. Interested parties can access a replay of the presentation for 90 days.
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