NextEra Energy, Inc. (NEE), Duke Energy Corp (DUK), Spectra Energy Corp. (SE): Can This Dividend Stock Grow Another 22%?

Page 1 of 2

NextEra Energy, Inc. (NYSE:NEE)NextEra Energy, Inc. (NYSE:NEE) reported earnings yesterday, just missing top-line estimates but pulling through on the bottom. Mr. Market didn’t seem too riled up over revenue, with shares heading up 2%. This dividend growth stock has gained 21.7% over the past year, causing many investors to wonder when this bull is going to run out of steam. With the latest numbers in, here’s what you need to know.

Number crunching
NextEra Energy, Inc. (NYSE:NEE)’s revenue clocked in at $3.88 billion, 5.9% above last year’s Q2 and a smidgen ($10 million) below analyst estimates.

Fallings sales are no news for utilities, and in such a regulated industry, investors should be equally, or even more, concerned with bottom-line numbers. Adjusted EPS came in at $1.46 for Q2 2013, a whopping 14% above predictions and $0.20 more than NextEra managed in Q2 2012.

Over the past five years, NextEra Energy, Inc. (NYSE:NEE) sales have dropped off 12%, but the utility has made more from less with a 13% increase in adjusted EPS.

NEE Revenue TTM Chart

NEE Revenue TTM data by YCharts

Fueling fundamentals
NextEra Energy, Inc. (NYSE:NEE) has managed some major wins this past quarter. Its nuclear modernization project came in under budget, ahead of schedule, and with 100 more MW than previously expected. At the same time, the company kept its title as the nation’s largest producer of renewable energy by continuing to increase economies of scale with new contracted renewable assets.

On the regulated side, NextEra Energy, Inc. (NYSE:NEE) managed to maintain 11% return on equity for its Florida Power & Light utility, an impressive feat as other regulatory bodies have pushed back on recent rate requests. Duke Energy Corp (NYSE:DUK) announced last week that it will revise its Carolinas rate request down nearly 50%, cutting around $100 million off its retail revenue.

The big news on the Wall Street block is NextEra Energy, Inc. (NYSE:NEE)’s new $3 billion joint-venture partnership with Spectra Energy Corp. (NYSE:SE). The two utilities are teaming up to add a third major natural gas pipeline to Florida’s infrastructure. NextEra hopes to receive regulatory approval by the end of the year, and will front $1 billion for the joint venture, along with $550 million for its own energy center connection.

Source: NextEra Q2 Earnings presentation

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!