Market Update (NYSE:NEE): NextEra Energy Partners to participate in the 4th Annual Credit Suisse MLP and Energy Logistics Conference

[PR Newswire] – JUNO BEACH, Fla., June 20, 2016 /PRNewswire/ — Armando Pimentel, president of NextEra Energy Partners, LP (NYSE: NEP), is scheduled to participate in the 4th Annual Credit Suisse MLP and Energy Logistics … Read more on this. NextEra Energy, Inc. (NEE) , currently valued at $57.44B, began trading this morning at $124.90. Looking at today’s market, NEE one day range is $123.21 to $125.10 and has traded between $93.74 and $125.23 over the past year. NEE shares are currently priced at 20.28x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 15.26x forward p/e ratio. The company pays shareholders $3.48 per share annually in dividends, yielding 2.78%. In a review of the consensus earnings estimate this quarter, 9 sell-side analysts are looking at $1.53 per share, which would be $0.03 worse than the year-ago quarter and a $0.06 sequential decrease. The full-year EPS estimate is $6.17 which would be a $0.46 improvement than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $4.33 Billion. If realized, that would be a 0.69% 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 by the analysts covering it is $128.93, which is 3.23% above where the stock opened. 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 board declares quarterly dividend