Topic: How To Invest

Q: Pat: Can you take a quick look at NextEra Energy (NEE) for me? Thank you.

Article Excerpt

A: NextEra Energy Inc., $147.90, symbol NEE on New York (Shares outstanding: 468.2 million; Market cap: $69.4 billion; www.nexteraenergy.com), (formerly FPL Group, Inc.) is a holding company for Florida Power & Light Company (FPL), which provides electricity to 4.9 million customers in a 27,650-square-mile area in eastern and southern Florida. The company’s NextEra Energy Resources is a non-regulated power generator with nuclear, gas and wind plants. In the three months ended June 30, 2017, NextEra’s revenue rose 15.4%, to $4.40 billion from $3.82 billion. Excluding one-time items, earnings climbed 13.3%, to $881.0 million, or $1.86 a share, from $777.0 million, or $1.67 a share. Both the utility and non-utility sides of the company’s business are expanding. Florida Power & Light benefitted from rate increases from its regulators. The utility’s rates were raised by $400 million at the start of this year. In 2018, FPL will receive a further $211 million rate hike. It has also seen strong customer growth and is now constructing…