NextEra Energy (NEE) reported stronger-than-expected Q2 EPS topping estimates driven by robust performance across all segments. Shares of the electric utility giant gained 1.4% on July 23 to close at $77.20. The company reported adjusted earnings of $0.71 per share, beating analysts’ expectations of $0.68 per share. However, revenues of $3.93 billion lagged the consensus estimate of $4.97 billion. The company reported earnings of $0.65 per share in the prior-year period. Management declared a 15% annualized increase in its quarterly distribution to $0.6625 per common unit. This implies an annual dividend of $2.65 per common unit.
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NextEra Energy (NYSE:NEE)
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