NextEra Energy (
) will be presenting at an investment conference Tuesday with the
happy coincidence that its stock trades just below an all-time
Moray Dewhurst, vice chairman and chief financial officer, is
scheduled to speak at the Credit Suisse Energy Summit at noon
Mountain Time. The conference is in Vail, Colo.
NextEra Energy operates through its two principal
subsidiaries, Florida Power & Light and NextEra Energy
Florida Power & Light sells electricity to 4.6 million
customers in Florida, making it the third largest regulated
electric utility in the U.S. NextEra Energy Resources produces
wholesale electricity from clean sources, such as natural gas,
solar, wind and nuclear.
It has a generating capacity of 42,500 megawatts. Nearly 60%
of its electricity comes from natural gas and 22% comes from
nuclear through plants in Iowa, New Hampshire and Wisconsin.
Fifteen percent comes from wind, but only 0.3% comes from
First Solar (
) plans to build a 250-megawatt solar power plant on 2,300 acres
of mostly public land in Riverside County, Calif., for NextEra.
Construction is scheduled to begin later this year and to be
completed by 2016.
NextEra's stock had a positive reaction to the company's
latest earnings report Jan. 28. Earnings dropped 8%. The company
beat on revenue, but missed on earnings.
But the stock rose 2.2% that day as it broke out of a cup
base. It's 2% above an 89.37 early buy point.
Like most utilities, it's a slow but steady grower. Analysts
are forecasting 7% growth this year and 6% next. The five-year
annualized growth rate is 5%. The five-year Earnings Stability
Factor is 2 on a 0 to 99 scale where low numbers correspond to
The quarterly dividend is 66 cents a share, up from 54 cents
in 2000. That works out to a yield of 2.9%