Wall Street analysts expect that NextEra Energy Inc (NYSE:NEE) will announce earnings of $1.74 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for NextEra Energy’s earnings, with the highest EPS estimate coming in at $1.79 and the lowest estimate coming in at $1.66. NextEra Energy reported earnings of $1.75 per share during the same quarter last year, which indicates a negative year over year growth rate of 0.6%. The business is scheduled to announce its next earnings results on Friday, April 20th.
On average, analysts expect that NextEra Energy will report full-year earnings of $7.68 per share for the current financial year, with EPS estimates ranging from $7.31 to $7.85. For the next financial year, analysts forecast that the company will report earnings of $8.30 per share, with EPS estimates ranging from $8.20 to $8.40. Zacks’ EPS averages are an average based on a survey of analysts that cover NextEra Energy.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Friday, January 26th. The utilities provider reported $1.25 EPS for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.06). NextEra Energy had a return on equity of 11.50% and a net margin of 31.28%. The firm had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same period in the prior year, the firm posted $1.21 EPS. The business’s revenue was up 8.4% compared to the same quarter last year.
A number of analysts have commented on the company. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Morgan Stanley lowered their price target on NextEra Energy from $172.00 to $165.00 and set an “overweight” rating for the company in a research report on Tuesday, February 13th. Argus reissued a “buy” rating and issued a $173.00 price objective on shares of NextEra Energy in a report on Tuesday, December 5th. They noted that the move was a valuation call. Guggenheim reissued a “buy” rating and issued a $182.00 price objective on shares of NextEra Energy in a report on Friday, January 26th. Finally, UBS Group began coverage on NextEra Energy in a report on Friday, February 2nd. They issued a “buy” rating and a $177.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. NextEra Energy has a consensus rating of “Buy” and an average price target of $161.38.
Shares of NextEra Energy (NEE) opened at $156.05 on Tuesday. NextEra Energy has a 52-week low of $125.96 and a 52-week high of $159.64. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.52 and a current ratio of 0.64. The company has a market capitalization of $73,467.40, a PE ratio of 13.70, a price-to-earnings-growth ratio of 2.58 and a beta of 0.28.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Tuesday, February 27th will be paid a $1.11 dividend. This represents a $4.44 annualized dividend and a dividend yield of 2.85%. The ex-dividend date is Monday, February 26th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.98. NextEra Energy’s payout ratio is currently 34.50%.
In related news, CEO Armando Pimentel, Jr. sold 42,372 shares of NextEra Energy stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $157.45, for a total value of $6,671,471.40. Following the completion of the transaction, the chief executive officer now owns 121,958 shares in the company, valued at approximately $19,202,287.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Armando Pimentel, Jr. sold 9,250 shares of NextEra Energy stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $151.83, for a total value of $1,404,427.50. The disclosure for this sale can be found here. 0.53% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in NEE. Janus Henderson Group PLC increased its stake in shares of NextEra Energy by 2,832.8% in the 2nd quarter. Janus Henderson Group PLC now owns 1,800,376 shares of the utilities provider’s stock valued at $252,287,000 after purchasing an additional 1,738,989 shares in the last quarter. Vanguard Group Inc. grew its position in shares of NextEra Energy by 4.6% in the second quarter. Vanguard Group Inc. now owns 34,147,719 shares of the utilities provider’s stock valued at $4,785,120,000 after purchasing an additional 1,503,907 shares in the last quarter. Millennium Management LLC grew its position in shares of NextEra Energy by 243.4% in the fourth quarter. Millennium Management LLC now owns 1,465,988 shares of the utilities provider’s stock valued at $228,973,000 after purchasing an additional 1,039,072 shares in the last quarter. Standard Life Aberdeen plc grew its position in shares of NextEra Energy by 104.7% in the fourth quarter. Standard Life Aberdeen plc now owns 1,666,351 shares of the utilities provider’s stock valued at $260,326,000 after purchasing an additional 852,434 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in shares of NextEra Energy by 26.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,724,367 shares of the utilities provider’s stock valued at $548,102,000 after purchasing an additional 777,351 shares in the last quarter. Hedge funds and other institutional investors own 75.50% of the company’s stock.
NextEra Energy Company Profile
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.
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