NextEra Energy (NYSE:NEE) Issues Quarterly Earnings Results

NextEra Energy (NYSE:NEE) posted its earnings results on Tuesday. The utilities provider reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01, Zacks reports. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.During the same quarter last year, the firm posted $0.53 earnings per share. The firm’s revenue was up 20.7% compared to the same quarter last year.

NextEra Energy Stock Performance

NYSE NEE opened at $85.42 on Tuesday. NextEra Energy has a 52-week low of $61.72 and a 52-week high of $87.53. The company has a fifty day moving average of $82.24 and a 200-day moving average of $78.72. The company has a market capitalization of $177.90 billion, a P/E ratio of 27.20, a P/E/G ratio of 2.63 and a beta of 0.74. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55.

Insiders Place Their Bets

In other NextEra Energy news, EVP Ronald R. Reagan sold 10,826 shares of the firm’s stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $85.00, for a total transaction of $920,210.00. Following the sale, the executive vice president owned 15,643 shares in the company, valued at $1,329,655. This trade represents a 40.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of NextEra Energy stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $83.91, for a total value of $12,178,697.40. Following the sale, the chief executive officer directly owned 162,693 shares of the company’s stock, valued at approximately $13,651,569.63. This trade represents a 47.15% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.18% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Strive Asset Management LLC purchased a new position in shares of NextEra Energy during the third quarter worth approximately $29,000. Wiser Advisor Group LLC bought a new position in shares of NextEra Energy during the 3rd quarter valued at $66,000. Darwin Wealth Management LLC purchased a new position in NextEra Energy in the 2nd quarter worth $68,000. WFA of San Diego LLC purchased a new position in NextEra Energy in the 2nd quarter worth $96,000. Finally, Triumph Capital Management bought a new stake in NextEra Energy in the third quarter worth $111,000. 78.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NEE has been the subject of a number of analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of NextEra Energy in a research report on Monday, December 29th. Evercore ISI reissued an “outperform” rating and issued a $93.00 price target on shares of NextEra Energy in a report on Tuesday, October 28th. Citigroup restated a “buy” rating and set a $96.00 price target (up from $84.00) on shares of NextEra Energy in a research report on Wednesday, October 29th. Jefferies Financial Group set a $87.00 price objective on NextEra Energy in a research report on Wednesday, January 14th. Finally, Argus set a $90.00 price objective on NextEra Energy in a research note on Wednesday, October 29th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus price target of $91.94.

NextEra Energy Company Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.