Brokerages predict that NextEra Energy Inc (NYSE:NEE) will post $1.55 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for NextEra Energy’s earnings. The highest EPS estimate is $1.61 and the lowest is $1.47. NextEra Energy reported earnings of $1.25 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 24%. The business is expected to report its next earnings results on Friday, January 25th.
According to Zacks, analysts expect that NextEra Energy will report full-year earnings of $7.78 per share for the current financial year, with EPS estimates ranging from $7.70 to $7.85. For the next fiscal year, analysts anticipate that the business will report earnings of $8.36 per share, with EPS estimates ranging from $8.25 to $8.44. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for NextEra Energy.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Tuesday, October 23rd. The utilities provider reported $2.18 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.03. NextEra Energy had a net margin of 51.25% and a return on equity of 10.21%. The firm had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $4.92 billion. During the same quarter in the prior year, the company earned $1.85 EPS. The company’s revenue was down 8.1% compared to the same quarter last year.
Several equities research analysts have recently weighed in on NEE shares. Credit Suisse Group lowered their price target on shares of NextEra Energy from $185.00 to $173.00 and set an “outperform” rating for the company in a research report on Wednesday, October 24th. Zacks Investment Research cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. Mizuho started coverage on shares of NextEra Energy in a research report on Monday, August 13th. They issued a “buy” rating and a $184.00 price target for the company. Scotiabank assumed coverage on shares of NextEra Energy in a research report on Tuesday, July 24th. They issued a “hold” rating and a $70.00 price target for the company. Finally, Argus increased their target price on shares of NextEra Energy from $184.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, October 31st. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $174.62.
Shares of NEE traded up $1.21 during mid-day trading on Monday, hitting $180.39. The company’s stock had a trading volume of 1,986,966 shares, compared to its average volume of 2,004,934. NextEra Energy has a 52-week low of $145.10 and a 52-week high of $180.60. The stock has a market capitalization of $84.51 billion, a PE ratio of 26.92, a PEG ratio of 2.72 and a beta of 0.13. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.57 and a current ratio of 0.65.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 30th will be given a dividend of $1.11 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $4.44 dividend on an annualized basis and a yield of 2.46%. NextEra Energy’s payout ratio is 66.27%.
In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 4,920 shares of the company’s stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $170.11, for a total transaction of $836,941.20. Following the transaction, the chief executive officer now owns 59,969 shares in the company, valued at approximately $10,201,326.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Treasurer Paul I. Cutler sold 11,016 shares of the company’s stock in a transaction that occurred on Wednesday, October 10th. The shares were sold at an average price of $175.08, for a total transaction of $1,928,681.28. Following the transaction, the treasurer now owns 102,291 shares in the company, valued at approximately $17,909,108.28. The disclosure for this sale can be found here. Insiders have sold 68,210 shares of company stock valued at $11,744,017 in the last three months. 0.55% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of NEE. Capital International Investors acquired a new position in NextEra Energy during the 3rd quarter valued at approximately $142,633,000. BlackRock Inc. increased its stake in NextEra Energy by 1.9% during the 3rd quarter. BlackRock Inc. now owns 36,765,396 shares of the utilities provider’s stock valued at $6,161,880,000 after purchasing an additional 692,998 shares in the last quarter. Zimmer Partners LP increased its stake in shares of NextEra Energy by 753.8% in the third quarter. Zimmer Partners LP now owns 623,239 shares of the utilities provider’s stock worth $104,455,000 after acquiring an additional 550,239 shares during the period. Bank of New York Mellon Corp increased its stake in shares of NextEra Energy by 12.2% in the second quarter. Bank of New York Mellon Corp now owns 4,180,979 shares of the utilities provider’s stock worth $698,348,000 after acquiring an additional 455,401 shares during the period. Finally, Cornerstone Wealth Management LLC increased its stake in shares of NextEra Energy by 16,614.8% in the second quarter. Cornerstone Wealth Management LLC now owns 379,593 shares of the utilities provider’s stock worth $2,246,000 after acquiring an additional 377,322 shares during the period. Institutional investors and hedge funds own 75.59% of the company’s stock.
About NextEra Energy
NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
Featured Story: How to calculate compound interest
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.