Wall Street analysts predict that NextEra Energy Inc (NYSE:NEE) will post sales of $4.53 billion for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for NextEra Energy’s earnings, with the lowest sales estimate coming in at $4.28 billion and the highest estimate coming in at $4.79 billion. NextEra Energy posted sales of $4.07 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 11.3%. The firm is scheduled to issue its next earnings results on Wednesday, July 24th.
On average, analysts expect that NextEra Energy will report full year sales of $17.89 billion for the current year, with estimates ranging from $16.62 billion to $19.06 billion. For the next year, analysts forecast that the company will report sales of $18.70 billion, with estimates ranging from $17.02 billion to $20.25 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for NextEra Energy.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $2.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.01 by $0.19. NextEra Energy had a return on equity of 10.26% and a net margin of 17.13%. The firm had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.11 billion. During the same quarter in the previous year, the business earned $1.94 EPS.
Several research firms have commented on NEE. Zacks Investment Research lowered NextEra Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, March 13th. Morgan Stanley boosted their price objective on NextEra Energy from $184.00 to $188.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 12th. Barclays upgraded NextEra Energy from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $187.00 to $207.00 in a research note on Wednesday, March 20th. They noted that the move was a valuation call. Goldman Sachs Group lowered NextEra Energy from a “conviction-buy” rating to a “buy” rating and set a $194.00 price objective for the company. in a research note on Monday, April 8th. Finally, Scotiabank upgraded NextEra Energy from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $187.00 to $202.00 in a research note on Wednesday, May 8th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $203.46.
In other news, Director Rudy E. Schupp sold 1,600 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $191.52, for a total value of $306,432.00. Following the completion of the sale, the director now directly owns 19,210 shares in the company, valued at $3,679,099.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James L. Robo sold 111,864 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $191.27, for a total value of $21,396,227.28. The disclosure for this sale can be found here. Insiders sold 198,339 shares of company stock valued at $38,475,406 over the last 90 days. Company insiders own 0.48% of the company’s stock.
Several hedge funds have recently bought and sold shares of NEE. Oregon Public Employees Retirement Fund grew its position in shares of NextEra Energy by 17,067.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 8,822,408 shares of the utilities provider’s stock valued at $51,000 after purchasing an additional 8,771,018 shares in the last quarter. Norges Bank purchased a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $1,172,014,000. GQG Partners LLC purchased a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $264,629,000. BlackRock Inc. grew its position in shares of NextEra Energy by 2.4% in the fourth quarter. BlackRock Inc. now owns 37,651,697 shares of the utilities provider’s stock valued at $6,544,616,000 after purchasing an additional 886,301 shares in the last quarter. Finally, Vanguard Group Inc grew its position in shares of NextEra Energy by 2.0% in the third quarter. Vanguard Group Inc now owns 41,214,999 shares of the utilities provider’s stock valued at $6,907,634,000 after purchasing an additional 815,916 shares in the last quarter. Institutional investors and hedge funds own 75.90% of the company’s stock.
Shares of NextEra Energy stock traded up $2.45 on Friday, hitting $204.42. The company’s stock had a trading volume of 755,047 shares, compared to its average volume of 2,007,498. The company has a quick ratio of 0.38, a current ratio of 0.46 and a debt-to-equity ratio of 0.79. NextEra Energy has a 1 year low of $155.27 and a 1 year high of $208.47. The firm has a market cap of $97.44 billion, a PE ratio of 26.55, a P/E/G ratio of 3.10 and a beta of 0.26.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a $1.25 dividend. The ex-dividend date is Friday, May 31st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.45%. NextEra Energy’s dividend payout ratio (DPR) is presently 64.94%.
NextEra Energy Company Profile
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.
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