$4.88 Billion in Sales Expected for NextEra Energy Inc (NEE) This Quarter

Analysts expect NextEra Energy Inc (NYSE:NEE) to announce sales of $4.88 billion for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for NextEra Energy’s earnings. The highest sales estimate is $5.28 billion and the lowest is $4.48 billion. NextEra Energy reported sales of $4.81 billion during the same quarter last year, which indicates a positive year over year growth rate of 1.5%. The business is expected to issue its next quarterly earnings report on Thursday, October 25th.

On average, analysts expect that NextEra Energy will report full year sales of $17.43 billion for the current financial year, with estimates ranging from $16.31 billion to $18.17 billion. For the next fiscal year, analysts expect that the firm will post sales of $18.37 billion per share, with estimates ranging from $16.51 billion to $19.51 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for NextEra Energy.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 25th. The utilities provider reported $2.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.05. The company had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $4.51 billion. NextEra Energy had a return on equity of 10.49% and a net margin of 49.10%. NextEra Energy’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.86 EPS.

A number of equities analysts recently weighed in on the company. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $191.00 price target for the company in a report on Wednesday, August 8th. Barclays assumed coverage on NextEra Energy in a report on Tuesday, July 10th. They issued an “equal weight” rating and a $182.00 price target for the company. Howard Weil started coverage on NextEra Energy in a report on Tuesday, July 24th. They issued a “sector perform” rating for the company. Scotiabank started coverage on NextEra Energy in a research note on Tuesday, July 24th. They set a “hold” rating and a $70.00 price objective for the company. Finally, Morgan Stanley cut their price objective on NextEra Energy from $172.00 to $169.00 and set an “overweight” rating for the company in a research note on Wednesday, June 13th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $165.67.

NYSE NEE opened at $170.93 on Monday. The stock has a market capitalization of $80.57 billion, a P/E ratio of 25.51, a price-to-earnings-growth ratio of 2.63 and a beta of 0.24. NextEra Energy has a twelve month low of $144.70 and a twelve month high of $173.06. The company has a quick ratio of 0.46, a current ratio of 0.58 and a debt-to-equity ratio of 0.78.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 17th. Shareholders of record on Thursday, August 30th will be paid a dividend of $1.11 per share. The ex-dividend date is Wednesday, August 29th. This represents a $4.44 annualized dividend and a yield of 2.60%. NextEra Energy’s dividend payout ratio (DPR) is currently 66.27%.

In other NextEra Energy news, Director James L. Robo sold 81,489 shares of the business’s stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $156.81, for a total transaction of $12,778,290.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Armando Pimentel, Jr. sold 8,336 shares of the business’s stock in a transaction that occurred on Thursday, June 14th. The stock was sold at an average price of $157.15, for a total value of $1,310,002.40. Following the sale, the chief executive officer now owns 77,139 shares of the company’s stock, valued at $12,122,393.85. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 118,559 shares of company stock valued at $18,746,892. 0.55% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of NEE. Gables Capital Management Inc. purchased a new stake in shares of NextEra Energy in the first quarter valued at approximately $105,000. Braun Bostich & Associates Inc. grew its position in shares of NextEra Energy by 492.5% in the second quarter. Braun Bostich & Associates Inc. now owns 865 shares of the utilities provider’s stock valued at $144,000 after purchasing an additional 719 shares in the last quarter. Centersquare Investment Management LLC purchased a new stake in shares of NextEra Energy in the first quarter valued at approximately $150,000. Stelac Advisory Services LLC purchased a new stake in shares of NextEra Energy in the first quarter valued at approximately $151,000. Finally, Howe & Rusling Inc. grew its position in shares of NextEra Energy by 70.5% in the second quarter. Howe & Rusling Inc. now owns 902 shares of the utilities provider’s stock valued at $151,000 after purchasing an additional 373 shares in the last quarter. Institutional investors own 75.78% of the company’s stock.

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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