Brokerages Anticipate NextEra Energy Inc (NYSE:NEE) Will Post Earnings of $2.22 Per Share

Equities analysts expect NextEra Energy Inc (NYSE:NEE) to report earnings of $2.22 per share for the current quarter, according to Zacks. Two analysts have made estimates for NextEra Energy’s earnings. The lowest EPS estimate is $2.01 and the highest is $2.34. NextEra Energy reported earnings of $2.18 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 1.8%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, October 22nd.

On average, analysts expect that NextEra Energy will report full year earnings of $8.38 per share for the current year, with EPS estimates ranging from $8.34 to $8.45. For the next year, analysts expect that the business will post earnings of $9.07 per share, with EPS estimates ranging from $8.84 to $9.30. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for NextEra Energy.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $2.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.28 by $0.07. NextEra Energy had a return on equity of 10.46% and a net margin of 18.73%. The business had revenue of $4.97 billion for the quarter, compared to the consensus estimate of $4.68 billion. During the same period last year, the business posted $2.08 EPS. The business’s revenue was up 22.3% compared to the same quarter last year.

Several research analysts recently weighed in on NEE shares. Wells Fargo & Co boosted their target price on NextEra Energy from $200.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. UBS Group boosted their target price on NextEra Energy from $225.00 to $236.00 and gave the stock a “buy” rating in a research note on Friday, June 7th. Credit Suisse Group boosted their target price on NextEra Energy from $231.00 to $232.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Barclays downgraded NextEra Energy from an “overweight” rating to an “equal weight” rating and set a $218.00 target price on the stock. in a research note on Tuesday, August 13th. Finally, Morgan Stanley boosted their target price on NextEra Energy from $207.00 to $234.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 13th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. NextEra Energy has a consensus rating of “Buy” and an average target price of $214.46.

NEE stock traded up $1.05 on Wednesday, hitting $218.58. 419,260 shares of the company’s stock were exchanged, compared to its average volume of 1,678,594. NextEra Energy has a 12-month low of $164.25 and a 12-month high of $219.77. The firm has a 50 day moving average price of $210.13 and a two-hundred day moving average price of $197.29. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.42 and a current ratio of 0.52. The stock has a market cap of $104.04 billion, a P/E ratio of 28.39, a price-to-earnings-growth ratio of 3.24 and a beta of 0.22.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, August 29th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, August 28th. This represents a $5.00 dividend on an annualized basis and a yield of 2.29%. NextEra Energy’s dividend payout ratio is currently 64.94%.

In other NextEra Energy news, EVP Joseph T. Kelliher sold 5,741 shares of NextEra Energy stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $207.26, for a total transaction of $1,189,879.66. Following the completion of the sale, the executive vice president now owns 37,235 shares of the company’s stock, valued at approximately $7,717,326.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James L. Robo sold 15,000 shares of NextEra Energy stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $204.86, for a total value of $3,072,900.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 81,878 shares of company stock valued at $17,312,768. 0.48% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. First Manhattan Co. lifted its position in NextEra Energy by 2.1% during the 1st quarter. First Manhattan Co. now owns 4,510 shares of the utilities provider’s stock worth $872,000 after acquiring an additional 93 shares during the period. Atlantic Trust LLC lifted its holdings in shares of NextEra Energy by 9.8% in the 2nd quarter. Atlantic Trust LLC now owns 12,572 shares of the utilities provider’s stock valued at $2,576,000 after buying an additional 1,123 shares during the period. Great Lakes Advisors LLC lifted its holdings in shares of NextEra Energy by 18.4% in the 1st quarter. Great Lakes Advisors LLC now owns 10,653 shares of the utilities provider’s stock valued at $2,059,000 after buying an additional 1,652 shares during the period. Pictet Asset Management Ltd. lifted its holdings in shares of NextEra Energy by 23.6% in the 1st quarter. Pictet Asset Management Ltd. now owns 2,021,758 shares of the utilities provider’s stock valued at $390,846,000 after buying an additional 385,763 shares during the period. Finally, Wetherby Asset Management Inc. lifted its holdings in shares of NextEra Energy by 14.4% in the 1st quarter. Wetherby Asset Management Inc. now owns 9,052 shares of the utilities provider’s stock valued at $1,750,000 after buying an additional 1,142 shares during the period. 76.24% of the stock is owned by institutional investors.

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.

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