NextEra Energy Inc. (NEE) Expected to Post Q3 2016 Earnings of $1.64 Per Share
NextEra Energy Inc. (NYSE:NEE) – Analysts at KeyCorp issued their Q3 2016 EPS estimates for NextEra Energy in a research report issued on Monday. KeyCorp analyst P. Ridzon anticipates that the brokerage will post earnings of $1.64 per share for the quarter. KeyCorp has a “Outperform” rating and a $134.00 price objective on the stock.
Other research analysts also recently issued reports about the company. Mizuho restated a “buy” rating and set a $138.00 target price on shares of NextEra Energy in a research note on Tuesday, August 30th. Morgan Stanley restated a “buy” rating on shares of NextEra Energy in a research note on Monday, August 1st. Deutsche Bank AG dropped their target price on NextEra Energy from $134.00 to $133.00 and set a “buy” rating on the stock in a research note on Thursday, July 28th. BMO Capital Markets restated a “buy” rating and set a $135.00 target price on shares of NextEra Energy in a research note on Thursday, July 28th. Finally, Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a research note on Tuesday, July 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $129.26.
Shares of NextEra Energy (NYSE:NEE) traded down 0.33% during mid-day trading on Wednesday, reaching $124.70. The company’s stock had a trading volume of 624,522 shares. NextEra Energy has a 12-month low of $96.19 and a 12-month high of $131.98. The firm’s 50-day moving average price is $123.34 and its 200 day moving average price is $122.99. The firm has a market cap of $57.61 billion, a P/E ratio of 22.32 and a beta of 0.28.
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NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.10. The business earned $3.82 billion during the quarter, compared to analysts’ expectations of $4.33 billion. NextEra Energy had a return on equity of 11.82% and a net margin of 15.36%. The business’s quarterly revenue was down 12.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.56 earnings per share.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Friday, November 25th will be issued a $0.87 dividend. The ex-dividend date is Tuesday, November 22nd. This represents a $3.48 dividend on an annualized basis and a yield of 2.78%. NextEra Energy’s payout ratio is 62.59%.
In other NextEra Energy news, VP Chris N. Froggatt sold 16,467 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $127.61, for a total transaction of $2,101,353.87. Following the completion of the sale, the vice president now directly owns 22,916 shares in the company, valued at approximately $2,924,310.76. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.66% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the company. Cornerstone Advisors Inc. raised its stake in NextEra Energy by 0.4% in the second quarter. Cornerstone Advisors Inc. now owns 1,627 shares of the company’s stock valued at $212,000 after buying an additional 7 shares during the period. Sequoia Financial Advisors LLC raised its stake in NextEra Energy by 0.7% in the second quarter. Sequoia Financial Advisors LLC now owns 3,013 shares of the company’s stock valued at $393,000 after buying an additional 20 shares during the period. Beacon Investment Advisory Services Inc. raised its stake in NextEra Energy by 0.5% in the second quarter. Beacon Investment Advisory Services Inc. now owns 4,162 shares of the company’s stock valued at $543,000 after buying an additional 22 shares during the period. Cohen Lawrence B raised its stake in NextEra Energy by 0.8% in the second quarter. Cohen Lawrence B now owns 3,002 shares of the company’s stock valued at $391,000 after buying an additional 25 shares during the period. Finally, Dodge & Cox raised its stake in NextEra Energy by 0.3% in the first quarter. Dodge & Cox now owns 11,030 shares of the company’s stock valued at $1,305,000 after buying an additional 30 shares during the period. Institutional investors own 74.49% of the company’s stock.
NextEra Energy Company Profile
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power company in North America with electric generating facilities located in over 30 states in the United States and approximately five provinces in Canada. NEE’s operating segments are FPL, an electric utility, and NEER, an energy business.
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