Zacks: Brokerages Expect NextEra Energy Inc (NEE) to Post $1.74 Earnings Per Share
Analysts forecast that NextEra Energy Inc (NYSE:NEE) will announce earnings of $1.74 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for NextEra Energy’s earnings, with estimates ranging from $1.67 to $1.82. NextEra Energy reported earnings per share of $1.67 in the same quarter last year, which suggests a positive year-over-year growth rate of 4.2%. The business is scheduled to announce its next quarterly earnings results on Wednesday, July 26th.
On average, analysts expect that NextEra Energy will report full year earnings of $6.64 per share for the current year, with EPS estimates ranging from $6.60 to $6.70. For the next fiscal year, analysts forecast that the company will report earnings of $7.11 per share, with EPS estimates ranging from $7.05 to $7.19. Zacks’ EPS averages are a mean average based on a survey of research firms that cover NextEra Energy.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Friday, April 21st. The utilities provider reported $1.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.51 by $0.24. NextEra Energy had a return on equity of 11.74% and a net margin of 17.92%. The firm had revenue of $3.97 billion for the quarter, compared to analyst estimates of $3.99 billion. During the same period in the previous year, the firm earned $1.55 earnings per share. The company’s revenue was up 3.6% compared to the same quarter last year.
A number of equities research analysts have recently weighed in on NEE shares. Deutsche Bank AG upgraded NextEra Energy from a “hold” rating to a “buy” rating in a research report on Monday, January 30th. Royal Bank of Canada restated a “buy” rating and issued a $143.00 target price on shares of NextEra Energy in a research note on Tuesday, February 7th. Barclays PLC restated a “buy” rating and issued a $139.00 target price on shares of NextEra Energy in a research note on Sunday, February 19th. Mizuho raised their target price on NextEra Energy from $138.00 to $141.00 and gave the company a “buy” rating in a research note on Monday, March 20th. Finally, BMO Capital Markets restated a “buy” rating and issued a $135.00 target price on shares of NextEra Energy in a research note on Friday, March 31st. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $141.30.
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Shares of NextEra Energy (NYSE:NEE) traded up 0.39% during trading on Thursday, hitting $139.71. The stock had a trading volume of 137,862 shares. The firm has a 50 day moving average price of $133.59 and a 200-day moving average price of $125.35. NextEra Energy has a 52 week low of $110.49 and a 52 week high of $140.43. The stock has a market capitalization of $65.41 billion, a price-to-earnings ratio of 17.00 and a beta of 0.23.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Tuesday, May 30th will be paid a dividend of $0.9825 per share. This represents a $3.93 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Thursday, May 25th. NextEra Energy’s payout ratio is 56.04%.
In other NextEra Energy news, Director James L. Robo sold 52,320 shares of NextEra Energy stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $136.48, for a total transaction of $7,140,633.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 5,680 shares of NextEra Energy stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $133.11, for a total value of $756,064.80. Following the transaction, the chief executive officer now owns 79,586 shares of the company’s stock, valued at approximately $10,593,692.46. The disclosure for this sale can be found here. Insiders have sold 94,200 shares of company stock valued at $12,633,902 in the last quarter. 0.66% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in shares of NextEra Energy by 8.9% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock worth $112,000 after buying an additional 71 shares during the last quarter. Flow Traders U.S. LLC bought a new position in shares of NextEra Energy during the third quarter worth about $129,000. Pacific Center for Financial Services bought a new position in shares of NextEra Energy during the fourth quarter worth about $136,000. Woodmont Investment Counsel LLC bought a new position in shares of NextEra Energy during the third quarter worth about $138,000. Finally, Norway Savings Bank bought a new position in shares of NextEra Energy during the fourth quarter worth about $158,000. Institutional investors and hedge funds own 73.69% of the company’s stock.
NextEra Energy Company Profile
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.
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