Q2 2017 Earnings Estimate for NextEra Energy, Inc. Issued By KeyCorp (NEE)
NextEra Energy, Inc. (NYSE:NEE) – Research analysts at KeyCorp issued their Q2 2017 earnings estimates for NextEra Energy in a research note issued on Monday. KeyCorp analyst P. Ridzon forecasts that the utilities provider will earn $1.75 per share for the quarter. KeyCorp also issued estimates for NextEra Energy’s FY2017 earnings at $6.75 EPS and FY2018 earnings at $7.25 EPS.
NEE has been the subject of a number of other research reports. Deutsche Bank AG reiterated a “hold” rating and issued a $128.00 price target (down previously from $129.00) on shares of NextEra Energy in a research note on Sunday, April 2nd. Zacks Investment Research cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 3rd. Mizuho increased their price target on shares of NextEra Energy from $138.00 to $141.00 and gave the company a “buy” rating in a research note on Monday, March 20th. BMO Capital Markets reiterated a “buy” rating and issued a $135.00 price target on shares of NextEra Energy in a research note on Friday, March 31st. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $143.00 price target on shares of NextEra Energy in a research note on Tuesday, March 14th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $145.80.
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NextEra Energy (NYSE:NEE) opened at 142.27 on Wednesday. The company has a market cap of $66.61 billion, a P/E ratio of 17.31 and a beta of 0.33. The company has a 50-day moving average of $138.71 and a 200 day moving average of $128.81. NextEra Energy has a one year low of $110.49 and a one year high of $144.35.
NextEra Energy (NYSE:NEE) last announced its earnings results on Friday, April 21st. The utilities provider reported $1.75 EPS for the quarter, topping the consensus estimate of $1.51 by $0.24. The firm had revenue of $3.97 billion for the quarter, compared to the consensus estimate of $3.99 billion. NextEra Energy had a net margin of 23.58% and a return on equity of 11.82%. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.55 EPS.
Several hedge funds have recently bought and sold shares of NEE. BlackRock Inc. boosted its stake in NextEra Energy by 3,384.2% in the first quarter. BlackRock Inc. now owns 37,833,468 shares of the utilities provider’s stock worth $4,856,682,000 after buying an additional 36,747,599 shares in the last quarter. Wellington Management Group LLP boosted its stake in NextEra Energy by 0.8% in the first quarter. Wellington Management Group LLP now owns 19,961,544 shares of the utilities provider’s stock worth $2,562,463,000 after buying an additional 167,275 shares in the last quarter. FMR LLC boosted its stake in NextEra Energy by 0.4% in the first quarter. FMR LLC now owns 7,680,705 shares of the utilities provider’s stock worth $985,973,000 after buying an additional 30,135 shares in the last quarter. Norges Bank bought a new stake in NextEra Energy during the fourth quarter worth about $678,763,000. Finally, Geode Capital Management LLC boosted its stake in NextEra Energy by 7.9% in the first quarter. Geode Capital Management LLC now owns 4,578,611 shares of the utilities provider’s stock worth $586,925,000 after buying an additional 336,562 shares in the last quarter. Institutional investors own 77.90% of the company’s stock.
In other news, Director Eric E. Silagy sold 8,111 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $140.58, for a total transaction of $1,140,244.38. Following the completion of the sale, the director now owns 26,884 shares in the company, valued at approximately $3,779,352.72. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Joseph T. Kelliher sold 8,068 shares of the firm’s stock in a transaction dated Monday, April 17th. The stock was sold at an average price of $130.67, for a total transaction of $1,054,245.56. Following the sale, the executive vice president now owns 38,634 shares of the company’s stock, valued at approximately $5,048,304.78. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 74,179 shares of company stock valued at $10,091,188. 0.53% of the stock is currently owned by corporate insiders.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Tuesday, May 30th were paid a dividend of $0.9825 per share. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date was Thursday, May 25th. NextEra Energy’s dividend payout ratio is presently 47.87%.
About NextEra Energy
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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