NextEra Energy, Inc. (NEE) to Release Quarterly Earnings on Monday
NextEra Energy, Inc. (NYSE:NEE) will be issuing its quarterly earnings data before the market opens on Monday, October 30th. Analysts expect the company to announce earnings of $1.80 per share for the quarter. NextEra Energy has set its FY17 guidance at $6.35-6.85 EPS and its FY18 guidance at $6.80-7.30 EPS.
NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 EPS for the quarter, topping the Zacks’ consensus estimate of $1.76 by $0.10. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The firm had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.44 billion. During the same period in the previous year, the business posted $1.67 earnings per share. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. On average, analysts expect NextEra Energy to post $6.76 EPS for the current fiscal year and $7.24 EPS for the next fiscal year.
NextEra Energy, Inc. (NEE) opened at 154.16 on Monday. The firm’s 50-day moving average is $149.01 and its 200-day moving average is $142.61. NextEra Energy, Inc. has a 52-week low of $110.49 and a 52-week high of $154.24. The company has a market capitalization of $72.34 billion, a PE ratio of 17.66 and a beta of 0.31.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be paid a $0.9825 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $3.93 dividend on an annualized basis and a yield of 2.55%. NextEra Energy’s dividend payout ratio (DPR) is presently 45.02%.
NEE has been the subject of a number of recent analyst reports. KeyCorp restated a “buy” rating and issued a $155.00 price objective on shares of NextEra Energy in a research note on Friday, September 1st. Morgan Stanley increased their price target on NextEra Energy from $167.00 to $169.00 and gave the stock an “overweight” rating in a research note on Friday, September 8th. Goldman Sachs Group, Inc. (The) initiated coverage on NextEra Energy in a research note on Monday, July 24th. They set a “buy” rating and a $160.00 price target for the company. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $165.00 price target for the company in a research note on Tuesday, October 10th. Finally, J P Morgan Chase & Co initiated coverage on NextEra Energy in a research note on Thursday, September 7th. They set an “overweight” rating and a $173.00 price target for the company. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. NextEra Energy presently has an average rating of “Buy” and a consensus price target of $153.75.
In other NextEra Energy news, Director James L. Robo sold 30,000 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $147.05, for a total value of $4,411,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Charles E. Sieving sold 30,485 shares of the firm’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $146.56, for a total value of $4,467,881.60. Following the completion of the transaction, the executive vice president now owns 78,167 shares of the company’s stock, valued at approximately $11,456,155.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 65,385 shares of company stock valued at $9,614,382. 0.53% of the stock is owned by corporate insiders.
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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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