NextEra Energy, Inc. (NYSE:NEE) – Stock analysts at KeyCorp issued their Q1 2021 earnings per share (EPS) estimates for shares of NextEra Energy in a research report issued to clients and investors on Tuesday, January 12th. KeyCorp analyst S. Karp expects that the utilities provider will post earnings of $0.60 per share for the quarter. KeyCorp also issued estimates for NextEra Energy’s Q2 2021 earnings at $0.71 EPS, Q3 2021 earnings at $0.69 EPS and Q4 2021 earnings at $0.48 EPS.
A number of other equities research analysts also recently weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of NextEra Energy from $72.25 to $74.25 and gave the company an “overweight” rating in a research note on Tuesday, September 22nd. Seaport Global Securities started coverage on shares of NextEra Energy in a research report on Tuesday, September 22nd. They set a “buy” rating and a $57.25 price objective on the stock. Credit Suisse Group raised their price objective on shares of NextEra Energy from $76.00 to $77.00 and gave the company a “neutral” rating in a research report on Wednesday, January 6th. ValuEngine cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, December 1st. Finally, Mizuho raised their price objective on shares of NextEra Energy from $64.00 to $90.00 and gave the company a “buy” rating in a research report on Monday. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. NextEra Energy currently has an average rating of “Buy” and an average price target of $73.08.
NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, October 21st. The utilities provider reported $0.66 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.02). The company had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $5.31 billion. NextEra Energy had a net margin of 21.44% and a return on equity of 10.79%. The firm’s quarterly revenue was down 14.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.60 EPS.
Several hedge funds have recently added to or reduced their stakes in NEE. Huntington National Bank raised its holdings in shares of NextEra Energy by 290.6% in the fourth quarter. Huntington National Bank now owns 1,492,451 shares of the utilities provider’s stock valued at $115,143,000 after acquiring an additional 1,110,348 shares in the last quarter. Donaldson Capital Management LLC grew its stake in NextEra Energy by 300.1% in the fourth quarter. Donaldson Capital Management LLC now owns 711,400 shares of the utilities provider’s stock valued at $54,885,000 after purchasing an additional 533,616 shares during the last quarter. Park National Corp OH grew its stake in NextEra Energy by 550.5% in the fourth quarter. Park National Corp OH now owns 349,142 shares of the utilities provider’s stock valued at $26,936,000 after purchasing an additional 295,468 shares during the last quarter. Tandem Investment Advisors Inc. grew its stake in NextEra Energy by 366.8% in the fourth quarter. Tandem Investment Advisors Inc. now owns 358,681 shares of the utilities provider’s stock valued at $27,672,000 after purchasing an additional 281,835 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its stake in shares of NextEra Energy by 286.6% during the fourth quarter. State of Alaska Department of Revenue now owns 373,709 shares of the utilities provider’s stock worth $28,831,000 after acquiring an additional 277,053 shares during the last quarter. Hedge funds and other institutional investors own 17.93% of the company’s stock.
In related news, EVP Charles E. Sieving sold 121,096 shares of NextEra Energy stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $74.96, for a total value of $9,077,356.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John W. Ketchum sold 4,000 shares of NextEra Energy stock in a transaction dated Tuesday, December 22nd. The shares were sold at an average price of $74.44, for a total value of $297,760.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 336,188 shares of company stock worth $24,990,497. Insiders own 0.40% of the company’s stock.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 15th. Stockholders of record on Friday, November 27th were paid a dividend of $1.40 per share. The ex-dividend date of this dividend was Wednesday, November 25th. This represents a $5.60 dividend on an annualized basis and a dividend yield of 6.84%. NextEra Energy’s dividend payout ratio is 66.99%.
About NextEra Energy
NextEra Energy, Inc, through its subsidiaries, generates, transmits, and distributes electric power in North America. The company generates electricity through wind, solar, nuclear, coal, oil, and natural gas facilities. It also develops, constructs, and operates long-term contracted assets with a focus on renewable generation facilities, natural gas pipelines, and battery storage projects; and owns, develops, constructs, manages, and operates electric generation facilities in wholesale energy markets.
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