NextEra Energy FY2027 EPS Estimate Cut by Erste Group Bank

NextEra Energy, Inc. (NYSE:NEE) – Equities research analysts at Erste Group Bank dropped their FY2027 earnings per share estimates for shares of NextEra Energy in a research note issued on Tuesday, March 24th. Erste Group Bank analyst S. Lingnau now forecasts that the utilities provider will post earnings of $4.37 per share for the year, down from their previous forecast of $4.38. Erste Group Bank has a “Buy” rating on the stock. The consensus estimate for NextEra Energy’s current full-year earnings is $3.68 per share.

Several other research analysts have also weighed in on the stock. BMO Capital Markets set a $95.00 price objective on shares of NextEra Energy in a report on Thursday, January 29th. Argus set a $92.00 target price on shares of NextEra Energy and gave the company a “buy” rating in a research note on Wednesday, January 28th. BTIG Research reaffirmed a “buy” rating and set a $103.00 price target on shares of NextEra Energy in a research report on Wednesday, January 28th. HSBC lifted their price target on NextEra Energy from $96.00 to $103.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Finally, Wolfe Research boosted their price objective on NextEra Energy from $87.00 to $94.00 and gave the company an “outperform” rating in a report on Monday, December 1st. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $94.44.

NextEra Energy Stock Up 0.3%

Shares of NYSE:NEE opened at $91.44 on Thursday. The firm has a market cap of $190.53 billion, a PE ratio of 27.79 and a beta of 0.76. The company has a fifty day simple moving average of $90.49 and a 200 day simple moving average of $84.17. The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. NextEra Energy has a 12-month low of $61.72 and a 12-month high of $95.91.

NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The company had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $7.07 billion. During the same period in the prior year, the business posted $0.53 EPS. The business’s revenue was up 20.7% on a year-over-year basis.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were paid a dividend of $0.6232 per share. The ex-dividend date was Friday, February 27th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.57. This represents a $2.49 annualized dividend and a yield of 2.7%. NextEra Energy’s payout ratio is presently 75.68%.

Insider Activity at NextEra Energy

In related news, EVP Charles E. Sieving sold 30,000 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total transaction of $2,700,000.00. Following the completion of the sale, the executive vice president owned 167,481 shares of the company’s stock, valued at $15,073,290. This represents a 15.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Nicole J. Daggs sold 4,934 shares of the stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $93.00, for a total transaction of $458,862.00. Following the sale, the executive vice president owned 16,905 shares in the company, valued at approximately $1,572,165. This trade represents a 22.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 190,816 shares of company stock valued at $17,075,619 in the last ninety days. 0.20% of the stock is owned by insiders.

Hedge Funds Weigh In On NextEra Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Goodman Advisory Group LLC bought a new stake in shares of NextEra Energy in the 2nd quarter worth approximately $25,000. Tripletail Wealth Management LLC acquired a new position in NextEra Energy during the 3rd quarter valued at approximately $25,000. Laurel Wealth Advisors LLC bought a new position in NextEra Energy during the 4th quarter worth $25,000. Anfield Capital Management LLC grew its stake in NextEra Energy by 692.3% during the 4th quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock worth $25,000 after buying an additional 270 shares during the last quarter. Finally, Wealth Watch Advisors INC increased its position in NextEra Energy by 223.8% in the fourth quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock worth $26,000 after buying an additional 226 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Company Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.