NextEra Energy Inc (NEE) Expected to Announce Earnings of $1.74 Per Share

Wall Street analysts expect NextEra Energy Inc (NYSE:NEE) to announce $1.74 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for NextEra Energy’s earnings, with estimates ranging from $1.66 to $1.79. NextEra Energy reported earnings per share of $1.75 in the same quarter last year, which would suggest a negative year-over-year growth rate of 0.6%. The company is scheduled to announce its next quarterly earnings report on Friday, April 20th.

On average, analysts expect that NextEra Energy will report full year earnings of $7.73 per share for the current year, with EPS estimates ranging from $7.63 to $7.85. For the next fiscal year, analysts anticipate that the firm will report earnings of $8.30 per share, with EPS estimates ranging from $8.20 to $8.40. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover NextEra Energy.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Friday, January 26th. The utilities provider reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.06). NextEra Energy had a return on equity of 11.50% and a net margin of 31.28%. The business had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.18 billion. During the same period in the prior year, the firm earned $1.21 EPS. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year.

Several analysts recently weighed in on the stock. Zacks Investment Research cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Morgan Stanley reduced their price objective on shares of NextEra Energy from $172.00 to $165.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 13th. Argus reissued a “buy” rating and issued a $173.00 price objective on shares of NextEra Energy in a research note on Tuesday, December 5th. They noted that the move was a valuation call. UBS Group assumed coverage on shares of NextEra Energy in a research note on Friday, February 2nd. They issued a “buy” rating and a $177.00 price objective on the stock. Finally, Guggenheim reissued a “buy” rating and issued a $182.00 price objective on shares of NextEra Energy in a research note on Friday, January 26th. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $161.56.

In other news, CEO Armando Pimentel, Jr. sold 42,372 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $157.45, for a total transaction of $6,671,471.40. Following the transaction, the chief executive officer now owns 121,958 shares in the company, valued at $19,202,287.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Armando Pimentel, Jr. sold 9,250 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $151.83, for a total transaction of $1,404,427.50. The disclosure for this sale can be found here. Insiders have sold 54,466 shares of company stock worth $8,515,780 in the last ninety days. Insiders own 0.53% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in NEE. Taylor Hoffman Wealth Management acquired a new stake in shares of NextEra Energy in the 4th quarter worth about $106,000. D Orazio & Associates Inc. acquired a new stake in shares of NextEra Energy in the 4th quarter worth about $113,000. Risk Paradigm Group LLC raised its holdings in shares of NextEra Energy by 108.1% in the 3rd quarter. Risk Paradigm Group LLC now owns 851 shares of the utilities provider’s stock worth $125,000 after acquiring an additional 442 shares during the last quarter. Archford Capital Strategies LLC raised its holdings in shares of NextEra Energy by 76.9% in the 2nd quarter. Archford Capital Strategies LLC now owns 10,000 shares of the utilities provider’s stock worth $128,000 after acquiring an additional 4,347 shares during the last quarter. Finally, Cerebellum GP LLC acquired a new stake in shares of NextEra Energy in the 4th quarter worth about $128,000. Hedge funds and other institutional investors own 75.50% of the company’s stock.

Shares of NextEra Energy (NYSE:NEE) traded up $4.00 during trading on Tuesday, hitting $156.31. 781,025 shares of the company traded hands, compared to its average volume of 2,234,793. The company has a current ratio of 0.64, a quick ratio of 0.52 and a debt-to-equity ratio of 1.07. NextEra Energy has a one year low of $127.09 and a one year high of $159.64. The company has a market capitalization of $72,440.00, a PE ratio of 21.02, a price-to-earnings-growth ratio of 2.49 and a beta of 0.28.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Tuesday, February 27th will be given a dividend of $1.11 per share. The ex-dividend date is Monday, February 26th. This represents a $4.44 dividend on an annualized basis and a yield of 2.84%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.98. NextEra Energy’s dividend payout ratio is 53.69%.

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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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