Brokerages expect NextEra Energy (NYSE:NEE) to report sales of $4.50 billion for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for NextEra Energy’s earnings. The highest sales estimate is $4.84 billion and the lowest is $4.17 billion. NextEra Energy posted sales of $4.40 billion during the same quarter last year, which suggests a positive year over year growth rate of 2.3%. The company is scheduled to report its next quarterly earnings results on Wednesday, July 25th.
On average, analysts expect that NextEra Energy will report full-year sales of $17.64 billion for the current fiscal year, with estimates ranging from $16.41 billion to $18.73 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $18.47 billion per share, with estimates ranging from $16.55 billion to $19.74 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow NextEra Energy.
NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Tuesday, April 24th. The utilities provider reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.16. The company had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $4.15 billion. NextEra Energy had a return on equity of 10.91% and a net margin of 48.13%. The firm’s revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.75 EPS.
NEE has been the subject of several recent analyst reports. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $182.00 price target for the company in a research note on Wednesday, April 4th. ValuEngine upgraded NextEra Energy from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. UBS initiated coverage on NextEra Energy in a research note on Friday, February 2nd. They set a “buy” rating and a $177.00 price target for the company. Guggenheim reiterated a “buy” rating and set a $182.00 price target on shares of NextEra Energy in a research note on Friday, January 26th. Finally, KeyCorp upped their price target on NextEra Energy from $165.00 to $168.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 18th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. NextEra Energy currently has an average rating of “Buy” and an average target price of $168.92.
NEE opened at $156.42 on Friday. The stock has a market cap of $74.79 billion, a PE ratio of 23.35, a P/E/G ratio of 2.34 and a beta of 0.23. NextEra Energy has a 52-week low of $157.17 and a 52-week high of $159.00. The company has a quick ratio of 0.46, a current ratio of 0.59 and a debt-to-equity ratio of 0.78.
In other NextEra Energy news, Director James L. Robo sold 18,000 shares of the company’s stock in a transaction that occurred on Monday, March 19th. The stock was sold at an average price of $160.89, for a total value of $2,896,020.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Manoochehr K. Nazar sold 13,890 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $155.64, for a total value of $2,161,839.60. Following the completion of the transaction, the insider now directly owns 142,429 shares of the company’s stock, valued at approximately $22,167,649.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,265 shares of company stock valued at $9,726,667. 0.55% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC raised its holdings in NextEra Energy by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 4,869,190 shares of the utilities provider’s stock valued at $758,889,000 after acquiring an additional 73,790 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in NextEra Energy by 6.5% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,968,016 shares of the utilities provider’s stock valued at $619,764,000 after acquiring an additional 243,649 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in NextEra Energy by 1.1% in the 4th quarter. Bank of New York Mellon Corp now owns 3,907,505 shares of the utilities provider’s stock valued at $610,314,000 after acquiring an additional 41,226 shares in the last quarter. Alliancebernstein L.P. raised its holdings in NextEra Energy by 1.0% in the 4th quarter. Alliancebernstein L.P. now owns 2,664,040 shares of the utilities provider’s stock valued at $416,096,000 after acquiring an additional 26,147 shares in the last quarter. Finally, Eaton Vance Management raised its holdings in NextEra Energy by 3.6% in the 4th quarter. Eaton Vance Management now owns 2,222,593 shares of the utilities provider’s stock valued at $347,147,000 after acquiring an additional 77,806 shares in the last quarter. 76.38% of the stock is owned by hedge funds and other institutional investors.
NextEra Energy Company Profile
NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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