NextEra Energy (NYSE:NEE) will be releasing its earnings data before the market opens on Tuesday, October 23rd. Analysts expect NextEra Energy to post earnings of $2.14 per share for the quarter. NextEra Energy has set its FY18 guidance at $7.45-7.95 EPS.
NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 25th. The utilities provider reported $2.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.06 by $0.05. NextEra Energy had a net margin of 49.10% and a return on equity of 10.49%. The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.51 billion. During the same quarter last year, the business earned $1.86 earnings per share. NextEra Energy’s revenue was down 7.6% compared to the same quarter last year. On average, analysts expect NextEra Energy to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.
Shares of NYSE NEE opened at $173.46 on Friday. NextEra Energy has a 1 year low of $145.10 and a 1 year high of $175.66. The company has a market cap of $80.91 billion, a P/E ratio of 25.89, a PEG ratio of 2.63 and a beta of 0.20. The company has a current ratio of 0.58, a quick ratio of 0.46 and a debt-to-equity ratio of 0.78.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 30th will be given a dividend of $1.11 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $4.44 dividend on an annualized basis and a yield of 2.56%. NextEra Energy’s dividend payout ratio (DPR) is currently 66.27%.
In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 10,734 shares of NextEra Energy stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $170.98, for a total value of $1,835,299.32. Following the transaction, the chief executive officer now owns 64,169 shares in the company, valued at approximately $10,971,615.62. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James L. Robo sold 18,000 shares of NextEra Energy stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of $170.69, for a total transaction of $3,072,420.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 74,024 shares of company stock worth $12,742,375. 0.55% of the stock is owned by company insiders.
A number of brokerages recently issued reports on NEE. Howard Weil started coverage on shares of NextEra Energy in a research report on Tuesday, July 24th. They set a “sector perform” rating on the stock. Wells Fargo & Co lifted their price target on shares of NextEra Energy from $191.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, October 10th. Morgan Stanley decreased their price target on shares of NextEra Energy from $186.00 to $184.00 and set a “buy” rating on the stock in a report on Friday, September 21st. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $191.00 price target on the stock in a report on Wednesday, August 8th. Finally, Barclays started coverage on shares of NextEra Energy in a report on Tuesday, July 10th. They issued an “equal weight” rating and a $182.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $170.64.
About NextEra Energy
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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