Wall Street brokerages expect that NextEra Energy Inc (NYSE:NEE) will announce $4.44 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for NextEra Energy’s earnings, with the highest sales estimate coming in at $4.98 billion and the lowest estimate coming in at $3.90 billion. NextEra Energy posted sales of $4.01 billion in the same quarter last year, which suggests a positive year over year growth rate of 10.7%. The firm is scheduled to announce its next earnings report on Friday, January 25th.
On average, analysts expect that NextEra Energy will report full year sales of $17.25 billion for the current financial year, with estimates ranging from $17.17 billion to $17.33 billion. For the next fiscal year, analysts expect that the firm will report sales of $18.47 billion, with estimates ranging from $16.51 billion to $20.18 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for NextEra Energy.
NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Tuesday, October 23rd. The utilities provider reported $2.18 EPS for the quarter, beating the Zacks’ consensus estimate of $2.15 by $0.03. NextEra Energy had a net margin of 51.25% and a return on equity of 10.21%. The company had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.92 billion. During the same quarter last year, the firm posted $1.85 earnings per share. The company’s quarterly revenue was down 8.1% compared to the same quarter last year.
A number of equities analysts have recently commented on NEE shares. Wells Fargo & Co lifted their price target on shares of NextEra Energy from $180.00 to $191.00 and gave the company an “outperform” rating in a research report on Monday, September 17th. Credit Suisse Group dropped their price target on shares of NextEra Energy from $185.00 to $173.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 24th. Morgan Stanley dropped their price target on shares of NextEra Energy from $186.00 to $184.00 and set a “buy” rating on the stock in a research report on Friday, September 21st. Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Thursday, August 9th. Finally, Mizuho started coverage on shares of NextEra Energy in a research report on Monday, August 13th. They issued a “buy” rating and a $184.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. NextEra Energy has an average rating of “Buy” and a consensus target price of $175.00.
In related news, Director Rudy E. Schupp sold 1,600 shares of the business’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $167.00, for a total transaction of $267,200.00. Following the transaction, the director now owns 21,300 shares of the company’s stock, valued at $3,557,100. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Charles E. Sieving sold 19,731 shares of the business’s stock in a transaction on Monday, November 19th. The stock was sold at an average price of $180.10, for a total transaction of $3,553,553.10. Following the transaction, the executive vice president now directly owns 68,245 shares in the company, valued at approximately $12,290,924.50. The disclosure for this sale can be found here. Insiders have sold 52,941 shares of company stock worth $9,302,680 in the last ninety days. 0.55% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in NextEra Energy by 2.0% during the third quarter. Vanguard Group Inc. now owns 41,214,999 shares of the utilities provider’s stock worth $6,907,634,000 after buying an additional 815,916 shares in the last quarter. BlackRock Inc. boosted its stake in NextEra Energy by 1.9% during the third quarter. BlackRock Inc. now owns 36,765,396 shares of the utilities provider’s stock worth $6,161,880,000 after buying an additional 692,998 shares in the last quarter. Northern Trust Corp boosted its stake in NextEra Energy by 1.0% during the second quarter. Northern Trust Corp now owns 6,633,362 shares of the utilities provider’s stock worth $1,107,970,000 after buying an additional 64,609 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in NextEra Energy by 4.9% during the third quarter. Bank of New York Mellon Corp now owns 4,385,859 shares of the utilities provider’s stock worth $735,070,000 after buying an additional 204,880 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in NextEra Energy by 1.8% during the second quarter. Janus Henderson Group PLC now owns 3,016,711 shares of the utilities provider’s stock worth $503,883,000 after buying an additional 53,173 shares in the last quarter. 76.28% of the stock is currently owned by institutional investors and hedge funds.
NYSE:NEE opened at $182.66 on Friday. NextEra Energy has a 12 month low of $145.10 and a 12 month high of $184.17. The company has a market capitalization of $87.07 billion, a PE ratio of 27.26, a PEG ratio of 2.80 and a beta of 0.14. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.57 and a current ratio of 0.65.
The business 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. This represents a $4.44 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date is Thursday, November 29th. NextEra Energy’s dividend payout ratio (DPR) is currently 66.27%.
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.
Recommended Story: Consumer Price Index (CPI)
Get a free copy of the Zacks research report on NextEra Energy (NEE)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.