Zacks: Analysts Anticipate NextEra Energy, Inc. (NEE) to Announce $1.75 EPS
Equities analysts expect NextEra Energy, Inc. (NYSE:NEE) to announce $1.75 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for NextEra Energy’s earnings. The lowest EPS estimate is $1.70 and the highest is $1.81. NextEra Energy posted earnings per share of $1.74 during the same quarter last year, which suggests a positive year over year growth rate of 0.6%. The company is scheduled to issue its next earnings results before the market opens on Thursday, October 26th.
On average, analysts expect that NextEra Energy will report full-year earnings of $6.70 per share for the current fiscal year, with EPS estimates ranging from $6.65 to $6.75. For the next year, analysts anticipate that the firm will post earnings of $7.26 per share, with EPS estimates ranging from $7.20 to $7.31. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover NextEra Energy.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.10. The business had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.44 billion. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The company’s quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.67 earnings per share.
NEE has been the topic of a number of research analyst reports. BMO Capital Markets reiterated a “buy” rating and set a $156.00 target price (up previously from $144.00) on shares of NextEra Energy in a report on Friday, June 23rd. BidaskClub downgraded NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Royal Bank Of Canada reiterated an “outperform” rating and set a $147.00 target price (up previously from $144.00) on shares of NextEra Energy in a report on Sunday, July 9th. Goldman Sachs Group, Inc. (The) initiated coverage on NextEra Energy in a report on Monday, July 24th. They set a “buy” rating and a $160.00 target price on the stock. Finally, Morgan Stanley upped their target price on NextEra Energy from $163.00 to $167.00 and gave the stock an “overweight” rating in a report on Thursday, August 10th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. NextEra Energy presently has an average rating of “Buy” and a consensus target price of $153.75.
In other news, EVP Charles E. Sieving sold 30,485 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $146.56, for a total value of $4,467,881.60. Following the sale, the executive vice president now directly owns 78,167 shares of the company’s stock, valued at approximately $11,456,155.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Joseph T. Kelliher sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $150.00, for a total value of $300,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 65,385 shares of company stock worth $9,614,382. Insiders own 0.53% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Hanson McClain Inc. boosted its position in shares of NextEra Energy by 6.0% in the 2nd quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock worth $107,000 after purchasing an additional 43 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in shares of NextEra Energy by 8.9% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock worth $112,000 after purchasing an additional 71 shares in the last quarter. Archford Capital Strategies LLC boosted its position 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 purchasing an additional 4,347 shares in the last quarter. Highstreet Asset Management Inc. bought a new stake in shares of NextEra Energy in the 2nd quarter worth approximately $134,000. Finally, Atlantic Trust LLC bought a new stake in shares of NextEra Energy in the 2nd quarter worth approximately $154,000. 75.37% of the stock is currently owned by hedge funds and other institutional investors.
NextEra Energy (NYSE NEE) opened at 152.54 on Thursday. The firm has a 50-day moving average price of $148.82 and a 200 day moving average price of $142.35. NextEra Energy has a one year low of $110.49 and a one year high of $152.78. The company has a market cap of $71.58 billion, a price-to-earnings ratio of 17.47 and a beta of 0.31.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be given a $0.9825 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.58%. NextEra Energy’s dividend payout ratio is currently 45.02%.
About NextEra Energy
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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