Zacks: Brokerages Anticipate NextEra Energy Inc (NEE) to Post $1.91 Earnings Per Share
Equities research analysts expect that NextEra Energy Inc (NYSE:NEE) will announce $1.91 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for NextEra Energy’s earnings, with estimates ranging from $1.76 to $2.12. NextEra Energy reported earnings per share of $1.94 during the same quarter last year, which suggests a negative year over year growth rate of 1.5%. The company is scheduled to report its next earnings results on Tuesday, April 23rd.
According to Zacks, analysts expect that NextEra Energy will report full year earnings of $8.40 per share for the current year, with EPS estimates ranging from $8.34 to $8.48. For the next year, analysts expect that the firm will post earnings of $9.08 per share, with EPS estimates ranging from $8.95 to $9.24. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for NextEra Energy.
NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Friday, January 25th. The utilities provider reported $1.49 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.02). NextEra Energy had a return on equity of 10.01% and a net margin of 39.74%. The firm had revenue of $4.39 billion for the quarter, compared to analysts’ expectations of $4.84 billion. During the same quarter in the prior year, the business earned $1.25 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis.
NYSE:NEE traded up $0.01 during midday trading on Thursday, reaching $190.98. The company had a trading volume of 1,453,608 shares, compared to its average volume of 2,184,484. The firm has a market cap of $91.32 billion, a PE ratio of 24.80, a price-to-earnings-growth ratio of 2.93 and a beta of 0.29. NextEra Energy has a 12-month low of $155.06 and a 12-month high of $192.16. The company has a current ratio of 0.36, a quick ratio of 0.29 and a debt-to-equity ratio of 0.72.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Thursday, February 28th will be issued a $1.25 dividend. The ex-dividend date is Wednesday, February 27th. This is a positive change from NextEra Energy’s previous quarterly dividend of $1.11. This represents a $5.00 dividend on an annualized basis and a yield of 2.62%. NextEra Energy’s dividend payout ratio (DPR) is 64.94%.
In other NextEra Energy news, EVP Miguel Arechabala sold 5,448 shares of NextEra Energy stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $188.61, for a total transaction of $1,027,547.28. Following the completion of the sale, the executive vice president now directly owns 6,348 shares of the company’s stock, valued at approximately $1,197,296.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Manoochehr K. Nazar sold 36,807 shares of NextEra Energy stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $189.87, for a total value of $6,988,545.09. Following the sale, the insider now directly owns 149,034 shares of the company’s stock, valued at $28,297,085.58. The disclosure for this sale can be found here. Over the last quarter, insiders sold 61,909 shares of company stock valued at $11,666,919. 0.55% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in NextEra Energy by 2.0% during the 3rd 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 during the last quarter. Vanguard Group Inc lifted its holdings in NextEra Energy by 2.0% during the 3rd 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 during the last quarter. BlackRock Inc. lifted its holdings in NextEra Energy by 2.4% during the 4th quarter. BlackRock Inc. now owns 37,651,697 shares of the utilities provider’s stock worth $6,544,616,000 after buying an additional 886,301 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in NextEra Energy by 17,067.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 8,822,408 shares of the utilities provider’s stock worth $51,000 after buying an additional 8,771,018 shares during the last quarter. Finally, Norges Bank purchased a new stake in NextEra Energy during the 4th quarter worth about $1,172,014,000. 75.98% of the stock is owned by 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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