$4.50 Billion in Sales Expected for NextEra Energy Inc (NEE) This Quarter

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Wall Street brokerages expect NextEra Energy Inc (NYSE:NEE) to post sales of $4.50 billion for the current fiscal quarter, according to Zacks. Two analysts have made estimates for NextEra Energy’s earnings. The lowest sales estimate is $4.17 billion and the highest is $4.84 billion. NextEra Energy posted sales of $4.40 billion in the same quarter last year, which would indicate a positive year over year growth rate of 2.3%. The firm is expected to report its next earnings results on Wednesday, July 25th.

On average, analysts expect that NextEra Energy will report full year sales of $17.60 billion for the current financial year, with estimates ranging from $16.41 billion to $18.73 billion. For the next financial year, analysts forecast that the firm will report sales of $18.44 billion per share, with estimates ranging from $16.55 billion to $19.74 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover 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 for the quarter, beating the consensus estimate of $1.78 by $0.16. The firm had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $4.15 billion. NextEra Energy had a return on equity of 10.91% and a net margin of 48.13%. The company’s revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.75 EPS.

A number of equities analysts recently commented on the company. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating and set a $182.00 target price on the stock. in a report on Wednesday, April 11th. JPMorgan Chase & Co. raised their target price on NextEra Energy from $170.00 to $171.00 and gave the stock an “overweight” rating in a report on Thursday, April 26th. Morgan Stanley decreased their target price on NextEra Energy from $170.00 to $168.00 and set an “overweight” rating on the stock in a report on Thursday, March 8th. KeyCorp raised their target price on NextEra Energy from $165.00 to $168.00 and gave the stock an “overweight” rating in a report on Wednesday, April 18th. Finally, ValuEngine raised NextEra Energy from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $169.42.

NYSE NEE opened at $163.37 on Friday. The firm has a market cap of $76.74 billion, a PE ratio of 24.38, a PEG ratio of 2.44 and a beta of 0.25. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.78. NextEra Energy has a 1-year low of $138.00 and a 1-year high of $166.62.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Tuesday, June 5th were issued a dividend of $1.11 per share. The ex-dividend date of this dividend was Monday, June 4th. This represents a $4.44 dividend on an annualized basis and a yield of 2.72%. NextEra Energy’s dividend payout ratio is presently 66.27%.

In other NextEra Energy news, Director Eric E. Silagy sold 11,114 shares of the firm’s stock in a transaction dated Monday, May 14th. The stock was sold at an average price of $160.82, for a total transaction of $1,787,353.48. Following the sale, the director now directly owns 25,898 shares of the company’s stock, valued at $4,164,916.36. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director James L. Robo sold 81,489 shares of the firm’s stock in a transaction dated Thursday, May 17th. The shares were sold at an average price of $156.81, for a total value of $12,778,290.09. The disclosure for this sale can be found here. Over the last three months, insiders have sold 118,939 shares of company stock worth $18,698,946. Insiders own 0.55% of the company’s stock.

Large investors have recently bought and sold shares of the business. Gables Capital Management Inc. bought a new stake in NextEra Energy during the first quarter valued at about $105,000. Centersquare Investment Management LLC bought a new stake in NextEra Energy during the first quarter valued at about $150,000. Stelac Advisory Services LLC purchased a new position in shares of NextEra Energy during the first quarter valued at about $151,000. Aristotle Capital Management LLC purchased a new position in shares of NextEra Energy during the first quarter valued at about $152,000. Finally, AlphaOne Investment Services LLC grew its position in shares of NextEra Energy by 150.9% during the fourth quarter. AlphaOne Investment Services LLC now owns 1,001 shares of the utilities provider’s stock valued at $156,000 after purchasing an additional 602 shares in the last quarter. 75.89% of the stock is currently owned by institutional investors and hedge funds.

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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