Brokerages Expect NextEra Energy Inc (NEE) Will Announce Earnings of $1.55 Per Share

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Analysts forecast that NextEra Energy Inc (NYSE:NEE) will report $1.55 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for NextEra Energy’s earnings, with the highest EPS estimate coming in at $1.61 and the lowest estimate coming in at $1.47. NextEra Energy reported earnings per share of $1.25 during the same quarter last year, which suggests a positive year-over-year growth rate of 24%. The firm is scheduled to report its next quarterly earnings results on Friday, January 25th.

On average, analysts expect that NextEra Energy will report full year earnings of $7.78 per share for the current financial year, with EPS estimates ranging from $7.70 to $7.85. For the next financial year, analysts forecast that the firm will post earnings of $8.36 per share, with EPS estimates ranging from $8.25 to $8.44. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow NextEra Energy.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, October 23rd. The utilities provider reported $2.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.15 by $0.03. The company had revenue of $4.42 billion for the quarter, compared to analysts’ expectations of $4.92 billion. NextEra Energy had a return on equity of 10.21% and a net margin of 51.25%. NextEra Energy’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same period last year, the firm posted $1.85 EPS.

NEE has been the topic of a number of research reports. Mizuho initiated coverage on NextEra Energy in a report on Monday, August 13th. They set a “buy” rating and a $184.00 price objective on the stock. Morgan Stanley raised their price objective on NextEra Energy from $181.00 to $186.00 and gave the company a “buy” rating in a report on Tuesday, September 11th. Wells Fargo & Co raised their price objective on NextEra Energy from $180.00 to $191.00 and gave the company an “outperform” rating in a report on Monday, September 17th. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $193.00 price objective on the stock in a report on Friday, October 12th. Finally, Credit Suisse Group decreased their price objective on NextEra Energy from $185.00 to $173.00 and set an “outperform” rating on the stock in a report on Wednesday, October 24th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. NextEra Energy presently has a consensus rating of “Buy” and an average target price of $175.00.

Shares of NYSE NEE opened at $182.86 on Wednesday. The stock has a market cap of $87.30 billion, a P/E ratio of 24.42, 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. NextEra Energy has a 1-year low of $145.10 and a 1-year high of $184.20.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Friday, November 30th will be paid a $1.11 dividend. The ex-dividend date is Thursday, November 29th. This represents a $4.44 dividend on an annualized basis and a yield of 2.43%. NextEra Energy’s dividend payout ratio (DPR) is currently 66.27%.

In other NextEra Energy news, EVP Joseph T. Kelliher sold 8,035 shares of NextEra Energy stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $173.30, for a total value of $1,392,465.50. Following the transaction, the executive vice president now directly owns 36,637 shares of the company’s stock, valued at approximately $6,349,192.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Armando Pimentel, Jr. sold 35,347 shares of NextEra Energy stock in a transaction that occurred on Thursday, December 6th. The stock was sold at an average price of $180.81, for a total value of $6,391,091.07. Following the completion of the transaction, the chief executive officer now directly owns 94,596 shares in the company, valued at $17,103,902.76. The disclosure for this sale can be found here. Insiders sold a total of 106,288 shares of company stock worth $18,945,831 over the last ninety days. Insiders own 0.55% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of NextEra Energy by 2.0% in 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. grew its position in shares of NextEra Energy by 1.9% in the 3rd 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 during the last quarter. Northern Trust Corp grew its position in shares of NextEra Energy by 1.0% in the 2nd 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 during the last quarter. Bank of New York Mellon Corp grew its position in shares of NextEra Energy by 4.9% in the 3rd 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 during the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of NextEra Energy by 1.8% in the 2nd 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 during the last quarter. 76.28% 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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