Erste Group Bank Weighs in on NextEra Energy FY2027 Earnings

NextEra Energy, Inc. (NYSE:NEE) – Erste Group Bank dropped their FY2027 earnings per share (EPS) estimates for NextEra Energy in a research report issued to clients and investors on Tuesday, March 24th. Erste Group Bank analyst S. Lingnau now expects that the utilities provider will earn $4.37 per share for the year, down from their previous forecast of $4.38. Erste Group Bank has a “Buy” rating on the stock. The consensus estimate for NextEra Energy’s current full-year earnings is $3.68 per share.

Other research analysts have also recently issued reports about the stock. Wall Street Zen raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Seaport Research Partners cut their price objective on shares of NextEra Energy from $56.00 to $55.00 and set a “sell” rating on the stock in a report on Monday, February 2nd. Barclays raised their target price on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “equal weight” rating in a research note on Thursday, January 15th. The Goldman Sachs Group lifted their target price on shares of NextEra Energy from $94.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Finally, UBS Group boosted their price target on NextEra Energy from $91.00 to $104.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.44.

NextEra Energy Stock Down 0.5%

NYSE:NEE opened at $91.19 on Thursday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.60 and a quick ratio of 0.49. The firm’s 50-day moving average price is $90.15 and its 200-day moving average price is $83.97. The company has a market capitalization of $190.00 billion, a PE ratio of 27.72 and a beta of 0.76. NextEra Energy has a 1-year low of $61.72 and a 1-year high of $95.91.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The business had revenue of $6.50 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same quarter last year, the firm posted $0.53 earnings per share. The company’s revenue for the quarter was up 20.7% on a year-over-year basis.

Hedge Funds Weigh In On NextEra Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NEE. Goodman Advisory Group LLC bought a new stake in shares of NextEra Energy in the 2nd quarter worth $25,000. Tripletail Wealth Management LLC bought a new position in shares of NextEra Energy during the third quarter valued at $25,000. Laurel Wealth Advisors LLC bought a new position in shares of NextEra Energy during the fourth quarter valued at $25,000. Anfield Capital Management LLC boosted its position in shares of NextEra Energy by 692.3% during the fourth quarter. Anfield Capital Management LLC now owns 309 shares of the utilities provider’s stock valued at $25,000 after buying an additional 270 shares during the last quarter. Finally, Wealth Watch Advisors INC boosted its position in shares of NextEra Energy by 223.8% during the fourth quarter. Wealth Watch Advisors INC now owns 327 shares of the utilities provider’s stock valued at $26,000 after buying an additional 226 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,934 shares of the firm’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $93.00, for a total transaction of $458,862.00. Following the completion of the sale, the executive vice president directly owned 16,905 shares in the company, valued at approximately $1,572,165. This trade represents a 22.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Treasurer James Michael May sold 7,161 shares of NextEra Energy stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $90.27, for a total transaction of $646,423.47. Following the completion of the transaction, the treasurer directly owned 26,719 shares of the company’s stock, valued at $2,411,924.13. This trade represents a 21.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 190,816 shares of company stock worth $17,075,619 in the last ninety days. 0.20% of the stock is currently owned by company insiders.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were given a dividend of $0.6232 per share. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Friday, February 27th. This represents a $2.49 annualized dividend and a yield of 2.7%. NextEra Energy’s payout ratio is currently 75.68%.

About NextEra Energy

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.