KeyCorp Analysts Lower Earnings Estimates for NextEra Energy Inc (NEE)

NextEra Energy Inc (NYSE:NEE) – Equities research analysts at KeyCorp reduced their Q1 2017 earnings per share estimates for shares of NextEra Energy in a report issued on Tuesday, according to Zacks Investment Research. KeyCorp analyst P. Ridzon now expects that the utilities provider will earn $1.61 per share for the quarter, down from their previous estimate of $1.65.

NextEra Energy (NYSE:NEE) last issued its earnings results on Friday, April 21st. The utilities provider reported $1.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.51 by $0.24. The company had revenue of $3.97 billion during the quarter, compared to analyst estimates of $3.99 billion. NextEra Energy had a return on equity of 11.74% and a net margin of 17.92%. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the business posted $1.55 EPS.

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Other equities research analysts also recently issued research reports about the stock. Barclays PLC reiterated an “overweight” rating and set a $150.00 target price (up previously from $139.00) on shares of NextEra Energy in a research note on Sunday, April 23rd. Morgan Stanley increased their target price on shares of NextEra Energy from $161.00 to $162.00 and gave the stock an “overweight” rating in a research note on Monday, May 8th. Deutsche Bank AG increased their target price on shares of NextEra Energy from $128.00 to $132.00 and gave the stock a “hold” rating in a research note on Tuesday, April 11th. Royal Bank of Canada reissued a “buy” rating and set a $143.00 price target on shares of NextEra Energy in a report on Tuesday, March 14th. Finally, BMO Capital Markets reissued a “buy” rating and set a $135.00 price target on shares of NextEra Energy in a report on Friday, March 31st. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. NextEra Energy has a consensus rating of “Buy” and an average target price of $141.30.

Shares of NextEra Energy (NYSE:NEE) traded up 0.26% during trading on Thursday, reaching $137.29. The company had a trading volume of 1,728,715 shares. NextEra Energy has a 1-year low of $110.49 and a 1-year high of $137.73. The firm has a market capitalization of $64.27 billion, a PE ratio of 16.70 and a beta of 0.23. The firm has a 50-day moving average of $132.44 and a 200 day moving average of $124.95.

Several institutional investors have recently made changes to their positions in NEE. BlackRock Inc. increased its position in shares of NextEra Energy by 3,384.2% in the first quarter. BlackRock Inc. now owns 37,833,468 shares of the utilities provider’s stock worth $4,856,682,000 after buying an additional 36,747,599 shares in the last quarter. Wellington Management Group LLP increased its position in shares of NextEra Energy by 0.8% in the first quarter. Wellington Management Group LLP now owns 19,961,544 shares of the utilities provider’s stock worth $2,562,463,000 after buying an additional 167,275 shares in the last quarter. FMR LLC increased its position in shares of NextEra Energy by 0.4% in the first quarter. FMR LLC now owns 7,680,705 shares of the utilities provider’s stock worth $985,973,000 after buying an additional 30,135 shares in the last quarter. Northern Trust Corp increased its position in shares of NextEra Energy by 0.9% in the third quarter. Northern Trust Corp now owns 6,276,150 shares of the utilities provider’s stock worth $767,699,000 after buying an additional 58,069 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of NextEra Energy during the fourth quarter worth approximately $678,763,000. Institutional investors own 73.69% of the company’s stock.

In related news, Director William H. Swanson purchased 3,860 shares of the firm’s stock in a transaction on Friday, February 24th. The shares were bought at an average price of $128.86 per share, for a total transaction of $497,399.60. Following the acquisition, the director now directly owns 25,180 shares in the company, valued at $3,244,694.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James L. Robo sold 52,320 shares of NextEra Energy stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $136.48, for a total transaction of $7,140,633.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 94,200 shares of company stock worth $12,633,902. 0.66% of the stock is owned by company insiders.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Tuesday, May 30th will be given a dividend of $0.9825 per share. The ex-dividend date of this dividend is Thursday, May 25th. This represents a $3.93 dividend on an annualized basis and a yield of 2.87%. NextEra Energy’s dividend payout ratio (DPR) is currently 56.04%.

NextEra Energy Company Profile

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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