Zacks: Analysts Anticipate NextEra Energy Inc (NEE) to Post $1.91 Earnings Per Share

Equities research analysts forecast that NextEra Energy Inc (NYSE:NEE) will report earnings of $1.91 per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for NextEra Energy’s earnings, with estimates ranging from $1.76 to $2.12. NextEra Energy reported earnings of $1.94 per share in the same quarter last year, which suggests a negative year over year growth rate of 1.5%. The business is scheduled to announce its next earnings results on Tuesday, April 23rd.

According to Zacks, analysts expect that NextEra Energy will report full year earnings of $8.39 per share for the current fiscal year, with EPS estimates ranging from $8.34 to $8.48. For the next financial year, analysts forecast that the business will report earnings of $9.08 per share, with EPS estimates ranging from $8.95 to $9.24. Zacks’ 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 earnings results on Friday, January 25th. The utilities provider reported $1.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.51 by ($0.02). The company had revenue of $4.39 billion during the quarter, compared to analyst estimates of $4.84 billion. NextEra Energy had a return on equity of 10.01% and a net margin of 39.74%. NextEra Energy’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.25 earnings per share.

A number of equities analysts recently weighed in on NEE shares. Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $204.00 target price for the company in a research note on Monday, December 17th. Guggenheim restated a “buy” rating and set a $205.00 price objective on shares of NextEra Energy in a research note on Monday, January 7th. Argus increased their price objective on shares of NextEra Energy from $184.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, October 31st. Barclays increased their price objective on shares of NextEra Energy from $182.00 to $187.00 and gave the stock a “hold” rating in a research note on Monday, November 19th. Finally, Credit Suisse Group increased their price objective on shares of NextEra Energy from $186.00 to $193.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 12th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. NextEra Energy presently has an average rating of “Buy” and an average target price of $178.75.

NYSE NEE traded up $1.43 on Wednesday, reaching $184.04. The company had a trading volume of 2,203,311 shares, compared to its average volume of 2,306,713. The firm has a market cap of $87.96 billion, a PE ratio of 23.90, a PEG ratio of 2.81 and a beta of 0.26. The company has a current ratio of 0.36, a quick ratio of 0.29 and a debt-to-equity ratio of 0.72. NextEra Energy has a 1-year low of $151.32 and a 1-year high of $185.11.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Thursday, February 28th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.72%. This is a boost from NextEra Energy’s previous quarterly dividend of $1.11. NextEra Energy’s dividend payout ratio is presently 57.66%.

In other news, Director Rudy E. Schupp sold 1,600 shares of the company’s stock in a transaction dated Wednesday, January 2nd. The shares were sold at an average price of $170.23, for a total value of $272,368.00. Following the sale, the director now directly owns 20,100 shares of the company’s stock, valued at approximately $3,421,623. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director James L. Robo sold 18,000 shares of the company’s stock in a transaction dated Thursday, December 6th. The shares were sold at an average price of $180.67, for a total transaction of $3,252,060.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,947 shares of company stock worth $9,915,519. 0.55% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of the company. Oregon Public Employees Retirement Fund raised its holdings in NextEra Energy by 17,067.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 8,822,408 shares of the utilities provider’s stock valued at $51,000 after acquiring an additional 8,771,018 shares during the period. Rehmann Capital Advisory Group raised its holdings in NextEra Energy by 16,992.0% in the 3rd quarter. Rehmann Capital Advisory Group now owns 1,864,569 shares of the utilities provider’s stock valued at $11,125,000 after acquiring an additional 1,853,660 shares during the period. GQG Partners LLC bought a new position in NextEra Energy in the 4th quarter valued at about $264,629,000. BlackRock Inc. raised its holdings in NextEra Energy by 2.4% in the 4th quarter. BlackRock Inc. now owns 37,651,697 shares of the utilities provider’s stock valued at $6,544,616,000 after acquiring an additional 886,301 shares during the period. Finally, Capital International Investors bought a new position in NextEra Energy in the 3rd quarter valued at about $142,633,000. 77.71% of the stock is currently owned by institutional investors.

About NextEra Energy

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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