Zacks: Analysts Anticipate NextEra Energy, Inc. (NEE) Will Announce Earnings of $1.73 Per Share

Equities analysts expect NextEra Energy, Inc. (NYSE:NEE) to announce $1.73 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for NextEra Energy’s earnings, with the highest EPS estimate coming in at $1.75 and the lowest estimate coming in at $1.69. NextEra Energy posted earnings of $1.67 per share during the same quarter last year, which indicates a positive year over year growth rate of 3.6%. The business is expected to announce its next earnings report before the market opens on Wednesday, July 26th.

According to Zacks, analysts expect that NextEra Energy will report full-year earnings of $6.67 per share for the current year, with EPS estimates ranging from $6.60 to $6.75. For the next year, analysts anticipate that the business will report earnings of $7.20 per share, with EPS estimates ranging from $7.05 to $7.33. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover NextEra Energy.

NextEra Energy (NYSE:NEE) last issued its earnings results on Friday, April 21st. The utilities provider reported $1.75 EPS for the quarter, beating the Zacks’ consensus estimate of $1.51 by $0.24. NextEra Energy had a return on equity of 11.82% and a net margin of 23.58%. The company had revenue of $3.97 billion during the quarter, compared to the consensus estimate of $3.99 billion. During the same period in the previous year, the firm posted $1.55 earnings per share. NextEra Energy’s quarterly revenue was up 3.6% compared to the same quarter last year.

Several research firms recently issued reports on NEE. Royal Bank Of Canada reissued an “outperform” rating and issued a $147.00 price target (up previously from $144.00) on shares of NextEra Energy in a research report on Sunday, July 9th. BMO Capital Markets reissued a “buy” rating and issued a $135.00 price target on shares of NextEra Energy in a research report on Friday, March 31st. BidaskClub lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 3rd. Finally, Wells Fargo & Company reissued an “outperform” rating and issued a $158.00 price target (up previously from $150.00) on shares of NextEra Energy in a research report on Monday, June 19th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $147.44.

Shares of NextEra Energy (NYSE NEE) traded up 0.77% during trading on Friday, reaching $141.66. The company’s stock had a trading volume of 1,239,731 shares. The stock has a market capitalization of $66.32 billion, a price-to-earnings ratio of 17.24 and a beta of 0.31. The company’s 50-day moving average price is $140.27 and its 200 day moving average price is $129.94. NextEra Energy has a 1-year low of $110.49 and a 1-year high of $144.87.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Tuesday, May 30th were paid a dividend of $0.9825 per share. The ex-dividend date was Thursday, May 25th. This represents a $3.93 annualized dividend and a dividend yield of 2.77%. NextEra Energy’s dividend payout ratio (DPR) is currently 47.87%.

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In other news, EVP Joseph T. Kelliher sold 8,068 shares of the stock in a transaction that occurred on Monday, April 17th. The shares were sold at an average price of $130.67, for a total transaction of $1,054,245.56. Following the sale, the executive vice president now directly owns 38,634 shares of the company’s stock, valued at $5,048,304.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Armando Pimentel, Jr. sold 5,680 shares of the stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $133.11, for a total transaction of $756,064.80. Following the sale, the chief executive officer now directly owns 79,586 shares in the company, valued at $10,593,692.46. The disclosure for this sale can be found here. Insiders have sold 74,179 shares of company stock worth $10,091,188 over the last three months. 0.53% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Lebenthal Asset Management LLC boosted its stake in NextEra Energy by 0.5% in the fourth quarter. Lebenthal Asset Management LLC now owns 104,068 shares of the utilities provider’s stock valued at $12,432,000 after buying an additional 480 shares during the period. Dodge & Cox acquired a new position in shares of NextEra Energy during the fourth quarter valued at $1,164,000. Wade G W & Inc. raised its position in shares of NextEra Energy by 1.2% in the first quarter. Wade G W & Inc. now owns 10,628 shares of the utilities provider’s stock valued at $1,364,000 after buying an additional 130 shares in the last quarter. Baldwin Brothers Inc. MA raised its position in shares of NextEra Energy by 15.2% in the first quarter. Baldwin Brothers Inc. MA now owns 13,230 shares of the utilities provider’s stock valued at $1,698,000 after buying an additional 1,748 shares in the last quarter. Finally, Moody Lynn & Lieberson LLC raised its position in shares of NextEra Energy by 48.7% in the first quarter. Moody Lynn & Lieberson LLC now owns 2,948 shares of the utilities provider’s stock valued at $378,000 after buying an additional 965 shares in the last quarter. 77.87% of the stock is currently owned by institutional investors and hedge funds.

About NextEra Energy

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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