NextEra Energy (NYSE:NEE – Get Rating) is scheduled to be posting its quarterly earnings results before the market opens on Friday, July 22nd. Analysts expect NextEra Energy to post earnings of $0.74 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.
NextEra Energy (NYSE:NEE – Get Rating) last posted its quarterly earnings data on Thursday, April 21st. The utilities provider reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.05. NextEra Energy had a return on equity of 11.49% and a net margin of 8.97%. The company had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $5.16 billion. During the same period in the previous year, the firm posted $0.67 EPS. On average, analysts expect NextEra Energy to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
NEE stock opened at $80.13 on Friday. The company has a current ratio of 0.49, a quick ratio of 0.42 and a debt-to-equity ratio of 1.16. NextEra Energy has a 12-month low of $67.22 and a 12-month high of $93.73. The stock has a market cap of $157.42 billion, a price-to-earnings ratio of 108.28, a PEG ratio of 3.03 and a beta of 0.45. The business’s 50-day moving average is $75.43 and its 200 day moving average is $78.69.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Tuesday, May 31st were issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 2.12%. The ex-dividend date was Friday, May 27th. NextEra Energy’s payout ratio is 229.73%.
In other NextEra Energy news, CEO John W. Ketchum acquired 12,909 shares of the firm’s stock in a transaction that occurred on Friday, July 1st. The shares were purchased at an average cost of $78.33 per share, for a total transaction of $1,011,161.97. Following the completion of the acquisition, the chief executive officer now owns 132,894 shares of the company’s stock, valued at approximately $10,409,587.02. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kirk S. Hachigian acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 3rd. The stock was acquired at an average price of $70.19 per share, for a total transaction of $701,900.00. Following the completion of the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $350,950. The disclosure for this purchase can be found here. Corporate insiders own 0.43% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in NEE. Covestor Ltd raised its position in NextEra Energy by 59.1% in the first quarter. Covestor Ltd now owns 878 shares of the utilities provider’s stock valued at $74,000 after purchasing an additional 326 shares during the period. Echo Street Capital Management LLC purchased a new stake in NextEra Energy in the first quarter valued at approximately $245,000. Stevens Capital Management LP purchased a new stake in NextEra Energy in the first quarter valued at approximately $258,000. Worth Asset Management LLC purchased a new stake in NextEra Energy in the first quarter valued at approximately $263,000. Finally, Achmea Investment Management B.V. purchased a new stake in NextEra Energy in the first quarter valued at approximately $268,000. 77.89% of the stock is currently owned by institutional investors.
NEE has been the topic of several research analyst reports. Credit Suisse Group set a $76.00 price objective on NextEra Energy in a report on Monday, June 20th. TheStreet cut NextEra Energy from a “b” rating to a “c+” rating in a report on Thursday, April 21st. KeyCorp lifted their price objective on NextEra Energy from $87.00 to $89.00 and gave the stock an “overweight” rating in a report on Thursday, April 7th. Mizuho lowered their target price on NextEra Energy from $88.00 to $81.00 and set a “buy” rating on the stock in a report on Monday, April 25th. Finally, Morgan Stanley lowered their target price on NextEra Energy from $88.00 to $86.00 and set an “equal weight” rating on the stock in a report on Monday, May 23rd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, NextEra Energy currently has an average rating of “Moderate Buy” and a consensus target price of $88.86.
About NextEra Energy (Get Rating)
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, coal, and natural gas facilities. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.