$0.68 EPS Expected for NextEra Energy, Inc. (NYSE:NEE) This Quarter

Wall Street analysts predict that NextEra Energy, Inc. (NYSE:NEEGet Rating) will report earnings of $0.68 per share for the current quarter, according to Zacks. Three analysts have made estimates for NextEra Energy’s earnings. The highest EPS estimate is $0.73 and the lowest is $0.57. NextEra Energy posted earnings per share of $0.67 in the same quarter last year, which indicates a positive year-over-year growth rate of 1.5%. The company is scheduled to issue its next quarterly earnings report before the market opens on Monday, January 1st.

On average, analysts expect that NextEra Energy will report full-year earnings of $2.81 per share for the current fiscal year, with EPS estimates ranging from $2.78 to $2.85. For the next fiscal year, analysts expect that the company will report earnings of $3.05 per share, with EPS estimates ranging from $3.02 to $3.10. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for NextEra Energy.

NextEra Energy (NYSE:NEEGet Rating) last issued its earnings results on Tuesday, January 25th. The utilities provider reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. NextEra Energy had a return on equity of 11.10% and a net margin of 20.93%. The firm had revenue of $5.05 billion for the quarter, compared to the consensus estimate of $5.79 billion. During the same quarter in the prior year, the business earned $0.40 earnings per share. The company’s revenue was up 14.8% compared to the same quarter last year.

NEE has been the topic of several recent analyst reports. StockNews.com initiated coverage on NextEra Energy in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Wells Fargo & Company upped their price target on NextEra Energy from $102.00 to $107.00 and gave the company an “overweight” rating in a research note on Monday. Morgan Stanley upped their price target on NextEra Energy from $88.00 to $91.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 22nd. KeyCorp upped their price target on NextEra Energy from $87.00 to $89.00 and gave the company an “overweight” rating in a research note on Thursday, April 7th. Finally, Mizuho decreased their target price on NextEra Energy from $91.00 to $88.00 in a research note on Monday, January 24th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, NextEra Energy presently has an average rating of “Buy” and an average price target of $90.63.

In related news, CFO Rebecca J. Kujawa bought 7,000 shares of the business’s stock in a transaction that occurred on Friday, January 28th. The stock was bought at an average cost of $71.83 per share, for a total transaction of $502,810.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James L. Robo bought 64,691 shares of the business’s stock in a transaction that occurred on Monday, January 31st. The stock was bought at an average price of $77.26 per share, with a total value of $4,998,026.66. The disclosure for this purchase can be found here. Insiders have acquired a total of 73,691 shares of company stock valued at $5,648,077 in the last quarter. Company insiders own 0.43% of the company’s stock.

Several large investors have recently bought and sold shares of NEE. Camden National Bank grew its stake in NextEra Energy by 303.2% during the fourth quarter. Camden National Bank now owns 89,975 shares of the utilities provider’s stock valued at $6,941,000 after acquiring an additional 67,659 shares in the last quarter. Eagle Capital Management LLC boosted its holdings in NextEra Energy by 3.9% in the second quarter. Eagle Capital Management LLC now owns 49,696 shares of the utilities provider’s stock valued at $3,642,000 after purchasing an additional 1,852 shares during the last quarter. Palladium Partners LLC raised its position in shares of NextEra Energy by 0.3% during the 3rd quarter. Palladium Partners LLC now owns 69,721 shares of the utilities provider’s stock worth $5,475,000 after purchasing an additional 240 shares during the last quarter. Solstein Capital LLC raised its holdings in NextEra Energy by 17.3% in the 3rd quarter. Solstein Capital LLC now owns 1,807 shares of the utilities provider’s stock valued at $142,000 after acquiring an additional 266 shares during the last quarter. Finally, Center for Financial Planning Inc. boosted its position in shares of NextEra Energy by 4.8% during the 3rd quarter. Center for Financial Planning Inc. now owns 34,913 shares of the utilities provider’s stock worth $2,741,000 after purchasing an additional 1,600 shares during the period. Hedge funds and other institutional investors own 75.89% of the company’s stock.

Shares of NextEra Energy stock traded down $0.69 during trading hours on Wednesday, hitting $82.12. The company’s stock had a trading volume of 111,470 shares, compared to its average volume of 10,168,562. NextEra Energy has a twelve month low of $69.79 and a twelve month high of $93.73. The firm has a fifty day moving average of $80.57 and a 200-day moving average of $83.47. The stock has a market cap of $161.32 billion, a price-to-earnings ratio of 45.75, a P/E/G ratio of 3.34 and a beta of 0.38. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.44 and a current ratio of 0.53.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 15th. Shareholders of record on Tuesday, March 1st were issued a dividend of $0.425 per share. This is an increase from NextEra Energy’s previous quarterly dividend of $0.39. This represents a $1.70 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend was Monday, February 28th. NextEra Energy’s dividend payout ratio (DPR) is presently 93.92%.

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.

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Earnings History and Estimates for NextEra Energy (NYSE:NEE)

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