KeyCorp Weighs in on NextEra Energy FY2027 Earnings

NextEra Energy, Inc. (NYSE:NEE) – KeyCorp issued their FY2027 earnings estimates for shares of NextEra Energy in a research note issued to investors on Wednesday, October 15th. KeyCorp analyst S. Karp forecasts that the utilities provider will post earnings of $4.22 per share for the year. The consensus estimate for NextEra Energy’s current full-year earnings is $3.68 per share. KeyCorp also issued estimates for NextEra Energy’s FY2028 earnings at $4.36 EPS and FY2029 earnings at $4.57 EPS.

A number of other analysts also recently weighed in on the stock. Evercore ISI set a $92.00 target price on shares of NextEra Energy and gave the stock an “outperform” rating in a report on Monday, October 6th. Barclays boosted their target price on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an “equal weight” rating in a report on Thursday, July 10th. Jefferies Financial Group restated a “hold” rating and issued a $85.00 target price (up from $77.00) on shares of NextEra Energy in a report on Tuesday, October 14th. HSBC reduced their target price on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Friday, July 11th. Finally, TD Cowen assumed coverage on shares of NextEra Energy in a report on Thursday, October 16th. They set a “buy” rating and a $98.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.40.

NextEra Energy Stock Performance

NextEra Energy stock opened at $84.80 on Monday. The company’s 50-day moving average price is $75.78 and its 200-day moving average price is $72.36. NextEra Energy has a twelve month low of $61.72 and a twelve month high of $86.74. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. The company has a market cap of $174.63 billion, a PE ratio of 29.65, a price-to-earnings-growth ratio of 2.85 and a beta of 0.66.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The firm had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. During the same period in the previous year, the firm posted $0.96 EPS. The business’s quarterly revenue was up 10.4% on a year-over-year basis.

Hedge Funds Weigh In On NextEra Energy

A number of hedge funds have recently added to or reduced their stakes in NEE. Brighton Jones LLC grew its stake in NextEra Energy by 7.0% in the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock worth $2,028,000 after acquiring an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in NextEra Energy by 6.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock worth $348,000 after acquiring an additional 298 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of NextEra Energy by 20.7% in the 1st quarter. GAMMA Investing LLC now owns 34,681 shares of the utilities provider’s stock worth $2,459,000 after purchasing an additional 5,949 shares during the period. Exchange Traded Concepts LLC lifted its position in shares of NextEra Energy by 5.5% in the 1st quarter. Exchange Traded Concepts LLC now owns 4,390 shares of the utilities provider’s stock worth $311,000 after purchasing an additional 228 shares during the period. Finally, Advisor Resource Council purchased a new stake in shares of NextEra Energy in the 1st quarter worth approximately $402,000. 78.72% of the stock is currently owned by institutional investors.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Michael Dunne sold 10,000 shares of the company’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $70.79, for a total value of $707,900.00. Following the transaction, the executive vice president directly owned 62,064 shares in the company, valued at $4,393,510.56. This represents a 13.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark Lemasney sold 846 shares of the company’s stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of the transaction, the executive vice president owned 9,267 shares in the company, valued at $694,098.30. This represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,528 shares of company stock valued at $2,277,773 over the last 90 days. 0.18% of the stock is currently owned by insiders.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 2.7%. The ex-dividend date was Thursday, August 28th. NextEra Energy’s dividend payout ratio is presently 79.37%.

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,natural gas, and other clean energy. 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.