Analysts Anticipate NextEra Energy (NEE) Will Announce Earnings of $1.74 Per Share

Wall Street brokerages predict that NextEra Energy (NYSE:NEE) will post earnings per share of $1.74 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for NextEra Energy’s earnings. The highest EPS estimate is $1.79 and the lowest is $1.70. NextEra Energy reported earnings of $1.75 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 0.6%. The firm is scheduled to report its next quarterly earnings results before the market opens on Tuesday, April 24th.

On average, analysts expect that NextEra Energy will report full year earnings of $7.72 per share for the current fiscal year, with EPS estimates ranging from $7.63 to $7.85. For the next financial year, analysts forecast that the company will report earnings of $8.30 per share, with EPS estimates ranging from $8.20 to $8.40. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow NextEra Energy.

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NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, January 26th. The utilities provider reported $1.25 EPS for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.06). NextEra Energy had a return on equity of 11.50% and a net margin of 31.28%. The company had revenue of $4.01 billion for the quarter, compared to analysts’ expectations of $4.18 billion. During the same quarter in the previous year, the business posted $1.21 EPS. The business’s quarterly revenue was up 8.4% compared to the same quarter last year.

NEE has been the topic of a number of research analyst reports. Zacks Investment Research downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Guggenheim restated a “buy” rating and issued a $177.00 target price on shares of NextEra Energy in a research report on Wednesday, January 3rd. UBS initiated coverage on NextEra Energy in a research report on Friday, February 2nd. They issued a “buy” rating and a $177.00 target price on the stock. Morgan Stanley reduced their target price on NextEra Energy from $172.00 to $165.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 13th. Finally, ValuEngine upgraded NextEra Energy from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. NextEra Energy currently has a consensus rating of “Buy” and an average target price of $166.57.

NYSE:NEE traded up $1.10 on Thursday, reaching $163.22. The company’s stock had a trading volume of 1,326,852 shares, compared to its average volume of 2,245,054. NextEra Energy has a 12-month low of $129.22 and a 12-month high of $164.71. The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $75,430.61, a P/E ratio of 24.33, a P/E/G ratio of 2.54 and a beta of 0.23.

In other news, CEO Armando Pimentel, Jr. sold 9,250 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $151.83, for a total transaction of $1,404,427.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James L. Robo sold 18,000 shares of the company’s stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $160.89, for a total value of $2,896,020.00. The disclosure for this sale can be found here. Insiders have sold a total of 62,245 shares of company stock valued at $9,783,623 over the last three months. 0.55% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. boosted its position in shares of NextEra Energy by 11.9% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 46,013 shares of the utilities provider’s stock worth $7,187,000 after acquiring an additional 4,883 shares in the last quarter. Certified Advisory Corp acquired a new position in shares of NextEra Energy during the 4th quarter worth about $208,000. Ackerman Capital Advisors LLC acquired a new position in shares of NextEra Energy during the 4th quarter worth about $210,000. Fairfield Bush & CO. boosted its position in shares of NextEra Energy by 96.6% during the 4th quarter. Fairfield Bush & CO. now owns 2,850 shares of the utilities provider’s stock worth $445,000 after acquiring an additional 1,400 shares in the last quarter. Finally, KCM Investment Advisors LLC boosted its position in shares of NextEra Energy by 0.7% during the 4th quarter. KCM Investment Advisors LLC now owns 112,974 shares of the utilities provider’s stock worth $17,645,000 after acquiring an additional 805 shares in the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

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NextEra Energy Company Profile

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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