Zacks: Brokerages Anticipate NextEra Energy Inc (NEE) to Announce $1.32 Earnings Per Share
Wall Street analysts forecast that NextEra Energy Inc (NYSE:NEE) will announce earnings of $1.32 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for NextEra Energy’s earnings, with the lowest EPS estimate coming in at $1.29 and the highest estimate coming in at $1.39. NextEra Energy reported earnings of $1.21 per share in the same quarter last year, which would suggest a positive year over year growth rate of 9.1%. The business is expected to issue its next earnings results on Friday, January 26th.
According to Zacks, analysts expect that NextEra Energy will report full-year earnings of $6.73 per share for the current year, with EPS estimates ranging from $6.65 to $6.81. For the next financial year, analysts anticipate that the firm will post earnings of $7.27 per share, with EPS estimates ranging from $7.20 to $7.35. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow NextEra Energy.
NextEra Energy (NYSE:NEE) last announced its earnings results on Thursday, October 26th. The utilities provider reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.08. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The company had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.89 billion. During the same period last year, the business posted $1.74 EPS. NextEra Energy’s revenue for the quarter was up .1% on a year-over-year basis.
Shares of NextEra Energy (NEE) traded down $0.16 during trading on Friday, reaching $156.19. The company had a trading volume of 1,181,531 shares, compared to its average volume of 1,671,941. NextEra Energy has a 12 month low of $117.33 and a 12 month high of $159.40. The stock has a market cap of $73,471.47, a PE ratio of 17.55, a price-to-earnings-growth ratio of 3.12 and a beta of 0.31. The company has a quick ratio of 0.49, a current ratio of 0.61 and a debt-to-equity ratio of 1.11.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, November 24th were paid a $0.9825 dividend. This represents a $3.93 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend was Wednesday, November 22nd. NextEra Energy’s payout ratio is presently 44.16%.
In related news, Director James L. Robo sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $151.52, for a total transaction of $4,545,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 42,372 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $157.45, for a total value of $6,671,471.40. Following the sale, the chief executive officer now owns 121,958 shares of the company’s stock, valued at approximately $19,202,287.10. The disclosure for this sale can be found here. Insiders sold a total of 74,372 shares of company stock valued at $11,517,071 in the last quarter. Company insiders own 0.53% of the company’s stock.
A number of hedge funds have recently bought and sold shares of NEE. Bank of Nova Scotia lifted its stake in NextEra Energy by 909.1% during the first quarter. Bank of Nova Scotia now owns 107,521 shares of the utilities provider’s stock worth $13,802,000 after purchasing an additional 96,866 shares during the last quarter. Bath Savings Trust Co lifted its stake in NextEra Energy by 10.0% during the second quarter. Bath Savings Trust Co now owns 42,431 shares of the utilities provider’s stock worth $5,945,000 after purchasing an additional 3,865 shares during the last quarter. American National Bank lifted its stake in NextEra Energy by 0.8% during the second quarter. American National Bank now owns 3,277 shares of the utilities provider’s stock worth $459,000 after purchasing an additional 26 shares during the last quarter. Catawba Capital Management VA increased its position in NextEra Energy by 4.1% during the second quarter. Catawba Capital Management VA now owns 1,687 shares of the utilities provider’s stock worth $236,000 after buying an additional 67 shares during the period. Finally, Xact Kapitalforvaltning AB increased its position in NextEra Energy by 1.7% during the second quarter. Xact Kapitalforvaltning AB now owns 36,931 shares of the utilities provider’s stock worth $5,175,000 after buying an additional 600 shares during the period. Hedge funds and other institutional investors own 75.38% of the company’s stock.
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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