Wall Street brokerages expect NextEra Energy Inc (NYSE:NEE) to report earnings per share (EPS) of $2.19 for the current quarter, according to Zacks. Two analysts have made estimates for NextEra Energy’s earnings, with estimates ranging from $2.01 to $2.34. NextEra Energy reported earnings of $2.18 per share during the same quarter last year, which would suggest a positive year over year growth rate of 0.5%. The firm is scheduled to announce its next earnings results on Tuesday, October 22nd.

On average, analysts expect that NextEra Energy will report full year earnings of $8.37 per share for the current fiscal year, with EPS estimates ranging from $8.34 to $8.40. For the next financial year, analysts expect that the firm will report earnings of $9.05 per share, with EPS estimates ranging from $8.84 to $9.30. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow NextEra Energy.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 24th. The utilities provider reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.28 by $0.07. NextEra Energy had a return on equity of 10.46% and a net margin of 18.73%. The company had revenue of $4.97 billion during the quarter, compared to the consensus estimate of $4.68 billion. During the same quarter in the previous year, the company posted $2.08 earnings per share. The firm’s quarterly revenue was up 22.3% on a year-over-year basis.

A number of research firms have issued reports on NEE. Guggenheim upped their target price on shares of NextEra Energy from $205.00 to $223.00 and gave the company a “buy” rating in a research report on Monday, June 24th. UBS Group lifted their price target on shares of NextEra Energy from $240.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Barclays downgraded shares of NextEra Energy from an “overweight” rating to an “equal weight” rating and set a $218.00 price target for the company. in a research note on Tuesday, August 13th. KeyCorp began coverage on shares of NextEra Energy in a research note on Tuesday, June 4th. They set an “overweight” rating and a $225.00 price target for the company. Finally, Morgan Stanley set a $233.00 price objective on shares of NextEra Energy and gave the company a “buy” rating in a report on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $217.77.

NEE stock traded up $1.94 during midday trading on Friday, reaching $220.06. The stock had a trading volume of 2,048,697 shares, compared to its average volume of 1,965,921. The firm has a market cap of $104.50 billion, a price-to-earnings ratio of 28.58, a PEG ratio of 3.28 and a beta of 0.19. NextEra Energy has a twelve month low of $164.25 and a twelve month high of $225.96. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 0.88. The business has a fifty day simple moving average of $216.51 and a two-hundred day simple moving average of $202.03.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, August 29th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, August 28th. This represents a $5.00 annualized dividend and a dividend yield of 2.27%. NextEra Energy’s payout ratio is currently 64.94%.

In related news, EVP Charles E. Sieving sold 4,987 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $222.52, for a total transaction of $1,109,707.24. Following the completion of the transaction, the executive vice president now owns 46,467 shares in the company, valued at $10,339,836.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Joseph T. Kelliher sold 3,279 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $219.20, for a total transaction of $718,756.80. Following the transaction, the executive vice president now owns 28,215 shares of the company’s stock, valued at approximately $6,184,728. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 98,894 shares of company stock valued at $21,378,595. 0.48% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. TRUE Private Wealth Advisors bought a new stake in shares of NextEra Energy in the second quarter worth about $25,000. Krane Funds Advisors LLC acquired a new position in shares of NextEra Energy in the 2nd quarter valued at approximately $25,000. Manchester Financial Inc. acquired a new position in shares of NextEra Energy in the 2nd quarter valued at approximately $26,000. Mackey Komara & Dankovich LLC grew its position in shares of NextEra Energy by 446.4% in the 2nd quarter. Mackey Komara & Dankovich LLC now owns 765 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 625 shares during the period. Finally, Legacy Advisors LLC grew its position in shares of NextEra Energy by 1,000.0% in the 2nd quarter. Legacy Advisors LLC now owns 165 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 150 shares during the period. 76.11% of the stock is currently owned by institutional investors.

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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