Q2 2021 EPS Estimates for NextEra Energy, Inc. (NYSE:NEE) Reduced by KeyCorp

NextEra Energy, Inc. (NYSE:NEE) – Stock analysts at KeyCorp lowered their Q2 2021 earnings per share estimates for shares of NextEra Energy in a report issued on Monday, July 19th. KeyCorp analyst S. Karp now expects that the utilities provider will earn $0.70 per share for the quarter, down from their previous forecast of $0.72. KeyCorp also issued estimates for NextEra Energy’s Q3 2021 earnings at $0.75 EPS, Q4 2021 earnings at $0.41 EPS and FY2022 earnings at $2.73 EPS.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, April 20th. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.08. NextEra Energy had a net margin of 24.34% and a return on equity of 10.81%. The company had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $5.01 billion. During the same period last year, the firm posted $0.59 EPS. The company’s revenue for the quarter was down 19.2% on a year-over-year basis.

A number of other research analysts also recently issued reports on NEE. Barclays reduced their price target on shares of NextEra Energy from $82.00 to $78.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 25th. Morgan Stanley raised their price target on shares of NextEra Energy from $77.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, Credit Suisse Group initiated coverage on shares of NextEra Energy in a research report on Wednesday, July 14th. They issued an “outperform” rating and a $85.00 price target on the stock. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $79.43.

NextEra Energy stock opened at $75.88 on Thursday. The business has a 50-day simple moving average of $73.96. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.42 and a current ratio of 0.52. NextEra Energy has a 1 year low of $66.79 and a 1 year high of $87.69. The company has a market cap of $148.83 billion, a P/E ratio of 32.32, a P/E/G ratio of 3.85 and a beta of 0.18.

Institutional investors have recently added to or reduced their stakes in the business. Safeguard Investment Advisory Group LLC acquired a new position in shares of NextEra Energy in the 4th quarter worth approximately $29,000. Northwest Investment Counselors LLC purchased a new position in shares of NextEra Energy in the first quarter worth approximately $29,000. Abundance Wealth Counselors purchased a new position in shares of NextEra Energy in the first quarter worth approximately $29,000. Emerson Wealth Management LLC purchased a new position in shares of NextEra Energy in the first quarter worth approximately $30,000. Finally, Mascoma Wealth Management LLC purchased a new position in shares of NextEra Energy in the first quarter worth approximately $35,000. 74.73% of the stock is currently owned by hedge funds and other institutional investors.

In other NextEra Energy news, CEO James L. Robo sold 118,000 shares of the firm’s stock in a transaction dated Tuesday, May 11th. The shares were sold at an average price of $73.55, for a total transaction of $8,678,900.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Deborah H. Caplan sold 6,896 shares of the firm’s stock in a transaction dated Monday, June 28th. The shares were sold at an average price of $75.00, for a total transaction of $517,200.00. Following the transaction, the executive vice president now directly owns 123,339 shares in the company, valued at approximately $9,250,425. The disclosure for this sale can be found here. Over the last quarter, insiders sold 176,787 shares of company stock worth $13,075,474. 0.38% of the stock is currently owned by insiders.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 15th. Investors of record on Wednesday, June 2nd were given a $0.385 dividend. The ex-dividend date of this dividend was Tuesday, June 1st. This represents a $1.54 annualized dividend and a yield of 2.03%. NextEra Energy’s dividend payout ratio is presently 66.67%.

NextEra Energy Company Profile

NextEra Energy, Inc is an electric power and energy infrastructure company. It operates through the following segments: FPL & NEER. The FPL segment engages primarily in the generation, transmission, distribution and sale of electric energy in Florida. The NEER segment produces electricity from clean and renewable sources, including wind and solar.

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

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