Analysts Set Expectations for NextEra Energy FY2027 Earnings

NextEra Energy, Inc. (NYSE:NEE) – Research analysts at Erste Group Bank decreased their FY2027 earnings estimates for shares of NextEra Energy in a research note issued on Tuesday, March 24th. Erste Group Bank analyst S. Lingnau now forecasts that the utilities provider will post earnings per share of $4.37 for the year, down from their prior forecast of $4.38. Erste Group Bank has a “Buy” rating on the stock. The consensus estimate for NextEra Energy’s current full-year earnings is $3.68 per share.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.01. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The business had revenue of $6.50 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same period in the prior year, the business posted $0.53 earnings per share. The company’s revenue was up 20.7% on a year-over-year basis.

Several other equities analysts have also issued reports on NEE. The Goldman Sachs Group raised their price target on NextEra Energy from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Morgan Stanley reiterated an “overweight” rating and issued a $106.00 price objective on shares of NextEra Energy in a research report on Friday, February 20th. Barclays raised their target price on shares of NextEra Energy from $84.00 to $85.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. Seaport Research Partners decreased their target price on shares of NextEra Energy from $56.00 to $55.00 and set a “sell” rating on the stock in a research note on Monday, February 2nd. Finally, BTIG Research reiterated a “buy” rating and set a $103.00 price target on shares of NextEra Energy in a report on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $94.44.

NextEra Energy Trading Down 0.5%

NYSE NEE opened at $91.19 on Thursday. The firm has a market cap of $190.00 billion, a PE ratio of 27.72 and a beta of 0.76. NextEra Energy has a 1-year low of $61.72 and a 1-year high of $95.91. The stock has a 50-day moving average of $90.15 and a 200-day moving average of $83.97. The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Purpose Unlimited Inc. bought a new position in NextEra Energy in the fourth quarter worth about $253,000. Cornerstone Planning LLC purchased a new stake in NextEra Energy in the fourth quarter worth about $941,000. Rockefeller Capital Management L.P. boosted its position in NextEra Energy by 33.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,167,141 shares of the utilities provider’s stock valued at $173,978,000 after acquiring an additional 543,511 shares in the last quarter. Osbon Capital Management LLC bought a new stake in NextEra Energy during the 4th quarter valued at approximately $27,000. Finally, World Investment Advisors grew its holdings in shares of NextEra Energy by 1.9% during the 4th quarter. World Investment Advisors now owns 97,788 shares of the utilities provider’s stock worth $7,850,000 after acquiring an additional 1,841 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 4,934 shares of NextEra Energy stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $93.00, for a total value of $458,862.00. Following the sale, the executive vice president directly owned 16,905 shares in the company, valued at approximately $1,572,165. This trade represents a 22.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Terrell Kirk Crews II sold 19,672 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $90.27, for a total value of $1,775,791.44. Following the transaction, the executive vice president directly owned 73,857 shares in the company, valued at $6,667,071.39. This trade represents a 21.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 190,816 shares of company stock worth $17,075,619. Insiders own 0.20% of the company’s stock.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were given a dividend of $0.6232 per share. This represents a $2.49 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.57. NextEra Energy’s dividend payout ratio is currently 75.68%.

About NextEra Energy

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.