NextEra Energy (NEE) Scheduled to Post Earnings on Thursday

NextEra Energy (NYSE:NEEGet Rating) is set to release its earnings data before the market opens on Thursday, April 21st. Analysts expect NextEra Energy to post earnings of $0.68 per share for the quarter. NextEra Energy has set its FY22 guidance at $2.75-2.85 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

NextEra Energy (NYSE:NEEGet Rating) last issued its quarterly earnings results on Tuesday, January 25th. The utilities provider reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The company had revenue of $5.05 billion for the quarter, compared to the consensus estimate of $5.79 billion. NextEra Energy had a return on equity of 11.10% and a net margin of 20.93%. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.40 EPS. On average, analysts expect NextEra Energy to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of NYSE NEE opened at $83.55 on Thursday. The company has a quick ratio of 0.44, a current ratio of 0.53 and a debt-to-equity ratio of 1.12. The business’s 50 day moving average is $80.29 and its two-hundred day moving average is $83.33. The company has a market cap of $164.13 billion, a P/E ratio of 46.16, a P/E/G ratio of 3.47 and a beta of 0.38. NextEra Energy has a 12 month low of $69.79 and a 12 month high of $93.73.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Tuesday, March 1st were given a dividend of $0.425 per share. The ex-dividend date of this dividend was Monday, February 28th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.39. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.03%. NextEra Energy’s payout ratio is currently 93.92%.

In other NextEra Energy news, CEO James L. Robo acquired 64,691 shares of NextEra Energy stock in a transaction on Monday, January 31st. The shares were bought at an average price of $77.26 per share, with a total value of $4,998,026.66. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Naren K. Gursahaney acquired 2,000 shares of NextEra Energy stock in a transaction on Thursday, January 27th. The stock was acquired at an average cost of $73.62 per share, for a total transaction of $147,240.00. The disclosure for this purchase can be found here. Insiders acquired 73,691 shares of company stock worth $5,648,077 over the last quarter. Company insiders own 0.43% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Ulland Investment Advisors LLC acquired a new position in NextEra Energy in the fourth quarter worth $37,000. KB Financial Partners LLC acquired a new position in shares of NextEra Energy during the fourth quarter valued at $68,000. Raleigh Capital Management Inc. acquired a new position in shares of NextEra Energy during the fourth quarter valued at $198,000. Benchmark Investment Advisors LLC acquired a new position in shares of NextEra Energy during the fourth quarter valued at $324,000. Finally, Forum Financial Management LP acquired a new position in shares of NextEra Energy during the fourth quarter valued at $332,000. 75.89% of the stock is currently owned by institutional investors.

A number of research firms have recently issued reports on NEE. Wells Fargo & Company lowered their price objective on NextEra Energy from $104.00 to $102.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 26th. KeyCorp boosted their price objective on NextEra Energy from $87.00 to $89.00 and gave the company an “overweight” rating in a research report on Thursday, April 7th. StockNews.com began coverage on NextEra Energy in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $89.00 price objective on the stock in a research report on Tuesday, March 29th. Finally, Morgan Stanley boosted their price objective on NextEra Energy from $88.00 to $91.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 22nd. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $90.00.

NextEra Energy Company Profile (Get Rating)

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, coal, and natural gas facilities. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.

See Also

Earnings History for NextEra Energy (NYSE:NEE)

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