Q1 2022 EPS Estimates for NextEra Energy, Inc. (NYSE:NEE) Cut by Analyst

NextEra Energy, Inc. (NYSE:NEEGet Rating) – Equities researchers at KeyCorp reduced their Q1 2022 earnings estimates for shares of NextEra Energy in a research note issued on Tuesday, April 19th. KeyCorp analyst S. Karp now expects that the utilities provider will post earnings of $0.70 per share for the quarter, down from their previous estimate of $0.72. KeyCorp has a “Overweight” rating and a $89.00 price objective on the stock. KeyCorp also issued estimates for NextEra Energy’s Q2 2022 earnings at $0.72 EPS, Q3 2022 earnings at $0.79 EPS, Q4 2022 earnings at $0.61 EPS and FY2025 earnings at $3.48 EPS.

NextEra Energy (NYSE:NEEGet Rating) last issued its earnings results on Tuesday, January 25th. The utilities provider reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.01. The firm had revenue of $5.05 billion during the quarter, compared to analysts’ expectations of $5.79 billion. NextEra Energy had a net margin of 20.93% and a return on equity of 11.10%. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period last year, the firm posted $0.40 earnings per share.

A number of other equities analysts have also weighed in on NEE. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a research report on Tuesday, March 29th. Morgan Stanley lifted their target price on shares of NextEra Energy from $84.00 to $88.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Wells Fargo & Company upped their price target on shares of NextEra Energy from $102.00 to $107.00 and gave the company an “overweight” rating in a research report on Monday. StockNews.com started coverage on shares of NextEra Energy in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Mizuho reduced their target price on NextEra Energy from $91.00 to $88.00 in a report on Monday, January 24th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $90.25.

Shares of NYSE NEE opened at $81.51 on Thursday. The stock’s fifty day simple moving average is $80.92 and its 200 day simple moving average is $83.46. The stock has a market capitalization of $160.12 billion, a price-to-earnings ratio of 45.03, a PEG ratio of 3.34 and a beta of 0.38. The company has a quick ratio of 0.44, a current ratio of 0.53 and a debt-to-equity ratio of 1.12. NextEra Energy has a 52-week low of $69.79 and a 52-week high of $93.73.

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 15th. Shareholders of record on Tuesday, March 1st were paid a dividend of $0.425 per share. The ex-dividend date of this dividend was Monday, February 28th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.09%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.39. NextEra Energy’s dividend payout ratio (DPR) is 93.92%.

In other NextEra Energy news, Director Naren K. Gursahaney bought 2,000 shares of NextEra Energy stock in a transaction on Thursday, January 27th. The stock was purchased at an average cost of $73.62 per share, for a total transaction of $147,240.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO James L. Robo bought 64,691 shares of the firm’s stock in a transaction on Monday, January 31st. The stock was acquired at an average cost of $77.26 per share, with a total value of $4,998,026.66. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 73,691 shares of company stock worth $5,648,077. 0.43% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of NEE. Jackson Wealth Management LLC lifted its position in shares of NextEra Energy by 275.6% in the third quarter. Jackson Wealth Management LLC now owns 71,561 shares of the utilities provider’s stock worth $28,000 after buying an additional 52,510 shares during the last quarter. Contravisory Investment Management Inc. raised its stake in shares of NextEra Energy by 295.5% in the 1st quarter. Contravisory Investment Management Inc. now owns 348 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 260 shares in the last quarter. PFG Private Wealth Management LLC acquired a new stake in NextEra Energy in the 3rd quarter worth approximately $31,000. Northwest Investment Counselors LLC bought a new stake in NextEra Energy during the fourth quarter worth approximately $31,000. Finally, Comprehensive Financial Consultants Institutional Inc. acquired a new position in NextEra Energy during the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 75.89% of the company’s stock.

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.

Further Reading

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

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