Wall Street analysts forecast that NextEra Energy, Inc. (NYSE:NEE – Get Rating) will announce sales of $5.79 billion for the current quarter, Zacks reports. Three analysts have provided estimates for NextEra Energy’s earnings. The highest sales estimate is $6.02 billion and the lowest is $5.60 billion. NextEra Energy posted sales of $3.93 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 47.3%. The firm is expected to announce its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that NextEra Energy will report full year sales of $22.03 billion for the current financial year, with estimates ranging from $20.33 billion to $23.12 billion. For the next financial year, analysts expect that the business will post sales of $24.77 billion, with estimates ranging from $24.13 billion to $25.40 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for NextEra Energy.
NextEra Energy (NYSE:NEE – Get Rating) last issued its quarterly earnings data on Thursday, April 21st. The utilities provider reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.05. NextEra Energy had a net margin of 8.97% and a return on equity of 11.49%. The company had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $5.16 billion. During the same quarter last year, the company earned $0.67 earnings per share.
In other news, Director Kirk S. Hachigian acquired 10,000 shares of NextEra Energy stock in a transaction that occurred on Tuesday, May 3rd. The shares were purchased at an average cost of $70.19 per share, for a total transaction of $701,900.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $350,950. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.38% of the company’s stock.
A number of hedge funds have recently bought and sold shares of NEE. Norges Bank bought a new stake in NextEra Energy in the fourth quarter valued at $2,724,059,000. Vanguard Group Inc. raised its stake in shares of NextEra Energy by 2.0% during the first quarter. Vanguard Group Inc. now owns 182,355,161 shares of the utilities provider’s stock valued at $15,447,306,000 after purchasing an additional 3,505,846 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of NextEra Energy by 18.0% during the third quarter. UBS Asset Management Americas Inc. now owns 14,252,869 shares of the utilities provider’s stock valued at $1,119,135,000 after purchasing an additional 2,177,066 shares in the last quarter. 1832 Asset Management L.P. raised its stake in shares of NextEra Energy by 29.4% during the fourth quarter. 1832 Asset Management L.P. now owns 9,406,722 shares of the utilities provider’s stock valued at $881,233,000 after purchasing an additional 2,136,829 shares in the last quarter. Finally, Alphinity Investment Management Pty Ltd raised its stake in shares of NextEra Energy by 1,709.8% during the first quarter. Alphinity Investment Management Pty Ltd now owns 2,225,009 shares of the utilities provider’s stock valued at $188,481,000 after purchasing an additional 2,102,067 shares in the last quarter. Institutional investors own 77.89% of the company’s stock.
Shares of NYSE:NEE opened at $74.79 on Thursday. The company has a quick ratio of 0.42, a current ratio of 0.49 and a debt-to-equity ratio of 1.16. NextEra Energy has a 52-week low of $67.22 and a 52-week high of $93.73. The company has a 50 day moving average of $77.97 and a two-hundred day moving average of $81.59. The company has a market capitalization of $146.92 billion, a price-to-earnings ratio of 101.07, a price-to-earnings-growth ratio of 2.85 and a beta of 0.49.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Tuesday, May 31st will be paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 2.27%. The ex-dividend date is Friday, May 27th. NextEra Energy’s dividend payout ratio (DPR) is presently 229.73%.
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.
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