NextEra Energy (NEE) to Release Quarterly Earnings on Tuesday

NextEra Energy (NYSE:NEE) is set to issue its quarterly earnings data before the market opens on Tuesday, April 23rd. Analysts expect the company to announce earnings of $0.75 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. The business had revenue of $6.88 billion during the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter in the previous year, the business earned $0.51 EPS. On average, analysts expect NextEra Energy to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $62.75 on Tuesday. NextEra Energy has a twelve month low of $47.15 and a twelve month high of $79.78. The stock’s 50 day moving average price is $59.32 and its 200-day moving average price is $58.32. The company has a market capitalization of $128.79 billion, a PE ratio of 17.38, a PEG ratio of 2.27 and a beta of 0.51. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 1.06.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date was Monday, February 26th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s payout ratio is presently 57.06%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on NEE shares. Barclays started coverage on NextEra Energy in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 target price on the stock. Wells Fargo & Company boosted their target price on NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 19th. Guggenheim boosted their target price on NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, January 22nd. Mizuho restated a “buy” rating and issued a $67.00 target price (up previously from $65.00) on shares of NextEra Energy in a research note on Friday, March 15th. Finally, StockNews.com cut shares of NextEra Energy from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Two analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $72.00.

Institutional Investors Weigh In On NextEra Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of NEE. Coppell Advisory Solutions LLC bought a new stake in NextEra Energy during the 2nd quarter valued at $32,000. GeoWealth Management LLC raised its holdings in NextEra Energy by 124.1% during the 1st quarter. GeoWealth Management LLC now owns 549 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 304 shares during the period. Coppell Advisory Solutions Corp. bought a new stake in NextEra Energy during the 4th quarter valued at $49,000. KB Financial Partners LLC purchased a new position in shares of NextEra Energy during the 1st quarter valued at $53,000. Finally, Quarry LP grew its position in shares of NextEra Energy by 304.8% during the 2nd quarter. Quarry LP now owns 927 shares of the utilities provider’s stock valued at $69,000 after purchasing an additional 698 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Company Profile

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,natural gas, and other clean energy. 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.