NextEra Energy (NEE) Expected to Announce Quarterly Earnings on Wednesday

NextEra Energy (NYSE:NEE) is projected to post its quarterly earnings results before the market opens on Wednesday, April 23rd. Analysts expect NextEra Energy to post earnings of $0.99 per share and revenue of $6.58 billion for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. On average, analysts expect NextEra Energy to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

NextEra Energy Stock Performance

Shares of NYSE:NEE opened at $67.59 on Wednesday. The business has a fifty day moving average of $69.83 and a 200-day moving average of $73.62. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. NextEra Energy has a twelve month low of $61.31 and a twelve month high of $86.10. The firm has a market cap of $139.14 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were paid a $0.5665 dividend. The ex-dividend date was Friday, February 28th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.35%. NextEra Energy’s payout ratio is currently 67.06%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Jefferies Financial Group lowered their price target on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. JPMorgan Chase & Co. upped their price target on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. Morgan Stanley raised their target price on shares of NextEra Energy from $95.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, March 20th. Evercore ISI cut their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. Finally, Guggenheim reaffirmed a “buy” rating and set a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, NextEra Energy presently has an average rating of “Hold” and a consensus price target of $85.38.

Insider Activity at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the transaction, the chief accounting officer now directly owns 27,427 shares in the company, valued at approximately $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is owned by insiders.

Institutional Investors Weigh In On NextEra Energy

A hedge fund recently raised its stake in NextEra Energy stock. Revolve Wealth Partners LLC raised its stake in NextEra Energy, Inc. (NYSE:NEE) by 6.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,854 shares of the utilities provider’s stock after purchasing an additional 298 shares during the period. Revolve Wealth Partners LLC’s holdings in NextEra Energy were worth $348,000 at the end of the most recent quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

About NextEra Energy

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.