FY2027 EPS Estimates for NextEra Energy Reduced by Analyst

NextEra Energy, Inc. (NYSE:NEE) – Analysts at Erste Group Bank dropped their FY2027 earnings per share estimates for NextEra Energy in a report released on Tuesday, March 24th. Erste Group Bank analyst S. Lingnau now anticipates that the utilities provider will post earnings per share of $4.37 for the year, down from their prior estimate of $4.38. Erste Group Bank currently has a “Buy” rating on the stock. The consensus estimate for NextEra Energy’s current full-year earnings is $3.68 per share.

Several other equities analysts have also recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on NextEra Energy from $94.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, December 11th. Argus set a $92.00 target price on NextEra Energy and gave the stock a “buy” rating in a report on Wednesday, January 28th. Seaport Research Partners decreased their price target on NextEra Energy from $56.00 to $55.00 and set a “sell” rating on the stock in a research report on Monday, February 2nd. Wall Street Zen raised NextEra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $106.00 price objective on shares of NextEra Energy in a research report on Friday, February 20th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and an average target price of $94.44.

NextEra Energy Stock Performance

NYSE NEE opened at $91.15 on Thursday. The firm has a 50-day moving average price of $90.33 and a two-hundred day moving average price of $84.02. NextEra Energy has a 12-month low of $61.72 and a 12-month high of $95.91. The company has a market capitalization of $189.90 billion, a P/E ratio of 27.70 and a beta of 0.76. The company has a quick ratio of 0.49, a current ratio of 0.60 and a debt-to-equity ratio of 1.35.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, beating the consensus estimate of $0.53 by $0.01. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The business had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $7.07 billion. During the same period in the prior year, the company posted $0.53 earnings per share. NextEra Energy’s revenue was up 20.7% compared to the same quarter last year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in NextEra Energy by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 216,033,697 shares of the utilities provider’s stock valued at $17,343,185,000 after purchasing an additional 2,234,176 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of NextEra Energy by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 47,272,019 shares of the utilities provider’s stock worth $3,781,790,000 after buying an additional 966,152 shares during the last quarter. Norges Bank bought a new stake in shares of NextEra Energy during the fourth quarter worth $2,816,327,000. Price T Rowe Associates Inc. MD increased its holdings in shares of NextEra Energy by 6.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,365,788 shares of the utilities provider’s stock worth $1,474,407,000 after buying an additional 1,136,074 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of NextEra Energy by 2.9% during the fourth quarter. Deutsche Bank AG now owns 17,281,357 shares of the utilities provider’s stock worth $1,387,347,000 after buying an additional 485,854 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,934 shares of the company’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $93.00, for a total transaction of $458,862.00. Following the completion of the sale, the executive vice president directly owned 16,905 shares in the company, valued at $1,572,165. This represents a 22.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Treasurer James Michael May sold 7,161 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $90.27, for a total value of $646,423.47. Following the completion of the sale, the treasurer directly owned 26,719 shares in the company, valued at $2,411,924.13. This trade represents a 21.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 190,816 shares of company stock worth $17,075,619. 0.20% of the stock is owned by insiders.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were paid a dividend of $0.6232 per share. The ex-dividend date was Friday, February 27th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.57. This represents a $2.49 annualized dividend and a yield of 2.7%. NextEra Energy’s dividend payout ratio is currently 75.68%.

About NextEra Energy

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.