NextEra Energy Inc (NYSE:NEE) – Stock analysts at KeyCorp issued their FY2020 earnings estimates for NextEra Energy in a research report issued to clients and investors on Tuesday, June 4th, Zacks Investment Research reports. KeyCorp analyst S. Karp anticipates that the utilities provider will post earnings per share of $8.84 for the year. KeyCorp currently has a “Overweight” rating and a $225.00 target price on the stock. KeyCorp also issued estimates for NextEra Energy’s FY2021 earnings at $9.84 EPS.
NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, April 23rd. The utilities provider reported $2.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.01 by $0.19. NextEra Energy had a net margin of 17.13% and a return on equity of 10.26%. The business had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter last year, the firm earned $1.94 earnings per share.
Several other research firms have also recently issued reports on NEE. Barclays upgraded shares of NextEra Energy from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $187.00 to $207.00 in a research report on Wednesday, March 20th. They noted that the move was a valuation call. Guggenheim raised their price objective on shares of NextEra Energy from $205.00 to $223.00 and gave the stock a “buy” rating in a report on Monday. Bank of America lifted their target price on shares of NextEra Energy from $215.00 to $225.00 and gave the company a “buy” rating in a report on Tuesday. Scotiabank raised shares of NextEra Energy from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $187.00 to $202.00 in a report on Wednesday, May 8th. Finally, Morgan Stanley lifted their target price on shares of NextEra Energy from $194.00 to $207.00 and gave the company an “overweight” rating in a report on Friday, June 14th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. NextEra Energy currently has a consensus rating of “Buy” and a consensus target price of $208.14.
NextEra Energy stock traded up $0.31 during midday trading on Thursday, hitting $204.86. 2,911,925 shares of the stock were exchanged, compared to its average volume of 1,994,532. NextEra Energy has a fifty-two week low of $163.51 and a fifty-two week high of $208.91. The firm has a market cap of $97.97 billion, a PE ratio of 26.61, a price-to-earnings-growth ratio of 3.03 and a beta of 0.26. The stock’s 50-day moving average price is $201.62. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.46 and a quick ratio of 0.38.
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a dividend of $1.25 per share. The ex-dividend date was Friday, May 31st. This represents a $5.00 annualized dividend and a dividend yield of 2.44%. NextEra Energy’s dividend payout ratio (DPR) is presently 64.94%.
In other NextEra Energy news, EVP Charles E. Sieving sold 5,916 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $192.20, for a total transaction of $1,137,055.20. Following the transaction, the executive vice president now owns 51,454 shares in the company, valued at approximately $9,889,458.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rudy E. Schupp sold 1,600 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $191.52, for a total transaction of $306,432.00. Following the transaction, the director now owns 19,210 shares in the company, valued at approximately $3,679,099.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 107,216 shares of company stock valued at $21,336,558. 0.48% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of NEE. Oregon Public Employees Retirement Fund boosted its holdings in shares of NextEra Energy by 17,067.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 8,822,408 shares of the utilities provider’s stock valued at $51,000 after acquiring an additional 8,771,018 shares during the last quarter. Norges Bank purchased a new stake in NextEra Energy during the fourth quarter worth $1,172,014,000. GQG Partners LLC purchased a new stake in NextEra Energy during the fourth quarter worth $264,629,000. BlackRock Inc. boosted its holdings in NextEra Energy by 2.4% during the fourth quarter. BlackRock Inc. now owns 37,651,697 shares of the utilities provider’s stock worth $6,544,616,000 after buying an additional 886,301 shares in the last quarter. Finally, Vanguard Group Inc boosted its holdings in NextEra Energy by 2.0% during the third quarter. Vanguard Group Inc now owns 41,214,999 shares of the utilities provider’s stock worth $6,907,634,000 after buying an additional 815,916 shares in the last quarter. Institutional investors and hedge funds own 75.83% 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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.