Brokerages expect NextEra Energy Inc (NYSE:NEE) to announce $3.91 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for NextEra Energy’s earnings, with estimates ranging from $3.63 billion to $4.19 billion. NextEra Energy posted sales of $3.70 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.7%. The company is expected to issue its next earnings report before the market opens on Friday, January 26th.
On average, analysts expect that NextEra Energy will report full-year sales of $3.91 billion for the current fiscal year, with estimates ranging from $16.81 billion to $17.39 billion. For the next fiscal year, analysts expect that the company will report sales of $17.86 billion per share, with estimates ranging from $17.51 billion to $18.19 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow NextEra Energy.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.77 by $0.08. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The company had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same period last year, the firm posted $1.74 EPS. NextEra Energy’s revenue for the quarter was up .1% on a year-over-year basis.
NEE has been the topic of several research reports. Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 price objective on the stock in a research report on Tuesday, December 12th. KeyCorp reissued a “buy” rating and set a $155.00 price objective on shares of NextEra Energy in a research report on Thursday, October 12th. Argus reissued a “buy” rating and set a $173.00 price objective on shares of NextEra Energy in a research report on Tuesday, December 5th. They noted that the move was a valuation call. Royal Bank of Canada reaffirmed a “buy” rating and issued a $156.00 target price on shares of NextEra Energy in a report on Tuesday, November 7th. Finally, Bank of America assumed coverage on shares of NextEra Energy in a report on Tuesday, October 24th. They issued a “buy” rating and a $166.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $159.56.
Shares of NextEra Energy (NYSE:NEE) traded down $0.62 during trading on Friday, reaching $150.16. 2,250,000 shares of the company’s stock traded hands, compared to its average volume of 1,890,000. NextEra Energy has a 52 week low of $117.91 and a 52 week high of $159.40. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.61 and a quick ratio of 0.49. The stock has a market cap of $70,630.00, a P/E ratio of 16.87, a P/E/G ratio of 2.79 and a beta of 0.31.
In related news, CEO Armando Pimentel, Jr. sold 42,372 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $157.45, for a total value of $6,671,471.40. Following the completion of the sale, the chief executive officer now owns 121,958 shares in the company, valued at $19,202,287.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James L. Robo sold 30,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $151.52, for a total transaction of $4,545,600.00. The disclosure for this sale can be found here. 0.53% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Hanson McClain Inc. lifted its stake in shares of NextEra Energy by 6.0% in the second quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock valued at $107,000 after purchasing an additional 43 shares during the period. Risk Paradigm Group LLC lifted its stake in shares of NextEra Energy by 108.1% in the third quarter. Risk Paradigm Group LLC now owns 851 shares of the utilities provider’s stock valued at $125,000 after purchasing an additional 442 shares during the period. Horan Capital Advisors LLC. acquired a new stake in shares of NextEra Energy in the third quarter valued at about $134,000. Fieldpoint Private Securities LLC lifted its stake in shares of NextEra Energy by 84.0% in the third quarter. Fieldpoint Private Securities LLC now owns 920 shares of the utilities provider’s stock valued at $135,000 after purchasing an additional 420 shares during the period. Finally, Highstreet Asset Management Inc. acquired a new position in NextEra Energy during the second quarter worth about $134,000. Hedge funds and other institutional investors own 75.41% of the company’s stock.
About NextEra Energy
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.
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