NextEra Energy (NEE) Scheduled to Post Quarterly Earnings on Wednesday

NextEra Energy (NYSE:NEE – Get Rating) is scheduled to be announcing its earnings results before the market opens on Wednesday, January 25th. Analysts expect the company to announce earnings of $0.49 per share for the quarter. NextEra Energy has set its FY22 guidance at $2.80-2.90 EPS and its FY23 guidance at $2.98-3.13 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

NextEra Energy (NYSE:NEE – Get Rating) last released its quarterly earnings results on Friday, October 28th. The utilities provider reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.06. The company had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $5.77 billion. NextEra Energy had a return on equity of 12.27% and a net margin of 19.30%. NextEra Energy’s revenue was up 53.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.75 earnings per share. On average, analysts expect NextEra Energy to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

NextEra Energy Trading Up 1.5 %

Shares of NYSE:NEE traded up $1.23 during midday trading on Tuesday, reaching $83.90. The company’s stock had a trading volume of 6,647,607 shares, compared to its average volume of 6,070,194. The business has a 50 day moving average price of $84.31 and a 200 day moving average price of $83.10. NextEra Energy has a 1 year low of $67.22 and a 1 year high of $91.35. The company has a quick ratio of 0.40, a current ratio of 0.46 and a debt-to-equity ratio of 1.17. The firm has a market cap of $166.72 billion, a price-to-earnings ratio of 43.25, a price-to-earnings-growth ratio of 2.71 and a beta of 0.48.

Insider Transactions at NextEra Energy

In related news, EVP Robert Coffey sold 2,908 shares of the business’s stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $78.19, for a total value of $227,376.52. Following the sale, the executive vice president now directly owns 11,489 shares of the company’s stock, valued at approximately $898,324.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other NextEra Energy news, EVP Miguel Arechabala sold 21,231 shares of the business’s stock in a transaction dated Friday, December 9th. The shares were sold at an average price of $85.37, for a total transaction of $1,812,490.47. Following the sale, the executive vice president now directly owns 29,980 shares of the company’s stock, valued at approximately $2,559,392.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Robert Coffey sold 2,908 shares of the business’s stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $78.19, for a total transaction of $227,376.52. Following the sale, the executive vice president now directly owns 11,489 shares in the company, valued at $898,324.91. The disclosure for this sale can be found here. Insiders have sold a total of 46,617 shares of company stock valued at $3,962,217 over the last three months. 0.43% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On NextEra Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Covestor Ltd increased its stake in shares of NextEra Energy by 59.1% during the 1st quarter. Covestor Ltd now owns 878 shares of the utilities provider’s stock worth $74,000 after purchasing an additional 326 shares during the last quarter. Echo Street Capital Management LLC acquired a new position in shares of NextEra Energy during the 1st quarter worth about $245,000. Stevens Capital Management LP acquired a new position in shares of NextEra Energy during the 1st quarter worth about $258,000. Worth Asset Management LLC acquired a new position in shares of NextEra Energy during the 1st quarter worth about $263,000. Finally, Achmea Investment Management B.V. acquired a new position in shares of NextEra Energy during the 1st quarter worth about $268,000. 76.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on NEE shares. StockNews.com started coverage on NextEra Energy in a report on Wednesday, October 12th. They issued a “hold” rating for the company. BMO Capital Markets increased their target price on NextEra Energy from $89.00 to $91.00 and gave the company an “outperform” rating in a report on Monday, October 31st. Wells Fargo & Company increased their target price on NextEra Energy from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, January 10th. Credit Suisse Group upped their price target on shares of NextEra Energy to $89.00 in a research note on Tuesday, November 1st. Finally, KeyCorp lowered their target price on shares of NextEra Energy from $93.00 to $89.00 and set an “overweight” rating on the stock in a research report on Thursday, October 20th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $94.40.

About NextEra Energy

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NextEra Energy, Inc is an electric power and energy infrastructure company. It operates through the following segments: FPL and NEER. The FPL segment engages primarily in the generation, transmission, distribution, and sale of electric energy in Florida. The NEER segment produces electricity from clean and renewable sources, including wind and solar.