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

NextEra Energy (NYSE:NEE) will issue its quarterly earnings data before the market opens on Tuesday, April 23rd. Analysts expect the company to announce earnings of $0.75 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. The business had revenue of $6.88 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same quarter last year, the business earned $0.51 earnings per share. On average, analysts expect NextEra Energy to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

NextEra Energy Price Performance

NEE stock opened at $64.30 on Monday. NextEra Energy has a 52 week low of $47.15 and a 52 week high of $79.78. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 1.06. The company has a fifty day simple moving average of $59.89 and a two-hundred day simple moving average of $58.61. The firm has a market capitalization of $131.97 billion, a P/E ratio of 17.81, a price-to-earnings-growth ratio of 2.31 and a beta of 0.51.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were given a dividend of $0.515 per share. The ex-dividend date of this dividend was Monday, February 26th. This represents a $2.06 annualized dividend and a yield of 3.20%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio (DPR) is 57.06%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Live Oak Investment Partners purchased a new position in shares of NextEra Energy in the 4th quarter worth approximately $191,000. LM Advisors LLC purchased a new position in shares of NextEra Energy in the 4th quarter worth approximately $136,000. Compass Wealth Management LLC purchased a new position in shares of NextEra Energy in the 4th quarter worth approximately $123,000. Sanctuary Wealth Management L.L.C. purchased a new position in shares of NextEra Energy in the 4th quarter worth approximately $121,000. Finally, O Dell Group LLC purchased a new position in shares of NextEra Energy in the 4th quarter worth approximately $97,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Guggenheim raised their target price on shares of NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. BMO Capital Markets lowered their target price on shares of NextEra Energy from $77.00 to $68.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Barclays assumed coverage on shares of NextEra Energy in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 target price for the company. Royal Bank of Canada restated an “outperform” rating and issued a $74.00 target price on shares of NextEra Energy in a report on Tuesday, January 30th. Finally, Wells Fargo & Company lifted their price objective on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, March 19th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and an average price target of $71.36.

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.