Brokers Offer Predictions for NextEra Energy FY2024 Earnings

NextEra Energy, Inc. (NYSE:NEE - Free Report) - KeyCorp cut their FY2024 earnings per share (EPS) estimates for NextEra Energy in a research note issued to investors on Tuesday, December 3rd. KeyCorp analyst S. Karp now forecasts that the utilities provider will post earnings of $3.36 per share for the year, down from their previous estimate of $3.39. The consensus estimate for NextEra Energy's current full-year earnings is $3.41 per share. KeyCorp also issued estimates for NextEra Energy's FY2028 earnings at $4.52 EPS.

Several other equities analysts have also recently commented on the company. BMO Capital Markets boosted their target price on NextEra Energy from $83.00 to $91.00 and gave the stock an "outperform" rating in a research report on Friday, October 18th. Dbs Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 27th. Morgan Stanley dropped their target price on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research report on Friday, November 22nd. Wells Fargo & Company increased their price target on shares of NextEra Energy from $95.00 to $102.00 and gave the stock an "overweight" rating in a report on Tuesday, September 3rd. Finally, Barclays lifted their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an "equal weight" rating in a report on Friday, October 25th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $86.85.

NextEra Energy Stock Down 1.3 %

Shares of NEE stock traded down $0.96 on Friday, reaching $75.24. 7,079,144 shares of the company were exchanged, compared to its average volume of 10,491,270. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. NextEra Energy has a one year low of $53.95 and a one year high of $86.10. The company has a market cap of $154.72 billion, a price-to-earnings ratio of 22.26, a PEG ratio of 2.74 and a beta of 0.56. The company has a 50-day moving average of $79.68 and a 200-day moving average of $77.83.

NextEra Energy (NYSE:NEE - Get Free Report) last released its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.05. The company had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. NextEra Energy's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.94 EPS.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be paid a $0.515 dividend. The ex-dividend date is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a yield of 2.74%. NextEra Energy's dividend payout ratio (DPR) is currently 60.95%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the firm's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the sale, the executive vice president now owns 15,792 shares of the company's stock, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.18% of the company's stock.

Institutional Trading of NextEra Energy

A number of institutional investors have recently modified their holdings of NEE. Lantz Financial LLC lifted its position in shares of NextEra Energy by 16.0% in the 2nd quarter. Lantz Financial LLC now owns 13,047 shares of the utilities provider's stock worth $924,000 after purchasing an additional 1,795 shares during the period. Southland Equity Partners LLC bought a new stake in NextEra Energy during the 2nd quarter valued at approximately $214,000. Annex Advisory Services LLC boosted its position in NextEra Energy by 8.6% during the 2nd quarter. Annex Advisory Services LLC now owns 7,364 shares of the utilities provider's stock valued at $521,000 after acquiring an additional 584 shares in the last quarter. QRG Capital Management Inc. grew its holdings in shares of NextEra Energy by 9.4% during the 2nd quarter. QRG Capital Management Inc. now owns 177,406 shares of the utilities provider's stock worth $12,562,000 after acquiring an additional 15,282 shares during the period. Finally, Opal Wealth Advisors LLC bought a new position in shares of NextEra Energy in the 2nd quarter worth approximately $270,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

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,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.