NextEra Energy (NEE) Expected to Announce Quarterly Earnings on Wednesday

NextEra Energy (NYSE:NEE - Get Free Report) is projected to issue its quarterly earnings data before the market opens on Wednesday, April 23rd. Analysts expect the company to announce earnings of $0.99 per share and revenue of $6.58 billion for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

NextEra Energy (NYSE:NEE - Get Free Report) last released its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting analysts' consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. On average, analysts expect NextEra Energy to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

NextEra Energy Trading Up 1.0 %

Shares of NEE stock traded up $0.65 on Friday, hitting $66.29. The stock had a trading volume of 11,210,902 shares, compared to its average volume of 10,804,052. The company's 50 day moving average price is $69.63 and its 200-day moving average price is $73.30. NextEra Energy has a 1 year low of $61.72 and a 1 year high of $86.10. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The firm has a market capitalization of $136.47 billion, a P/E ratio of 19.67, a P/E/G ratio of 2.45 and a beta of 0.58.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were paid a dividend of $0.5665 per share. The ex-dividend date was Friday, February 28th. This is a positive change from NextEra Energy's previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a yield of 3.42%. NextEra Energy's dividend payout ratio is 67.06%.

Wall Street Analysts Forecast Growth

NEE has been the subject of several research reports. Guggenheim restated a "buy" rating and issued a $89.00 price target on shares of NextEra Energy in a research note on Thursday, March 20th. Erste Group Bank raised shares of NextEra Energy to a "strong-buy" rating in a research report on Wednesday. Jefferies Financial Group cut their price target on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. BMO Capital Markets decreased their price objective on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Finally, Morgan Stanley cut their target price on shares of NextEra Energy from $97.00 to $94.00 and set an "overweight" rating on the stock in a report on Wednesday. Eight research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $85.15.

Insider Activity at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the completion of the transaction, the chief accounting officer now directly owns 27,427 shares of the company's stock, valued at approximately $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.18% of the company's stock.

Hedge Funds Weigh In On NextEra Energy

A hedge fund recently raised its stake in NextEra Energy stock. Brighton Jones LLC boosted its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 7.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,282 shares of the utilities provider's stock after buying an additional 1,840 shares during the quarter. Brighton Jones LLC's holdings in NextEra Energy were worth $2,028,000 as of its most recent filing with the SEC. 78.72% of the stock is 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.